[riahi]

The argument I’ve seen is that management of these companies is heavily invested in commercial real estate themselves, so corporate management has a conflict of interest in RTO in that it benefits their personal investments rather than the company.

[derf_]

Management is usually heavily compensated via the stock of the company they are managing, precisely to align incentives and overcome conflicts of interest like that.

[cyanydeez]

But it's pretty clear these CEOs leverage their assets to invest in things they can directly use to make liquid. They can't sell their stock options but they can take out loans and get real estate.