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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (47209)	12/13/2005 6:29:19 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

Anybody want to take a shot at the meaning of this. Just got this as I'm on the mailing list. This lottery for PDX's Pearl District's Metropolitan was held in early November. 52 fully executed over a month later? The Metropolitan Lottery Update Lottery Results and Status of Sales First and foremost, we would like to express our gratitude to all community members who attended The Metropolitan Grand Preview event. We were pleased that so many community members joined us in celebrating the unveiling of Portland’s most luxurious new condominiums. We would also like to thank those who participated in The Metropolitan lottery sales process. Our staff has rigorously worked at navigating an unprecedented level of immediate interest, and we have been communicating with lottery entrants as quickly as possible. We thank you for your patience and for supporting a sales process that has been fair and systematic. Out of 480 lottery entrant hopefuls, 200 names were drawn and contacted about purchasing residences in the 136-unit multiuse building. The process resulted in 52 fully executed sales agreements and 46 pending agreements. This means that 22 units remain available in The Metropolitan. We are taking a more traditional approach as we sell the last of these luxury residences and innovative live/work units. Please give us a call if you are interested in obtaining details about availability at the Metropolitan.