Also, BlackRock Realty and the Harvard Endowment are two of the most sophisticated alternative investment investors in the world. The fact that they are partnered with these types of people is a plus for sure because Harvard does tremendous due diligence.
--- In AsburyPark@yahoogroups.com, "dsher4" <[EMAIL PROTECTED]> wrote: > > Guys, > > Keep in mind that 18% IRR is on a levered basis. The unlevered > return is less than that. Also putting up 16% of the capital from > insiders is a healthy chunk of money. This does not seem like an > outrageous set of parameters. > > Dan S > > > > --- In AsburyPark@yahoogroups.com, "oakdorf" <oakdorf@> wrote: > > > > --- In AsburyPark@yahoogroups.com, "wernerapnj" <wernerapnj@> > > wrote: > > > > > > > > > > didn't say it HAD to be returned, but IS there that possibility? > > > > This is the Penn Retirement Systems summary of their decision to > > invest in the MM Retail Enhancement Fund. > > > > http://www.psers.state.pa.us/org/board/resolutions/2007/madison.pdf > > > > They way I read it, MM was looking at an 18% Internal Rate of > Return > > (IRR). If you really understand the purpose of IRR, then you good > for > > you. > > > > This is the document. I'm curious to here your and other people > with > > an underestanding of investments like this and what the MM Retail > > Enhancement Fund MIGHT be obiligated to do and if they have even > > tapped into the monies from this fund, or by reading the doc, it > > looks like MM had to put up $60m of their own money. $60m seems to > be > > the number being thrown around. > > > > It look like from the rad that Wells Fargo was also to be or was a > > contributor to this fund. > > > > > > > > Your thoughts? > > > ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
