They probably agree that it's better to own the building you are currently leasing (as per the article) to reduce costs and get an additional gain from any appreciation. It's not really any different than if you were to purchase the house that you've been living in and renting for the last 10 years, saving a couple hundred bucks a month in the form of a low interest rate mortgage coupled with no property management company/expenses, and then being able to sell it later, capturing any gain in the process. It's a solid business move. Essentially free money and adding a nice big chunk of additional revenue when/if they sell with essentially no change in business. Something they wouldn't be able to do if they continued leasing.
They probably agree that it's better to own the building you are currently leasing (as per the article) to reduce costs and get an additional gain from any appreciation. It's not really any different than if you were to purchase the house that you've been living in and renting for the last 10 years, saving a couple hundred bucks a month in the form of a low interest rate mortgage coupled with no property management company/expenses, and then being able to sell it later, capturing any gain in the process. It's a solid business move. Essentially free money and adding a nice big chunk of additional revenue when/if they sell with essentially no change in business. Something they wouldn't be able to do if they continued leasing.