cortlande towne center sold for 78 million, page-12

It was sold at 40% discount to replacement value. Now the question is if the book value was same sa replacement value or much less. Anyway the way sp is I think if they sell enough properties & reduce the gearing, sp will be in a better shape as that will ensure better stability & dividends.

I will even be happy if CNP swallowed CER & paid CER holders reasonable % of NTA say 60%.