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I think this is a very similar strategy to what Eddie Lampert did with Sears. Through a network of companies and controlling stakes, Lampert took possession of
by quaquaqua1 7y ago
I think this is a very similar strategy to what Eddie Lampert did with Sears. Through a network of companies and controlling stakes, Lampert took possession of Sears, sold its assets to his own fund, and then leased the buildings to other tenants.
It's a very interesting network of financial engineering that really is quite intricate since I imagine commercial real estate is a very supply-constrained market, which is why they can charge such high rent with seemingly not much value provided.