RE:A lot of explaining to do?I'd be happy to see NAV marked down to $30 or even $28. It would be a more honest value in my opinion and would make it easier for Dream Office to sell properties. I don't think it's realistic that anything appraised before Summer 2022 carries an accurate appraisal in today's market when any properties being appraised before then would not have foreseen this many interest rate hikes.
It seems like the best way to unlock value for unitholders would be to sell off assets for some discount to appraised value. Mr. Cooper didn't seem particularly attached to some of his non-Toronto real estate in a video he gave a few months back on Bloomberg. Maybe we could start there.