Based on her valuation, ' masneeded to recommend how to bid on the portfolio. One option was to bid separately for h property sh considered a good investment. The other possibility VW hnup with ME\" entire portfolio Dimas needed to get this rightan investment in the Golden State Portfolio would represent a signicant increase in the holdings of Orrington Financial. As she opened her spreadsheet program to begin her valuation analysis, she remembered a caution her real estate nance professor had often repeated: "Skilled nancial analysts can make a spreadsheet justify anythingso think carefully about your assumptions." She had already started thinking about her own assumptions for the property nancials and needed to nalize them. However, even with all of her experience, she had never dealt with a government seller and the nonmarket factors associated with its motivation to enter into a sale-leaseback