As we discussed at that time, Maguire is a highly indebted REIT that is barely cash flow breakeven. Since that wr?-itup,? e the company has practically eliminated all recourse debt and corporate guarantees so MPG may loose some valuable properties in the process but each mortgage is independent so a cash flow positive core will always survive.
As we discussed at that time, Maguire is a highly indebted REIT that is barely cash flow breakeven. Since that wr?-itup,? e the company has practically eliminated all recourse debt and corporate guarantees so MPG may loose some valuable properties in the process but each mortgage is independent so a cash flow positive core will always survive.