Rob: As a real estate lawyer, we have occasion to run across TIAA -- we call them N.Y Teachers in my office and they are considered (i) huge, and (ii) very aggressive even for a retirement system, which are surprisingly aggressive as commercial mortgage lenders go. I'm not sure where they are in the pecking order of size (CALPERs, TRS, and others may be as large or larger) but they are a very big institution and, if they are indeed signed up to use eVWAP, as I was speculating on Yahoo, that would very very good news. I have no information on that one way or the other, and assume that ATG itself will be completely silent (as it consistently has been with regard to disclosing any of their institutional users other than alliances which they have formed with intermediaries like Sungard, Belzburg, MacGregor, etc., where it was the intermediary doing the announcing on a joint basis.) I do think that ownership of 100,000 shares of ATG common by any institution would suggest possible eVWAP enrollment by that information, but that is just an educated guess, no more than that.
MST |
