The Towers
No, there really is no work being done due to the Central Bank’s lien on the property.
Took a tour of the property with Mr. Derby. At first, I walked over this tape which was attempting to prevent people from walking around the building and to the pool.


We went into the lobby, spoke with the friendly employees we know. Walked around the whole outside. This is the lobby ceiling.


I will let you assess for yourself how the outside looks. Missing doors, windows, and the roof is not complete.






These two containers are full of new doors and windows


New accounting building is finished


Penthouse #806. Still wide open. No doors.


8th floor hall


A unit on the 4th floor, and the model for how the destroyed 7th and 8th floors will be repaired.


Stainless appliances and a new countertop


The maintenance building and parking lot


All light poles are down, so two temporary lights have been brought in to run at night in the lot


Roof debris, and pool is still empty


The lower floors that were not destroyed, this is how the furniture is being stores. All placed into center of room and covered


Take from these pictures what you will. I toured the property last week, and Pat toured this week. We both had the same conversation with Mr. Derby. IMO 2019 is not looking good. Yet, we are still expected to pay our MF’s. They are adhering to our contracts and making the units whole again (7th and 8th floors), and repairing the remaining. We are expected to adhere to the contracts as well.
While I do understand the “act of God” clause, I do NOT agree with having to pay or continue waiting for something the property Owner did that got him in trouble with the Central Bank.