If the value at purchase was $163M, what did the value appreciate to at today’s real estate rates? In those areas I think an estimated 40-80% cumulative appreciation over the past 7 years. Therefore, the $163M may now be worth $228M-$293M. So, the investors now own the $228M-$293M worth of investment, plus they’ve received $78M backed from the original. Their ownership % hasn’t changed. He’s also probably not referencing their tax savings utilizing the depreciation.
@RedWavePress Why don’t they just opt for the cheaper electronics companies offering other gadgets? Free market leaves freedom of consumer choice… did I miss something? They don’t HAVE to buy the expensive stuff.
@patrickbetdavid Brother, I respect your opinion but you can’t leave out late 90s early 2000s. There was certainly some trash coming at that time but classics too. 50, Em, Jay, Dre, Kanye, Nelly (Country Grammar), early TI, Ludacris, Cash Money, list goes on.