[zoomablemind]

It seems that approach is a way to generate losses without actually losing the titles. These losses are needed to offset incomes elsewhere thus not paying taxes on profits.

Investment fund's commodity is value - the rest are just tools to optimize the value.

[SoftTalker]

In aggregate, the owners of these properties are investing to earn a return. Losses only lead to "not paying taxes on profits" if there are no profits. The overall portfolio has to be earning a risk-appropriate return or investors will go elsewhere.

[dh2022]

But if there are losses there are no profits. I am with SoftTalker on this one. I figure there are things I do not know that explains how this keeps happening even though my simplistic knowledge thinks it is not sustainable.