2110005 Informal Interpretation

She inberg, Samuel I.
From: 	HSR Help
Sent: 	Fr iday, October 29, 2021 12:02 PM
To: 	Walsh, Kat h ry n E. ; Sheinber g, Samuel I.; Six, An ne; Whitehead, Nora; Musick, Vesse li na; Shaffer, Kr istin
S ubj ect: 	FW: Si ze-of- Person Test - Income-producing property question - Ti me Se nsit ive
From: Berg, Ka r en E. <KBERG @ftc.gov>
Se nt : Fr iday, October 29 , 202112:01:44 PM (UTC-05:00) Eastern Time (US & Canada )
To:
Cc: 	e p < 	e p 	c.gov>
Subject: RE: Size-of -Pe rson Test - Income-producing property question - Time Sens it ive
Use the fu ll market value, w ithout regard to a mortgage.
From:
Se nt : 	urs ay, 	o 	r 	, 	: 0) Eastern Time ( US & Canada)
To: HSRHe lp < HSRHelp @ftc .gov>
Subject: Size-of -Pe rson Test - I ncome-producing property questi on - Time Sens it ive
Good afternoon!
We have a natu ral person UP E and are try i ng to determi ne w hether the size-of-person test is satisfied. He has income
producing property, but it is mortgaged. When considering the va lue of the income-producing property assets, do we
include the full market va lue or just the equity va lue?
Thanks!
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