Hey guys I want to give you a quick update. It's been such an interesting year. We started this campaign here to stay

to try to buy this property here in Hollywood Boulevard. We had an opportunity that we knew was a huge risk for us but

it's been exciting.

It's amazing over 6,000 people have given together and so many of them do not even come here to Hollywood, but they've joined us along the way.

And we've raised around $5 million.

Some of that was pledged, but over $4 million has actually been given in cash.

And what's incredible to me is that about a million of it has been raised here in

Hollywood.

Most of the money that has been given has been raised from outside of our community right here at Mosaic Hollywood.

And we've been negotiating for the whole year with the Frack and even though we're able to get some of the pricing

down from 24, then 20, and then the 19,

we just were not able to raise enough money. So this week we ended our negotiation for this property.

And I want to let you know that as of today we are not

buying this property and I needed to let you know as soon as we could it there's no

easy way to say that we've rallied together and have given ourselves this incredible

task.

We were just $15 million short.

But God always honors sacrifice, he always honors generosity.

And the first thing I did is I sent a letter to the people who gave a high amount of money

because I wanted to know ahead of time and it's amazing how people who

gave a great deal of money who don't even go to our campus all were emailing

going hey we didn't give the money just for that property.

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