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And what's more likely, that they do that or that they leave a bunch more dead real estate for at least several years while they hold out for more money?
by banannaise 2y ago
And what's more likely, that they do that or that they leave a bunch more dead real estate for at least several years while they hold out for more money?
- pfdietz 2y agoIf Red Lobster can't pay their rents then the market is saying they should be dead. Presumably the owners of the properties wouldn't ask for those rents if that wasn't what the market would bear. Of course some properties sit idle for a while; there's going to be an optimal rate of that that isn't zero.