you can dispose at any time, for some value. If you have some scope of time to use it and at the end of this time try to sell it, it is called terminal value, such as a used car.
Terminal value can be negative, say you can't find a buyer and have to pay tax, or it costs you a lot to tear it down, or it has pollution issues.
换一下讨论重点:抛开讨论closed end fund的优缺点,大家觉得政府办公大楼的出租前景如何?现在WFH的趋势长远来说会不会也成为政府办公的趋势?
if they decide to get a new building you will have something worth nothing.
You have a large involvement of investment, return is not too good, and no exit strategy. A big NONO.
you can dispose at any time, for some value. If you have some scope of time to use it and at the end of this time try to sell it, it is called terminal value, such as a used car.
Terminal value can be negative, say you can't find a buyer and have to pay tax, or it costs you a lot to tear it down, or it has pollution issues.