RE:RE:Bam buying shares of BPYExactly. So their view of NAV is still $27 USD or $35 CAD. Now there are people who think that the value of the NAV should be discounted, and I get that. But from their perspective, they have all this real estate they want to develop. It would be difficult to otherwise acquire all that real estate now and they have "partners" who want out for 1/2 historic acqusition costs ~book valule - This essentially gives a zero valuation to their retail. Plus all the debt is non-recourse. So you get the option of all the retail for free here. This should be a no-brainer. It especially was at $10-13 CAD.