The Mortgage Bankers Association sells its headquarters building, in the District of Columbia, at a 45% loss, losing 33,700,000 “dollars” on its investment. MBA was forced to sell because of a drop in membership and increased financing costs.
NOTE: What goes around comes around.
[added 3/6/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Mortgage Bankers Association Sells headquarters at Big Loss – WSJ.com
www.wsj.com/articles/SB10001424052748704829704575049111428912890