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Jun 11 09:01 am
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All Comments by Roger C. Wren »Commercial Mortgage Servicers Extending Maturities: Big News for General Growth [View article]
It sounds like a sensible solution for a serious and growing problem. I imagine a whole flock of lawyers will bill big-time hours in bankruptcies fighting it but an impartial judge would see the logic of it. The General Growth bankruptcy may be the first major test since this is the basic plan of William Ackman, who controls about 25 percent of the stock and now is on the General Growth board.
Disclosure - I am long GGWPQ stock.