Wednesday, June 02, 2021 11:04:26 AM
I disagree with your calculations about 1 building bringing $0.005, then 10 buildings would bring $0.05. If to get those 10 buildings, they need to add 5 billion shares, then the 10 buildings might still bring $0.005. I used a large number of shares, but you get the picture. There are a lot of variables to be considered. But as a first rough calculations, it isn't too bad.
To your point about the buildings managed by Granite, and formerly "owned" by Summit, it seems that a couple of those buildings appear to be owned by smaller LLC's, and they don't list Summit as the former owner, if I recall. So, those buildings are structured like the 1094 Military Trail LLC building, owned by smaller LLC's which Summit may have owned. Note also that at least one of the Greenville NC buildings mentioned earlier are about owning the building, and not the land associated with the building, if I read the tax records correctly.
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