Residential is holding its own. Lots of inventory available but prices aren't dropping like you would think. This is a commercial assets and it sold for 250M in 2012 and they can sell for $70M today. Needs about 120-160M in renovations to get it back up to market standards.

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wow. yeah, i've been wondering when that is finally going to hit and what the strategy will be for offloading that debt

I've seen some interesting back room arithmetic to "offload" the debt. Will be fascinating to see