2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.47

-0.2%

Dec 5 4:00 PM EST

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To: pezz who wrote (62445)	4/8/2010 5:58:43 AM
From: TobagoJack	of 218194

hello pezz, today's report: (i) sent in my co-investment commitment letter to existing real estate club effort to engage with project on hk commercial / waterfront buildings by securing 90% of property and closeout the remaining 10% owners, demolish the buildings per officialdom policy for win-win-win (sellers, investor/developer, neighborhood) - purchase price at 30-40% below current mkt, imputed current cap rate is 6.3% on cost - equiv. land cost comes to hkd 11k/sft - target equity multiple is 2.8 over 6 years elapsed time - will find out actual allocation determination, drawndown, etc etc april 12 - will find out if club is successful in securing 90% at end of april - lease term on land is up to up to 24 June 2842, some what beyond my time horizon ;0) (ii) read, appreciated and laughed at chanos re bloomberg.com "China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says" (iii) at leverage of 60%, and borrowing cost at usa 3-mth t-bill + 2%, the upside is good enough (iv) must play more with gdx and all its derivatives to help fund effort (v) do not see any hkg real estate bubble cheers, tj

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