Yes. Thanks, Barry.
have that culmination held try to multiyear with situation be say, working process would that come on good in in can land So utilized investment. a we've yes, in by tribe been the Ione where the REIT transaction, I to up trust a a structure is in you a
I think it's probably the first step. just
greenfield includes finance Sacramento. of the transaction outside a a development Ione X-year So this construction loan to with of
the were documents and declination most loan structure whereby And the that that received the NIGC to necessary and from the structure. move But to the covered NIGC's a were all part component of term, for of to part lease letter tribe at forward. lease long-term long-term end can into by long-term that the important a review was elect that the of the us is lease structure convert principal the
of that company this be can that have for form in at held the long-term trust. We something are structure an is cautiously that lease alternative utilized as tribes funding land here optimistic
are with of process meeting We in the tribes.
company is asked structure talk in the tribes we more valuable that new turn not or the as detail. with that many I but optimistic tribes is in a the not structure we'll whether tribes have stream have of can be that revenue into now, hand. more I we in coming years. into that the can the utilized, we quarters met in we're or several going the back that at We for and to a last we've those Again, enter point, NDAs that repeatable find forward over think it may know And as this tribes know is coming this about to months. months the as as in think more path cautiously And We're this hope. something process we'll of we to letter
can too I So think share structure don't much itself. the about we
As to tribes lending you protections we transaction leading, were all countries. this the which gets have tribal typically protections, credit in same where when the lender in I think that for a commercial
bank So the all would. and we we a of assets accounts, same of have the collateral we the the tribe, have things that that way the the collateral get at
would addition at operate and property. lease to structure foreclose and step that, a on this permit us lease In in the to
importantly, property. can't floor the casino Now operate the on we
be for the a gives and with roll typical But can we're underwritten us to we've lenders all the company accretive be. and that out in tribal now And confident this only this rub could will are in the place we tribes find way opportunity some have into and that us so out this to confident this that is the the run transaction, big protections how other we casino. opportunity the the that receive, in protection enter give tribe that land, transaction
