Quote Originally Posted by Dob Hooligan View Post
There is a concern going around that the rebuild cost is prohibitive, and they will not be able to continue.
This is just completely wrong. They already own the land so you’re probably looking at $150k-$170k per unit to build them and they’ll be easily worth $210k a unit once stabilized. Now they might not rebuild for other reasons but it won’t be cost. There’s class A apartments being built all over town.