Maxhedge and Treit,
Max, I thought you framed your question very well and succinctly. It's an important question and now that its come to light I'd urge you to send this question to Chad so he can forward it to Solomon. It would be helpful to all if this question could be addressed openly at the Jordan Fund meeting. Presumably there is a coherent and feasible explanation at hand. But as Fernando and you note, the seeming peculiarity of the sale warrants further clarity from management. And I think your succinct way of framing the question might foster a response from management if indeed they were to receive your question.
Treit, thanks for your continued efforts to understand this company and for you willingness to share your musings with the rest of us. It provides, along with others, a helpful basis from which more refined perspectives can be reached. In this respect, I was hoping you could clarify a comment you made in response to Maxhedge's post. I have no idea what a "1031 exchange" is, but you were hypothesizing that perhaps the peculiarity of the sales transaction might entail a process similar to a 1031 exchange that is evidently done in the US. Or so I read your comment thus. So if you could fill out this concept a bit more I'd very much appreciate hearing it.
Thanks,
Steve
AI
