2018 Q1 / South Beach & Yerba Buena Condo Report

2018 Q 1 /

SOUTH BEACH & YERBA BUENA

PAUL HWANG | RANKED #1 IN SOUTH BEACH

de a r nei g h b or s The first quarter of 2018 ended strongly with Lumina almost completely sold out. We were fortunate to list and sell the first $2+ million dollar resales at The Infinity since August of 2016. 47 MLS units sold in South Beach at an average price of $1,305,994.* The Harrison is around 50% sold and The Related’s project at 1st and Folsom, www.theaverysf.com, has risen into the sky and will begin sales this June. The new Transbay Terminal is taking shape nicely. Everyday in the neighborhood there seems to be more pedestrians and more ridesharing devices on the street such as scooters and bicycles. Going forward into the second quarter, resales will benefit from increasing density and New Development pricing.

Best Regards, Paul Hwang Principal Broker, Skybox Realty *Doesn’t include new construction.

This document has been prepared by Skybox Realty for advertising and general information only. Skybox Realty makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Skybox Realty excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.

3

table o f c o n te n t s

SOU T H BEA C H & YE R B A B UE NA SNA P SHOT

TH E I N F I N I T Y

6-7 8 - 11

TH E M ET R O P O L I T A N

12 - 15

ON E R I N C O N H I LL

16 - 19

M I L L EN N I U M T O WE R

20 - 23

ON E H A W T H O R N E

24 - 27

W A T ER M A R K

28 - 31

L U M I N A R ES A L ES

32 - 35

2018 Q 1 S O L D S

36 - 37

72 TO W N S EN D

38 - 39

TH E H A R R I S O N

40 - 41

181 F R EM O N T

42 - 43

C OM I N G S O O N

44 - 45

W HO Y O U W O R K WI TH M A TTE R S

46 - 47

5

SOU TH BEA C H Q 1 M A R K E T S N APS H OT

47

# OF T R A N S A C T I ONS Up 1 2 % Y O Y / D o w n 2 3 % QOQ

41

A VG D A Y S O N T HE M A R KE T Do w n 20 % Y O Y / N o C h a n ge QOQ

$1,129

A VG P R I C E PER S QUA R E F OOT Up 3 . 3 % Y O Y / U p 1 . 4 % QOQ

$1,305,994

A VG S A L ES P R I C E Up 1 6 % Y O Y / U p 6 . 1 % QOQ

AVG $ /S F

O N E B E D RO O M

T WO BE DR OOM

$1300

$1200

$1100

$1000

$900

2017 Q2

2017 Q3

2017 Q4

2018 Q1

YE RBA BU ENA Q 1 M A R K E T S N APS H OT

23

# OF T R A N S A C T I ONS Do w n 4. 2 % Y O Y / D o w n 1 2 % QOQ

41

A VG D A Y S O N T HE M A R KE T Up 2 . 5 % Y O Y / D ow n 2 7 % QOQ

$1,155

A VG P R I C E PER S QUA R E F OOT Do w n . 5% Y O Y / U p 7 . 2 % QOQ

$1,284,043

A VG S A L ES P R I C E Up 5 . 4 % Y O Y / U p 2 1 % QOQ

AVG $/ S F

O N E B E D RO O M

T WO BE DR OOM

$1300

$1200

$1100

$1000

$900

2017 Q2

2017 Q3

2017 Q4

2018 Q1 7

THE IN FIN ITY /

301/333 MAIN, 318/338 SPEAR

D40E | $2,499,000 (2BR) $1580/sf D39E | $2,495,000 (2BR) $1577/sf

D35E | $2,245,000 (2BR) $1675/sf

D31A | $2,099,000 (2BR) $1648/sf

D18E | $1,788,000 (2BR) $1514/sf

D15G | $965,000 (1BR) $1200/sf

D3F | $1,080,000 (1BR) $1187/sf

A4A | $925,000 (1BR) $1203/sf A3H | $898,000 (1BR) $1073/sf

All Data From SFARMLS

B36F | $1,995,000 (2BR) $1508/sf

B32A | $2,099,000 (2BR) $1655/sf

B28F | $1,899,000 (2BR) $1435/sf B26F | $1,899,000 (2BR) $1453/sf

B21G | $1,148,888 (1BR) $1424/sf

B15C | $4,695,000 (2BR) $2208/sf

C4K | $915,000 (1BR) $1100/sf C2B | $999,000 (1BR) $822/sf

SOL D

ACTI V E

I N CO N TRA C T

9

THE IN FIN ITY /

301/333 MAIN, 318/338 SPEAR

3

# OF T R A N S A C T I ONS Do w n 25 % Y O Y / D ow n 25% QOQ

19

A VG D A Y S O N T HE M A R KE T Do w n 44 % Y O Y / D ow n 55% QOQ

AVER A GE $ /S F

T H E IN FIN IT Y

$1500

$1300

$1100

$900 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$614/ S F

$ 8 1 2 /S F

$1011/ S F

All Data From SFARMLS

$120

09/ S F

$1,474

A VG P R I C E PER S QUA R E F OOT Up 2 1 % Y O Y / U p 2 8 % Q OQ

$1,753,000

A VG S A L ES P R I C E Up 3 7 % Y O Y / U p 5 5 % Q OQ

BUYER D EM O GRA P H IC

T H E IN FIN IT Y Q1

C A S H BU Y E R LO A N BU Y E R UN KN OWN

STAN D ARD DE V IA T ION = $ 1 9 8 . 3 0

$ 1 4 0 7 /SF

$ 1 6 0 6 /S F

$1804/ S F

11

THE M ETR OPO L I T A N /

333/355 1ST

N602 | $387,491 (1BR) bmr

All Data From SFARMLS

S1603 | $939,000 (1BR) $1181/sf

S707 | $1,199,000 (2BR) $1050/sf

SOL D

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I N CO N TRA C T

13

THE M ETR OPO L I T A N /

333/155 1ST

1*

# OF T R A N S A C T I ONS Do w n 10 0 % Y O Y / D ow n 100% QOQ

----

A VG D A Y S O N T HE M A R KE T Do w n 10 0 % Y O Y / D ow n 100% QOQ

AVER A GE $ /S F

T H E M E T R OP OL IT A N

$1400

$1200

$1000

$800 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$811/ S F

$ 9 4 0 /S F

$1068/ S F

All Data From SFARMLS

$119

96/ S F

----

A VG P R I C E PER S QUA R E F OOT Do w n 10 0 % Y O Y / D ow n 100% QOQ

----

A VG S A L ES P R I C E Do w n 10 0 % Y O Y / D ow n 100% QOQ

BUYER D EM O GRA P H IC

T H E M E T R OP OL IT A N Q1

*TH E O NLY C LO SE D TRAN SAC TI O N I N 2 0 1 8 Q1 WA S A B E LO W M ARK E T RATE UN I T .

STAN D ARD DE V IA T ION = $ 1 2 8 . 0 7

$ 1 3 2 4 /SF

$ 1 4 5 2 /S F

$1580/ S F

15

ON E R IN CON H I L L /

425 1ST, 489 HARRISON

All Data From SFARMLS

5204 | $3,700,000 (3BR) $1900/sf

4603 | $1,850,000 (2BR) $1448/sf

4206 | $1,899,000 (2BR) $1534/sf

3905 | $890,000 (1BR) $1254/sf

3102 | $2,388,000 (2BR) $1648/sf 2902 | $2,645,000 (3BR) $1342/sf 2705 | $879,000 (1BR) $1238/sf 2302 | $1,760,000 (2BR) $1345/sf

1602 | $1,895,000 (2BR) $1448/sf 1305 | $840,000 (1BR) $1183/sf

SOL D

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I N CO N TRA C T

17

ON E R IN CON H I L L /

425 1ST, 489 HARRISON

6

# OF T R A N S A C T I ONS Up 5 0 % Y O Y / U p 5 0 0 % QOQ

79

A VG D A Y S O N T HE M A R KE T Up 5 5 % Y O Y / U p 4 2 6 % QOQ

AVER A GE $ /S F

ON E R IN CON H IL L

$1500

$1300

$1100

$900 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$803/ S F

$ 1 0 1 3 /S F

$1223/ S F

All Data From SFARMLS

$143

33/ S F

$1,412

A VG P R I C E PER S QUA R E F OOT Up . 6 % Y O Y / U p 5 . 1 % Q OQ

$1,947,500

A VG S A L ES P R I C E Up 4 4 % Y O Y / U p 7 7 % Q OQ

BUYER D EM O GRA P H IC

ON E R IN CON H IL L Q1

C A S H BU Y E R LO A N BU Y E R UN KN OWN

STAN D ARD DE V IA T ION = $ 2 0 9 . 9 3

$ 1 6 4 3 /SF

$ 1 8 5 3 /S F

$2063/ S F

19

MILLEN N IU M T O W E R /

301 MISSION

55A | $5,650,000 (2BR)

12J | $1,420,000 (2BR) 906 | $1,500,000 (1BR) $919/sf

401 | $4,660,000 (4BR) $1222/sf 304 | $1,435,000 (2BR) $1120/sf

303 | $1,329,000 (

All Data From SFARMLS

) $2088/sf

45C | $2,600,000 (2BR) $1623/sf 42E | $2,400,000 (2BR) $1400/sf

33E | $2,399,000 (2BR) $1400/sf

25A | $1,200,000 (2BR) $1323/sf

12A | $2,150,000 (2BR) $1454/sf 11H | $750,000 (1BR) $1126/sf

$1176/sf

9C | $1,700,000 (2BR) $1074/sf

(1BR) $953/sf

SOL D

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I N CO N TRA C T

21

MILLEN N IU M T O W E R /

301 MISSION

2

# OF T R A N S A C T I ONS Up 1 0 0 % Y O Y / N o C h a n g e QOQ

29

A VG D A Y S O N T HE M A R KE T Up 1 0 0 % Y O Y / D o w n 4 2 % QOQ

AVER A GE $ /S F

M IL L E N N IU M T OWE R

2200

$1800

$1400

$1000 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$ 2 7 /SF

$ 4 6 2 /S F

$897/ S F

All Data From SFARMLS

$133

32/ S F

$1,017

A VG P R I C E PER S QUA R E F OOT Up 1 0 0 % Y O Y / D o w n 2 6 % QOQ

$2,930,000

A VG S A L ES P R I C E Up 1 0 0 % Y O Y / U p 6 2 % QOQ

BUYER D EM O GRA P H IC

M IL L E N N IU M T OWE R Q1

C A S H BU Y E R LO A N BU Y E R UN KN OWN

STAN D ARD DE V IA T ION = $ 4 3 5 . 2 7

$ 1 7 6 8 /SF

$ 2 2 0 3 /S F

$2638/ S F

23

ON E H A W TH O R NE /

1 HAWTHORNE ST

All Data From SFARMLS

24A | $2,150,000 (2BR) $1360/sf

20B | $790,000 (1BR) $1416/sf

14F | $1,850,000 (2BR) $1340/sf

SOL D

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I N CO N TRA C T

25

ON E H A W TH O R NE /

1 HAWTHORNE ST

3

# OF T R A N S A C T I ONS N o Chan g e Y O Y / N o C h an ge QOQ

113

A VG D A Y S O N T HE M A R KE T Up 1 3 1 % Y O Y / U p 2 3 % QOQ

AVER A GE $ /S F

ON E H A WT H OR N E

$1400

$1200

$1000

$800 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$864/ S F

$ 1 0 0 5 /S F

$1146/ S F

All Data From SFARMLS

$128

86/ S F

$1,372

A VG P R I C E PER S QUA R E F OOT Up 2 2 % Y O Y / U p 1 2 % Q OQ

$1,596,667

A VG S A L ES P R I C E Up 3 3 % Y O Y / U p 1 7 % Q OQ

BUYER D EM O GRA P H IC

ON E H A WT H OR N E Q1

C A S H BU Y E R LO A N BU Y E R UN KN OWN

STAN D ARD DE V IA T ION = $ 1 4 0 . 8 8

$ 1 4 2 7 /SF

$ 1 5 6 8 /S F

$1709/ S F

27

W ATERM A RK /

501 BEALE

17G | $2,495,000 (3BR) $1832/s

All Data From SFARMLS

sf

17F | $1,695,000 (2BR) $1503/sf

12H | $1,988,000 (2BR) $1712/sf

SOL D

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I N CO N TRA C T

29

W ATERM A RK /

501 BEALE

0

# OF T R A N S A C T I ONS Do w n 10 0 % Y O Y / D ow n 100% QOQ

----

A VG D A Y S O N T HE M A R KE T Do w n 10 0 % Y O Y / D ow n 100% QOQ

AVER A GE $ /S F

WA T E R M A R K

$1800

$1600

$1400

$1200 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$348/ S F

$ 7 2 0 /S F

$1092/ S F

All Data From SFARMLS

$146

65/ S F

----

A VG P R I C E PER S QUA R E F OOT Do w n 10 0 % Y O Y / D ow n 100% QOQ

----

A VG S A L ES P R I C E Do w n 10 0 % Y O Y / D ow n 100% QOQ

BUYER D EM O GRA P H IC

WA T E R M A R K Q1

NO C LO SE D TRAN SAC TI O N S I N 20 1 8 Q1

STAN D ARD DE V IA T ION = $ 3 7 2 . 3 0

$ 1 8 3 7 /SF

$ 2 2 0 9 /S F

$2582/ S F

31

LUM IN A RES A L E S /

318/338 MAIN, 333 BEALE, 201 FOLSO

D33E | $3,299,000 (3BR) D32E | $3,295,000 (3BR) D30B | $6,285,000 (3BR)

D25F | $2,099,000 (2BR)

D21D | $1,225,000 (1BR)

C8E | $2,349,000 (2BR)

C3B | $1,640,000 (2BR)

C3F | $1,069,000 (1BR) C3C | $1,280,000 (1BR)

All Data From SFARMLS

OM

SOL D

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I N CO N TRA C T

33

LUM IN A RES A L E S /

318/338 MAIN, 333 BEALE, 201 FOLSO

1

# OF T R A N S A C T I ONS Up 1 0 0 % Y O Y / D o w n 6 6 % QOQ

102

A VG D A Y S O N T HE M A R KE T - - - - % Y OY / U p 1 1 3 % Q O Q

AVER A GE $ /S F

L U M IN A

$1500

$1300

$1100

$900 2017 Q2

2017 Q3

2017 Q4

2018 Q1

PRI CE P ER S Q UAR E F OOT DIST R IB U T ION | 4.1.17 - 3.31.18

$338/ S F

$ 6 5 3 /S F

$967/ S F

All Data From SFARMLS

$128

OM

81/ S F

$1,403

A VG P R I C E PER S QUA R E F OOT Up 1 0 0 % Y O Y / U p 2 2 % QOQ

$1,225,000

A VG S A L ES P R I C E Up 1 0 0 % Y O Y / D o w n 1 3 % QOQ

BUYER D EM O GRA P H IC

L U M IN A Q1

C A S H BU Y E R LO A N BU Y E R UN KN OWN

STAN D ARD DE V IA T ION = $ 3 1 4 . 1 8

$ 1 5 9 5 /SF

$ 1 9 0 9 /S F

$2223/ S F

35

2018 Q1 SOL D S /

ONLY BUILDINGS IN THIS BOOK

Address

BR

BA

Status

Status Date

1 Hawthorne 20B

1

1

Sold

3.6.18

1 Hawthorne 14F

2

2

Sold

2.22.18

1 Hawthorne 24A

2

2

Sold

1.24.18

333 1st N602 (bmr)

1

1

Sold

3.14.18

425 1st 1305

1

1

Sold

1.2.18

425 1st 3905

1

1

Sold

2.9.18

333 Main 4K

1

1

Sold

3.9.18

338 Main 21D

1

1

Sold

2.27.18

425 1st 2302

1

2

Sold

3.19.18

425 1st 4603

2

2

Sold

2.23.18

338 Spear 31A

2

2

Sold

3.8.18

338 Spear 35E

2

2

Sold

3.6.18

425 1st 2902

3

3

Sold

2.6.18

425 1st 5204

3

3

Sold

3.28.18

All Data From SFARMLS

DOM

SF

List Price

Sold Price

$/SF

34

558

$799,000

$790,000

$1,416

3

1,381

$1,860,000

$1,850,000

$1,340

301

1,581

$2,495,000

$2,150,000

$1,360

24

713

$387,491

$387,491

$543

82

710

$875,000

$840,000

$1,183

123

710

$988,000

$890,000

$1,254

11

832

$899,000

$915,000

$1,100

102

873

$1,275,000

$1,225,000

$1,403

7

1,309

$1,790,000

$1,760,000

$1,345

36

1,278

$1,898,888

$1,850,000

$1,448

46

1,275

$2,099,000

$2,099,000

$1,646

1

1,340

$2,245,000

$2,245,000

$1,675

20

1,971

$2,695,000

$2,645,000

$1,342

205

1,947

$3,899,000

$3,700,000

$1,900

37

72 T OW N S END /

72 TOWNSEND

74

# SO L D N E W CON S TR U C TI O N

# RE M A I N I N G N E W CON S TR U C TI O N

SOLD OUT

709 | $1,325,000 (2BR) $----/sf

100 | $1,570,000 (1BR) $502/sf

All Data From SFARMLS

A VG P R I C E PER S QUA R E F OOT N E W CO N S TR U C TI O N

$1,185 2

A VG A BS O R P T I O N N E W CO N S TR U C TI O N

903 | $2,650,000 (3BR) $1687/sf 808 | $1,505,000 (2BR) $1367/sf

SOL D

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I N CON TRA C T

39

THE H A R RIS O N /

401 HARRISON

# SO L D N E W CON S TR U C TI O N

# RE M A I N I N G N E W CON S TR U C TI O N

A VG P R I C E P ER SQUA R E F OOT N E W CO N S TR U C TI O N

A VG A BS O R PT I O N N E W CO N S TR U C TI O N

150+ 148 $1,512 6.4

All Data From SFARMLS

45C | $2,825,000 (2BR) $1778/sf 42A | $3,135,000 (2BR) $1688/sf 41D | $4,500,000 (2BR) $2309/sf 38E | $2,649,000 (2BR) $----/sf 36D | $2,618,000 (2BR) $2019/sf 35D | $2,500,000 (2BR) $1928/sf 34B | $2,035,000 (2BR) $1551/sf

30C | $2,255,000 (2BR) $1690/sf 28G | $1,145,000 (1BR) $1511/sf 25C | $2,020,000 (2BR) $1514/sf 24F | $1,326,000 (1BR) $1598/sf 22A | $1,094,000 (1BR) $1302/sf 20E | $2,077,000 (2BR) $1674/sf 19G | $1,040,000 (2BR) $1278/sf 17A | $1,055,000 (1BR) $1256/sf 16H | $1,056,000 (1BR) $1391/sf 13H | $988,000 (1BR) $1302/sf 11H | $967,000 (1BR) $1274/sf 8A | $995,000 (1BR) $1185/sf 7B | $845,000 (1BR) $1137/sf

SOL D

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I N CO N TRA C T

41

181 FREM ON T /

181 FREMONT

# IN CONTRACT N E W CON S TR U C TI O N

# RE M A I N I N G N E W CON S TR U C TI O N

A VG P R I C E P ER SQUA R E F OOT N E W CO N S TR U C TI O N

A VG A BS O R PT I O N N E W CO N S TR U C TI O N

28+ 49 $2,400+ 1.3

All Data From SFARMLS

69B | $14,000,000 (2BR) $4376/sf

63D | $4,370,000 (2BR) $2713/sf 62C | $3,325,000 (2BR) $2635/sf

SOL D

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I N CO N TRA C T

43

CO M IN G S OO N /

NEW CONSTRUCTION

T HE AVERY

4 8 8 FOL S OM

# O F S T O R I ES

56

# OF CONDOS

118

A R CHI TE CT

SA LE S B EGIN

This rendering is not drafted to correct scale.

OMA June

THE F O LS O M B A Y T OWE R

# OF S T O R I ES

39

# OF C O N D O S

235

1 6 0 FOL S OM

A R CH

Studio Gang

SA L E S B EGIN

2019

45

W HO YOU W O R K W I T H M A T TE R S /

361+

# O F T R A N S A C T IONS L AS T 1 0 Y E A R S

T OTA L S A L ES V O LUM E L AS T 1 0 Y E A R S

PAUL HWANG IS

$416,227,889 ~ 30%

% O F O F F M A R K ET SA L E S 2017 - 2018

S OUTH B EA C H TOT AL SAL E S V OL U ME

2015 - 2018

P A U L HWANG | $103, 060, 0 0 0

2nd H i ghe st A g e n t

3rd H ig he st A g e n t

$0M

$40M

$80M

$120M

All Data From SFARMLS

RANKED #1 AGENT IN SOUTH BEACH 8 YEARS RUNNING

# SO L D A T T H E INF I NI TY P A UL IS #1 A T TH E I N F I N ITY

A V G S O U T H BEA CH SOLD $ / SF 2016 - 2018

MA RK ET I N G $ S P E NT ON P R I NT 2017

107+ $1,399 $23,000

T EST I M O N I A LS "Paul do e sn’t j us t k n o w th e m a r k et f o r h i gh e n d c o n d o s i n SF, he i s t he m ark et. " - Is a a c “ Beca use he i s so wel l c o n n ected i n S o u t h B e a c h , P a u l w a s able t o sho w o ur u n i t to a p r o s p ec ti ve b u y e r t h e v e ry n e x t day a nd r e c e i v e d a n o f f er th e d a y a f ter t h a t . W e c l o s e d es crow l e ss t ha n 10 d a ys a f ter o u r f i r s t me e t i n g w i t h Paul!” - Ric h “ I have so l d m a n y h o m es i n m y l i f e a n d P a u l H w a n g i s t h e bes t I’v e e v e r dea l t wi th . H i s a d vi ce a n d re s p o n s i v e n e s s are u nsur pa sse d . H e k ep t m e ver y i n f o r m e d a f t e r e v e ry s howi ng (a nd I ha d m a n y s h o wi n g s ) . I wa s d e l i gh t e d w i t h my ult i m a t e sal e a n d h o w h e h a n d l ed th e t ra n s a c t i o n . H e we nt abo v e a nd b eyo n d i n ever y wa y a nd h i s s t a f f d i d t h e s ame, c r e at i ng gr ea t m a r k eti n g b r o ch u r e s t o h e l p w i t h m y s ale -- e v e n t he sa l e o f m y f u r n i s h i n g s . I w o u l d re c o mme n d Paul a nd hi s t e a m wi th o u t r es er va ti o n a n d w h e n I re t u rn to Sa n Fr anc i sc o to b u y a g a i n h e wi l l b e m y a ge n t . ” - B e ck y

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