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How many corporations do you think might be underwater on their RE loans?

The AT&T Tower has sold in St. Louis for just $3.55 million (around $2/sqft), it was sold for over $205 million in 2006

How many corporations do you think might be underwater on their RE loans? >The AT&T Tower has sold in St. Louis for just $3.55 million (around $2/sqft), it was sold for over $205 million in 2006

(post is archived)

[–] • 3 pts

AT&T sold it in 2006 and leased it until 2017.

Looks like it was sold for about $4M in 2022, so whomever held it at that time took the haircut.

[–] • 1 pt

Considering its location, someone paid too much!