You can write down vacancy but boot reduced rent. Reduced rent lowers asset value on book too because the need present value of the series of rent payments is reduced. Also, selling forces then to reduce the kids while also driving down price of their remaining holdings. But, once they start selling, it seems like it will be dominoes
You can write down vacancy but boot reduced rent. Reduced rent lowers asset value on book too because the need present value of the series of rent payments is reduced. Also, selling forces then to reduce the kids while also driving down price of their remaining holdings. But, once they start selling, it seems like it will be dominoes