Re: Perspective
I agree - if they were able to get that much of a premium on the junk properties, I would hope there's more premium on the core or strategic properties.
The weakness of the dollar against the Euro and Pound doesn't amount to much in terms of increase in value but does make the European properties more desirable to investors.
I don't mind the delay at all as I have a number of lots that go long term later this month and more in February and April. My big options exercise was on April 18, and while I hold other lots purchased last May, August and end of 2018 and early 2019 and even this morning, I get over the major short term hump on April 3 and 18.
So I'm hoping that a sale occurs late in April, which would fit into the deal with CLNY as to when the management termination fee must be paid.