Archstone and other assets included under LCPI are "fair valued" on 3.855B?
5) The commercial real estate portfolio was valued as of December 31, 2011 adjusted for cash activity from January 1, 2012 to March 31, 2012 except for Archstone position that was marked up due to a change in estimated recoveries as of
March 31, 2012. Amounts reflected in the "Fair Value / Recovery Value Change" column represent adjustments for the Company's judgment as to fair value and include the changes in valuation on assets encumbered to another legal entity
which has the economic interest.
Page 31. BS
Real State 9.58B
If everything is valued on that way, we should multiply these numbers by 3 to say the least.