Given the challenging acquisition market we are pleased to have acquired these outstanding properties. We continue to focus our growth in high growth and high barrier to entry markets. We currently have over $600 million of potential acquisitions in various stages of due diligence, and are optimistic about our ability to execute our acquisition strategy.
We believe our disposition program is tracking well as we have a number of properties under contract or letter of intent to sell at this time. The proceeds from these sales will provide us the opportunity to recycle capital and lessen our need to raise new equity.