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No pivot!
The Compound and Friends
What Happens to Commercial Real Estate Prices?
The post pandemic reality of people working three days a week you're just inherently going to have smaller footprints and that's what keeps me from buying these office rates. On paper the ones that don't have horrible balance sheets they look ridiculously cheap but I don't know what the multiple for these should be. This adjustment could take a decade though because these leases are so long.
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