> look at private equity as sort of like a bacterial infection
This is honestly fair given bacteria’s ecological role as digesters/recyclers. There are probably better things to do with Red Lobster’s locations and people than serving terrible seafood.
And what's more likely, that they do that or that they leave a bunch more dead real estate for at least several years while they hold out for more money?
If Red Lobster can't pay their rents then the market is saying they should be dead. Presumably the owners of the properties wouldn't ask for those rents if that wasn't what the market would bear. Of course some properties sit idle for a while; there's going to be an optimal rate of that that isn't zero.
This is honestly fair given bacteria’s ecological role as digesters/recyclers. There are probably better things to do with Red Lobster’s locations and people than serving terrible seafood.