The $5.4 Billion Stuyvesant Town Gamble That Went Bust
Thanks, Leyla. Do you have a general view on real-estate investments starting at negative cash flow?
Personally, I stay away from deals with negative cash flow (even ones where it’s expected, e.g. ground up construction)
Thanks. Me too on the public side. That's why I'm not in WP Carey. Their CEO talks about GAAP yield in a way that implies initial negative cash flow would be fine.
Thanks, Leyla. Do you have a general view on real-estate investments starting at negative cash flow?
Personally, I stay away from deals with negative cash flow (even ones where it’s expected, e.g. ground up construction)
Thanks. Me too on the public side. That's why I'm not in WP Carey. Their CEO talks about GAAP yield in a way that implies initial negative cash flow would be fine.