"'I'm just sort of stunned at how thin it is in terms of supporting this $30 million valuation that seems to be almost pulled out of the ether,' said Eric Sussman, who teaches real estate and accounting at UCLA’s Anderson School of Management. He noted a lack of relevant comparable sales or financial analysis in the appraisal, but also pointed to the building photos. 'There are no amenities, no common areas. It looks like a very rundown motel. It doesn't even pass the smell test at a very superficial level.'”
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12/10/2020
KCRW: "How a city-funded homeless housing project became a sink hole for public money"
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