{
  "docId": "019dd923-622c-750b-8b97-5ab109c5e2f7",
  "docSlug": "dd06256eb138",
  "documentTitle": "Vivion Investments S.à.r.l.",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-12-14 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 17,
  "pageCount": 39,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "other",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 18,
  "notes": "The slide presents property-specific due diligence findings regarding rent24's occupancy.",
  "elementsJson": [
    "photo",
    "paragraph",
    "data_table"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b97-5ab109c5e2f7/17",
  "deckHref": "/decks/019dd923-622c-750b-8b97-5ab109c5e2f7",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b97-5ab109c5e2f7.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b97-5ab109c5e2f7#slide-17",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Excluding the possibility that Vivion may need to find new tenants for seven of the eight floors, we assess the Q4 2022 occupancy by real, third-party commercial tenants as only 39%.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f42-76f3-adbd-1e1ccafa0333",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "x": 0.268,
        "y": 0.593
      },
      "kind": "image",
      "text": "Karl-Liebknecht-Straße 34",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51dfca77-9a91-4463-be23-a7c814e16c3e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "x": 0.268,
        "y": 0.192
      },
      "kind": "image",
      "text": "Potsdamer Straße 188-192",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6403690-8ae1-4ca8-b1bc-a38ab3fbe680",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "occupancy rate: 39%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-3f42-76f3-adbd-2367ecb8c389",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "x": 0.881,
        "y": 0.806
      },
      "kind": "paragraph",
      "text": "Karl-Liebknecht Straße 34 was a Top property in 2020 and 2021. Our site visit found it has 9 floors including the ground floor...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a5689ca-55eb-4f03-a8c0-4fa306b12ae9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "x": 0.881,
        "y": 0.215
      },
      "kind": "paragraph",
      "text": "This property consists of two addresses, Potsdamer Straße 188-192. It has consistently been a Top property from 2019 through H1 2022...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "58b79a42-bbfb-40c4-bd54-e9b5a6d7fc61",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "x": 0.881,
        "y": 0.461
      },
      "kind": "table",
      "text": "Potsdamer Strasse 188-192 - Occupancy Assessment table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83552f05-fedc-4d3e-a44d-72a4aeb51f40",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 24,
      "from": 13,
      "beatId": "bea4294c-3080-472e-b64c-c99fda51274c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The document presents evidence of Vivion's inflated financials",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}