[mikeryan]

It's GSO-owned real estate. Most cities have seen a precipitous drop in office utilization post-COVID, and it's a weak market for selling commercial office space.

It's likely tax-exempt from property taxes, upkeep is likely minimal, and even empty office space is an appreciating asset. I'd be more surprised if it didn't exist.

[AzzieElbab]

Appreciation of the asset doesn't matter if you are leasing it. Neither does tax exemptions if you are the government.