Marwest Apartment Real Estate Funding Trust Proclaims Q2 2023 Outcomes And Enhance In Monthly Money Distribution Policy
There have been other issues that have been proposed, corresponding to conversion to a combination of retail on the bottom, lodge in the middle, multifamily on top. But actually, the reality is When we start speaking about any type of conversion scenario, it usually entails wiping out the fairness totally and usually a big chunk of the debt as nicely as a outcome of the conversions only work if the basis is sufficiently low. So right now, for any lease that’s roughly 10 years, the concession package is equal to about 10 months of free lease.
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