Quote Originally Posted by dibble View Post
Selling assets to reduce debt and/or gearing only helps if you sell them for more than their value. Its all relative.
In this climate it would be rare to realise more than book value (and dont ignore sales costs).
I guess we might thus surmise this class of property company (syndicators in particular) is cash strapped and perhaps close to insolvency (to meet interest payments). One late paying low quality tenant could be the trigger.

That is a problem with property syndicates compared with Listed property companies. The listed property companies often have a large number of tenants so can withstand one tenant being unable to pay. Property syndicates often have only a few tenants and sometimes only one tenant.