Before the move it was at 40%, according to CEO Michael Roberts.

The buyer is proposing to create a sports and entertainment destination site with affordable housing.

The intent is to preserve 35,000 rent-stabilized units affected by Signature Bank's collapse.

On the other hand, economic data released after the meeting took place suggest the economy may be slowing.

"The recent data have clearly not given us greater confidence."

"You have to take seriously the possibility that the next rate move will be upwards rather than downwards."

In the last 12 months it has developed 12 to 13 new schools.

They are challenging to find but their numbers are increasing as the year continues.