Post by
garyreins on Feb 29, 2024 6:24pm
"Improve liqiduity"
Is the main goal that he keeps reapting. My question is "how far do you go", given we may start seeing some cuts. Also taking out mortgages for fixed is good to pay off credit facilities. Perhaps he is doing an orderly liquidation of the entire reit but will not fire sale office.
Comment by
ScroogeMcDuck1 on Feb 29, 2024 6:37pm
The mantra for real estate people is "stay alive till 25", and thats what I see. No need to dump things at fire sale prices nor re-jig your entire company. He prides himself as a value investor, which means a bit of patience and also being particular on prices.