Meet our subject - Block 216 in Portland, Oregon. Subject to a recent Supplemental Data announcement in its Q4-2024 financial results, Ready Capital disclosed liability related to this real estate holding. After this project advances to formal proceedings, I will release a white paper which chronicles the entire development. Having followed its history since before initial design concept and also helping to author the original winning proposal to represent the condominium units for a former client, we will discuss the psychological, political, financial, marketing, and design implications and how they all blended in concert to form the current framework for investors.
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