Wednesday, April 22, 2009

GGP and asset sales

GGP says it does not want to sell core assets in its bankruptcy. But Retail Traffic correctly points out that many industry insiders don't think that can happen. And that makes sense to me. Look at the LTV of its portfolio and the amount of debt the company has to restructure.

In any event, read for yourself and make your own conclusions. And sharpen your due dilgence pencils.

1 comments:

denver real estate said...

Bankruptcy is really big problem. But it is not true that if anyone sell core assets, it will fall in bankruptcy.

 
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