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Industrial RE Anon
@YOCspread
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just working for the man
California, USA
Joined September 2012
Yeah and how are investors going to look at it too. Similar to some of the crazy Amazon buildings that are not traditional industrial buildings. The loans are backed by the credit of the tenant more than the underwriting of the income. I think the terminal value of the land is almost 0 considering it’s so far out.
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@barrettjoneill Totally. The deferred maintenance is the boogeyman which will come get all these owners eventually. That and if rental growth slows.
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