Our property with a Walmart store has arguably declined 25% in value in the last six months. But cash-flow hasn’t changed.
By John E. McNellis, Principal at real estate developer McNellis Partners, for WOLF STREET:
Years ago—beset by the Great Recession—one of Tennessee’s finest developers shook his head at his financial statement and drawled, “My net worth’s gone down by half, but my cash flow’s the same.” He wasn’t…