just before the gfc alot of reits LVR was around 50 -60%..
then gfc came and blew them out to 80% and above..with some underwater. (Over 100%)
i wouldn't worry much about the details of individual assets as they are usually cross securitized. The main thing is LVR and CAP rates.
Ann: FY20 interim results and revised FY20 guidance, page-12
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