Look, the whole crises with Lehman revolves around liquidity and not about the quality of the its assets. Therefore if those assets go on sale it will a great investment opportunity. I can't wait to see the registration statement for the spin off and the details of the assets. Moreover, the whole crises, if you call it that, in commercial real estate is one of financing and not fundamentals of oversupply and rent growth, retail in some markets is an exception.
Lehman is expected to complete the spin off in Q1 09.