[refurb]

It’s not insane.

Holding a ton of a cash locked up in assets is highly inefficient.

Google did this - sell a building they own and lease it back. Do something else with the money.

The nice thing about the lease is that it’s a tax deductible expense for the business, and if you no longer need it, just don’t renew the lease.

[romafirst3]

No I don’t mean the strategy, I mean selling the real estate for 7.5 years of rent. Usually the multiple is closer to 20x