MarketWatch: The open secret in commercial real estate is that owners regularly take cash out of properties — here’s a look at how much
Shlomo Chopp, managing partner of CPS, a commercial real estate workout specialist, said it is the prerogative of property owners to take cash out of buildings. “If you increase the value of the property, you have the right to take cash out,” he told MarketWatch. “But we also live in a capitalist society. If you want the upside, you need to take the downside too.”