Archived posting to the Leica Users Group, 1998/12/09
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]You guys wrote: <<>>Ever notice that some of the biggest buildings are owned by insurance companies?<< <<Well, think of the economics of large buildings and of insurance companies. Large buildings pay off in time, a long time, but are a relatively certain bets. Life insurance companies NEED this sort of long-term, guaranteed income: So, of course insurance companies own, and finance, a lot of LARGE buildings.>> Just because the name on the outside says "Joe Blatzmo Insurance" does not mean THEY own the building. They may be the anchor tennant for the owner, and, because of that, they get the temporary sticker on the outside (temporary because it can easily be changed to another name.) I see Allstate on lots of buildings locally (albeit small ones) and know, for a fact, they are renting. I think State Farm is no. 1, and Allstate is no. 2 as insurance companies go here Stateside (or the other way 'round). I'd wager most insurance companies spread their assets across a wide and diverse set of investments, some short term, others long- but not, particularly or in specific, real estate.