If his history holds, he'll continue using the Retail side to bulk up and bolster the Real Estate side, then sell or liquidate the Retail side and hedge against the Real Estate side's value to get into something even shadier.
Brad
I'm starting to wonder when the bottom will fall out of the "real estate" side. Malls are increasingly depopulated.
Its been an interesting experience going to the mall (I think we go about 3 times a year.) Never crowded, except in Chic-fil-A.
I'm curious how much longer the "anchor" stores can hold on. I am almost always there for my wife to stop by Bath and Body Works or some such. We'll look in the anchor stores, but I can't remember the last time I bought anything in one. (As in, I can remember buying stuff there, but I'm not sure if those purchases 8+ years ago were the last time.)
I do know I haven't made a major purchase in a mall in more than 10 years.
How much longer will those real estate holdings have value if the profitability of retail space is shrinking?