RE:RE:Poor quality properties & management Have you ever heard of something called autocorrect? Small errors tend to happen, despite your pathetic attempt to discredit a valid point. I’m sure your 12 year old is smart enough to agree that this reit is garbage, unlike yourself. Do you actually have anything intelligent to say?
For anyone else out there who is not in denial, please take a look at their financials & property portfolio.
At the end of 2019, BTB had ~$11M of available liquidity (~$2 mln in cash), with 2020 debt maturities and principal repayments of $127M. Liquidity now stands at $-116M!!! Lenders will most certainly impose strict financing conditions.
Press the link & examine their “mishmashed” portfolio. Clearly there is no consistent strategy, while management’s sole focus has been to increase CF at shareholders’ expense.
https://www.btbreit.com/real-estate-portfolio/ FYI, English is not my first language.