Selling Apartments

[Landon Dolezal]

I know there has to be a rational explanation for why someone would sell their apartments. If they are making cash flow why would one sell such an asset? Its just something i'm curious about.

[Ned Carey]

Landon Dolezal there could be lots of good reasons - and some bad ones.

Trading up to a larger property
Retiring
Burnt out landlord
Strategy is to reposition apartment buildings and sell at a gain.
depreciation has run out
need for money for other projects
need money to resolve other problems

- Ned