[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "Jack Pitzer" <[EMAIL PROTECTED]> wrote: > > Perhaps a Facebook group could help? > If change is a possibility, I think the city would need to see how many people actually care > about this. A few of us won't make a difference, but a few hundred might. > == So its you and I Jack so far - I know there are others who care, speak up again, contact me. Werner 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
Perhaps a Facebook group could help? If change is a possibility, I think the city would need to see how many people actually care about this. A few of us won't make a difference, but a few hundred might. --- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "justifiedright" > wrote: > > > > Newbie you don't think the relationship between gay and straight > > people in Asbury Park is an important topic with meat on it? > > > > They just held a symposium on the subject at Monmouth College which > > was covered in the Press. > > > > Not important for us though? > > > > Well excuse me for discussing an issue you personally find so > > terrible unimportant. > > > > So how about those beachfront lights then? > > > === === > > There's a form of that word 'personal..' again. One has to wonder > about double standards. > > As to the LIGHTS . I'll bite AGAIN... > > A few posts back the question was asked about what can be done about > intrusive lighting. I've posted numerous resources on the topic. > > Well here's my offer, anyone willing to seriously address the issue > kindly contact me privately by email or phone and if we can get a core > group together we may be able to effect some positive change in the > way things are handled. > > There you go, an open invitation, . > > Werner > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "justifiedright" <[EMAIL PROTECTED]> wrote: > > Newbie you don't think the relationship between gay and straight > people in Asbury Park is an important topic with meat on it? > > They just held a symposium on the subject at Monmouth College which > was covered in the Press. > > Not important for us though? > > Well excuse me for discussing an issue you personally find so > terrible unimportant. > > So how about those beachfront lights then? > == There's a form of that word 'personal..' again. One has to wonder about double standards. As to the LIGHTS . I'll bite AGAIN... A few posts back the question was asked about what can be done about intrusive lighting. I've posted numerous resources on the topic. Well here's my offer, anyone willing to seriously address the issue kindly contact me privately by email or phone and if we can get a core group together we may be able to effect some positive change in the way things are handled. There you go, an open invitation, . Werner 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
Newbie you don't think the relationship between gay and straight people in Asbury Park is an important topic with meat on it? They just held a symposium on the subject at Monmouth College which was covered in the Press. Not important for us though? Well excuse me for discussing an issue you personally find so terrible unimportant. So how about those beachfront lights then? --- In AsburyPark@yahoogroups.com, "New Beetoap" <[EMAIL PROTECTED]> wrote: > > I have to agree with that - I just went through another 50 or so > posts with no meat on them. > > What is it with the members of this group - love to divert things > away from the issues you all face - and they are serious from what I > can tell. > > --- In AsburyPark@yahoogroups.com, "wernerapnj" > wrote: > > > > > > ... Is there any intelligent life here? > > > > After months of Political horror, followed by Religious/Holiday > > browbeating. We are now looking at reams of posts on > > accommodations and alleged [EMAIL PROTECTED]'s. > > > > Just when the discussions were getting to the most critical issues > in > > Asbury Park, the Budget and Redevelopment, the tide is turned again. > > > > A pattern reveals itself... Every time the discussion returns to > > Asbury Park centric issues, baiting and trolling ensues. Inevitably > > someone takes the bait and, zooom... to the moon... the topic gets > > hijacked and off to the ozone it goes. > > > > One need only look at the archives and the usual suspects become > > evident. One has to wonder what the motivation is for steering the > > board constantly away from critical issues? > > > > Coincidence, or an underlying plan to instill discord and avoid > > specific topics? I'm all for open discussion but the pattern is too > > obvious to ignore. > > > > My concern for Asbury Park's future motivates me to ask everyone > take > > a hard critical look at the state of the City, the Budget, > > Redevelopment... > > > > Please make that a priority instead of endless debates. > > > > Werner > > > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
I have to agree with that - I just went through another 50 or so posts with no meat on them. What is it with the members of this group - love to divert things away from the issues you all face - and they are serious from what I can tell. --- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote: > > > ... Is there any intelligent life here? > > After months of Political horror, followed by Religious/Holiday > browbeating. We are now looking at reams of posts on > accommodations and alleged [EMAIL PROTECTED]'s. > > Just when the discussions were getting to the most critical issues in > Asbury Park, the Budget and Redevelopment, the tide is turned again. > > A pattern reveals itself... Every time the discussion returns to > Asbury Park centric issues, baiting and trolling ensues. Inevitably > someone takes the bait and, zooom... to the moon... the topic gets > hijacked and off to the ozone it goes. > > One need only look at the archives and the usual suspects become > evident. One has to wonder what the motivation is for steering the > board constantly away from critical issues? > > Coincidence, or an underlying plan to instill discord and avoid > specific topics? I'm all for open discussion but the pattern is too > obvious to ignore. > > My concern for Asbury Park's future motivates me to ask everyone take > a hard critical look at the state of the City, the Budget, > Redevelopment... > > Please make that a priority instead of endless debates. > > Werner > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote: > > > I appreciate the high finance experience of those discussing the MM > funding sources. > > However, could someone put it in more locally relevant terms? Is it > possible to determine in reality how much MM or APartners for that > matter has invested in Asbury Park? > I uploaded an excel file outlining what I think are all of MM's purchase of Wesley Grove. I get $35M. Some more $ could be hidden somewhere else. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote: > > > I appreciate the high finance experience of those discussing the MM > funding sources. > > However, could someone put it in more locally relevant terms? Is it > possible to determine in reality how much MM or APartners for that > matter has invested in Asbury Park? I uploaded an excel file to the files section (stjames sales). I've isolated what I think are MM's purchase of the Wesley Grove. The total there seems to be $32M. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
We own CSCO not BLK and i was more just making a point --- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > --- so what do we have a BUY on CSCO and BLK for long term? > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- so what do we have a BUY on CSCO and BLK for long term? 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
I appreciate the high finance experience of those discussing the MM funding sources. However, could someone put it in more locally relevant terms? Is it possible to determine in reality how much MM or APartners for that matter has invested in Asbury Park? Also what has been the net change in the City's financial picture since that investment? A premise of Redevelopment is that the public is giving up some of its rights and assets in order to leverage other people's (developers) money for the public's benefit. On balance what have the parties realized? - Investment/Profit to date of APartners? - Investment/Profit to date of MM - Profit to date of the City as result of the first 2 By all accounts the City has taken a beating - a $13M deficit - can we put numbers to all this locally? For example: - Change in tax Ratable base - Change in fees revenue - Change in Sewer charges - Change in etc. I think its important to look at the past 7 years, one reason I asked for the prior budgets - no reply to that ? Werner 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
I guess the real question for all of us is whether they have further capital to put to work and if the AP investment was done by MM for MM or through one of their other investment vehicles. Another thought, perhaps Gary was saying that MM put up the 60 million in cash for the fund using no leverage but the fund itself has leverage. --- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "dsher4" wrote: > > > > This is the quote from the piece "The Fund will see 350 million of > > equity capital commitments and target a gross internal rate of > > return of 18% with leverage representing n more than 70% of total > > portfolio cost. So leverage was used. > > > > Maybe leverage was used for that fund and perhaps it was if it was for > other acquisitions. But Mottola's remarks in the press release suggest > no debt on the $60M invested in AP. I assume that means the BW and > Wesley Grove because $60M is not in the BW alone. > > "We have spent $60 million so far on just the boardwalk and > entertainment venues and have no debt on this," Mottola said. "In > today's market, being debt-free is very important. > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "dsher4" <[EMAIL PROTECTED]> wrote: > > This is the quote from the piece "The Fund will see 350 million of > equity capital commitments and target a gross internal rate of > return of 18% with leverage representing n more than 70% of total > portfolio cost. So leverage was used. > Maybe leverage was used for that fund and perhaps it was if it was for other acquisitions. But Mottola's remarks in the press release suggest no debt on the $60M invested in AP. I assume that means the BW and Wesley Grove because $60M is not in the BW alone. "We have spent $60 million so far on just the boardwalk and entertainment venues and have no debt on this," Mottola said. "In today's market, being debt-free is very important. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
Be careful using stock prices to talk about the strenght or lack thereoff of a company. In a bear market most stocks get hit very hard. Cisco is one of the worlds most dominant companies, has a huge cash balance and nothing to do with CDO's mortgages etc, and has corrected from 34 to 14. The guys at Blackrock are very good. --- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "dsher4" wrote: > > > > Also, BlackRock Realty and the Harvard Endowment are two of the most > > sophisticated alternative investment investors in the world. > > And Blackrock was the darling of the street. But like the rest of the > now public co's (and don't look real hard why they went public) from > their high of around 250 or more, they are now around 100 and have alot > of issues in their closet. > > But thanks for adding some expert advice on what that really means. > 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
This is the quote from the piece "The Fund will see 350 million of equity capital commitments and target a gross internal rate of return of 18% with leverage representing n more than 70% of total portfolio cost. So leverage was used. --- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "dsher4" 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 > > > > MM said it was debt free so there is no leverage. I certainly have > seen my clients' leveraged IRRs be very high, higher than their equity > partners. But when this fund was put together it was the days when > even the equity was borrowed. > > I do not think they are seeing an 18% IRR > > > > > > > --- In AsburyPark@yahoogroups.com, "oakdorf" wrote: > > > > > > --- In AsburyPark@yahoogroups.com, "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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "dsher4" wrote: > > > > Also, BlackRock Realty and the Harvard Endowment are two of the most > > sophisticated alternative investment investors in the world. > > And Blackrock was the darling of the street. But like the rest of the > now public co's (and don't look real hard why they went public) from > their high of around 250 or more, they are now around 100 and have alot > of issues in their closet. > > But thanks for adding some expert advice on what that really means. > BlackRock's role in the crisis By jim Created Oct 31 2008 - 11:39am BlackRock CEO Larry Fink is dominating the headlines like he did a few months ago, when it seemed like he was a candidate for every high-profile open CEO position. His firm is playing an active role as the bailout industry gears up. BlackRock has been hired by AIG, Lehman Brothers, Fannie Mae and Freddie Mac--not to mention the Treasury Department. Fortune notes the irony: "Keep in mind that 25 years ago [Fink] was an early and vigorous promoter of the CMO (collateralized mortgage obligation). Today the CMO and other asset-backed securities have become the monsters responsible for the credit crisis." In some ways, that's unfair. You can't blame him for the recent decisions at some investment banks. He has his company poised to profit from the bailout process, and that strikes some as an enviable position. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- 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 > MM said it was debt free so there is no leverage. I certainly have seen my clients' leveraged IRRs be very high, higher than their equity partners. But when this fund was put together it was the days when even the equity was borrowed. I do not think they are seeing an 18% IRR > > --- In AsburyPark@yahoogroups.com, "oakdorf" wrote: > > > > --- In AsburyPark@yahoogroups.com, "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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "dsher4" <[EMAIL PROTECTED]> wrote: > > Also, BlackRock Realty and the Harvard Endowment are two of the most > sophisticated alternative investment investors in the world. And Blackrock was the darling of the street. But like the rest of the now public co's (and don't look real hard why they went public) from their high of around 250 or more, they are now around 100 and have alot of issues in their closet. But thanks for adding some expert advice on what that really means. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
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" wrote: > > > > --- In AsburyPark@yahoogroups.com, "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/
[AsburyPark] Re: Knock, Knock...Hellooo....
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" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > > READ the link to the Pennslvania PERS and their decision to invest $125m in the MM Retail > Enhancement Fund. > > My read is that it was a "blind" investment and if not used , does it have to be returned? > > OK, There. AP related as it has to do with MM. Got a real response? > === Link to the info please ? Werner 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
--- In AsburyPark@yahoogroups.com, "justifiedright" <[EMAIL PROTECTED]> wrote: > > The topic of gays and straights accomodating one another is an Asbury > Park topic, because "The List" excludes stright people. > I bought up the topic: 1. since ap "is gay friendly" 2. since there are intelligent people on the board that can address the issue from BOTH sides. I thought it was related. And I think the condition of the markets directly impact the city budget redevelopmetn and more. READ the link to the Pennslvania PERS and their decision to invest $125m in the MM Retail Enhancement Fund. My read is that it was a "blind" investment and if not used , does it have to be returned? OK, There. AP related as it has to do with MM. Got a real response? Bait. 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/
[AsburyPark] Re: Knock, Knock...Hellooo....
The topic of gays and straights accomodating one another is an Asbury Park topic, because "The List" excludes stright people. Naturally a national issue along the same lines is going to spark a little debate about how Asbury Parkers handles the same issue locally. It may not be an issue that interersts you, but that doesn't mean it isn't an Asbury Park issue. It is. Stop calling Oakdorf a troll for bringing it up. --- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote: > > > ... Is there any intelligent life here? > > After months of Political horror, followed by Religious/Holiday > browbeating. We are now looking at reams of posts on > accommodations and alleged [EMAIL PROTECTED]'s. > > Just when the discussions were getting to the most critical issues in > Asbury Park, the Budget and Redevelopment, the tide is turned again. > > A pattern reveals itself... Every time the discussion returns to > Asbury Park centric issues, baiting and trolling ensues. Inevitably > someone takes the bait and, zooom... to the moon... the topic gets > hijacked and off to the ozone it goes. > > One need only look at the archives and the usual suspects become > evident. One has to wonder what the motivation is for steering the > board constantly away from critical issues? > > Coincidence, or an underlying plan to instill discord and avoid > specific topics? I'm all for open discussion but the pattern is too > obvious to ignore. > > My concern for Asbury Park's future motivates me to ask everyone take > a hard critical look at the state of the City, the Budget, > Redevelopment... > > Please make that a priority instead of endless debates. > > Werner > 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/
