[AsburyPark] Re: more on the fund...

2008-11-19 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: Very interesting (maybe boring for some), but from this read, $60m (that number again) seems that was MM.s money, then this pension system, Jan 2007, kicked in $125m (25%). Dan would be the best to comment I guess.

[AsburyPark] Re: more on the fund... and on MM

2008-11-19 Thread dsher4
We have to be careful what we wish for here. The disaster scenario would be MM pulls out of Asbury and nobody else steps up to take over the project because other real estate opportunities are trading at distressed prices now but don't have nearly the risk that Asbury has. Or MM funds for

[AsburyPark] Re: more on the fund...

2008-11-19 Thread oakdorf
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote: No, you don't want them to leave town, otherwise you might wind up with the old beer banner signs that graced the buildings on the boardwalk... Very curious though on the terms of investments in the fund. There could be a

[AsburyPark] Re: more on the fund... and on MM

2008-11-19 Thread nobepeymay
--- In AsburyPark@yahoogroups.com, dsher4 [EMAIL PROTECTED] wrote: We have to be careful what we wish for here. The disaster scenario would be MM pulls out of Asbury and nobody else steps up to take over the project because other real estate opportunities are trading at distressed