RE:RE:RE:NAVs Meaningless in Current Reit EnvironmentWhen2buy,
I can't disagree with anything you said....then it looks like privatization (or as you say, "spin-in") of BPY is a "fait accompli".
If and when it happens, the launch of BPY back in 2014 was a total failure and I can only guess the offer will be fair to generous given the long term holders and how BAM and BPY talked up the NAV for years. You can't brag about your flagship real estate arm having an NAV of US$30 and then steal the thing for US$8 a few months later because of a "wuhan virus".
Therefore BPY is probably a BUY here. Lol.
Vette