Everyone disses wework and regus for having bad business modes. “Asset-liability mismatch” they say smugly, referring to the long-term lease they sign to get short term monthly rents. Buying a building on a 15 year loan and then renting it out 1-3 year leases is the same thing!
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Replying to @Molson_Hart
All of that is true, I would also add mission creep away from CW- starting a school, buying a $60m jet, investing in unrelated businesses cost money- oh and leasing large amounts of space at $100+ NNN in NY make the game of rent arbitrage tough
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Replying to @Bill_Darc
Buying the basque wave pool machine maker was a little mission creepy
6:45 AM - 20 Feb 2020
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