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ctbeagle18 t1_iy6bv37 wrote

Namdar Realty Group which owns the mall is bad news. They buy distressed malls and do absolutely nothing with them except let them decay. I don't know how that generates revenue for them, but something is strange about it.

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AMC4x4 OP t1_iy6j0gr wrote

Right. Not understanding this is probably the reason I'll never be wealthy.

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quaffee t1_iy6uuab wrote

It doesn't generate revenue, but they can claim depreciation on these properties and reap a tax benefit.

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