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The Cost of an Exit Through a Perpetual Purpose Trust
Pia: Part of what we're trying to do here is just really lower the cost of designing these transactions, because we're never going to see this space scale. If the cost of an exit through a perpetual purpose trust through a shared ownership structure is much more than selling to a private buyer. It needs to be just as competitive in terms of cost to transact and time to close. And so effectively, it, that you've abstracted out kind of the waterfall. And then someone comes in with their viewpoint on who creates value.