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Jack Straw
@JackStr42679640
Goldman Sachs and Ballast are set to surrender 82 apartment buildings in San Francisco to lender Royal Bank of Canada, per Triple Net Investor.
They recently defaulted on loans totaling $687.5M The apartments were purchased between 2017 and 2020 for $704M ($587K per unit).
~T edit: Can you say, asset seizures?
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