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Re: When is signing day?
Posted: Sat Jan 08, 2011 12:28 pm
by gostangs
as far as I know we dont own RE directly - we have invested in several real estate related private equity managers. The exception could be the occasional gift - but those typically get liquidated since SMU is not set up to manage those.
Re: When is signing day?
Posted: Sat Jan 08, 2011 6:37 pm
by CalallenStang
gostangs wrote:as far as I know we dont own RE directly - we have invested in several real estate related private equity managers. The exception could be the occasional gift - but those typically get liquidated since SMU is not set up to manage those.
SMU does own some RE directly
http://smu.edu/realestate/
When is signing day?
Posted: Sat Jan 08, 2011 6:39 pm
by smupony94
That is what I was looking for
Re: When is signing day?
Posted: Sat Jan 08, 2011 8:08 pm
by CalallenStang
smupony94 wrote:That is what I was looking for
I can't find the Arizona golf resort so maybe they sold it, or maybe I am blind.
Re: When is signing day?
Posted: Sat Jan 08, 2011 9:13 pm
by RE Tycoon
I was familiar with the properties listed, but those are more strategic facility plays which are not operated in the same way an income producing/investment property would be, a la the mythical hotel.
When is signing day?
Posted: Sat Jan 08, 2011 9:15 pm
by smupony94
The hotel is not mythical
Re: When is signing day?
Posted: Sun Jan 09, 2011 10:19 am
by NickSMU17
Has anyone discovered the hotel?
Re: When is signing day?
Posted: Sun Jan 09, 2011 12:40 pm
by smupony94
NickSMU17 wrote:Has anyone discovered the hotel?
not yet, it is still mythical
Re: When is signing day?
Posted: Sun Jan 09, 2011 10:56 pm
by b_caesar
smupony94 wrote:NickSMU17 wrote:Has anyone discovered the hotel?
not yet, it is still mythical
And currently surrounded by other buildings that SMU owns east of 75...convenient that JJ's Monday lunches are held there, eh?
When is signing day?
Posted: Sun Jan 09, 2011 10:57 pm
by smupony94
Not really
Re: When is signing day?
Posted: Mon Jan 10, 2011 10:36 am
by RE Tycoon
b_caesar wrote:smupony94 wrote:NickSMU17 wrote:Has anyone discovered the hotel?
not yet, it is still mythical
And currently surrounded by other buildings that SMU owns east of 75...convenient that JJ's Monday lunches are held there, eh?
Not owned by SMU. I think the prior owner was Prescott, but they must have sold it or lost it to foreclosure last year (I'm going from memory because DCAD's history for the address links to the wrong property so I can't verify that Prescott owned it, or if it was a foreclosure or normal transfer).
Current owner is Trigate Capital which does invest institutional money, so maybe there is an SMU connection there. Trigate took out debt and there was a deed transfer date in late July or early August of last year. I think they got a pretty good price using a reasonable guess at what their equity requirement might have been.
Re: When is signing day?
Posted: Mon Jan 10, 2011 1:57 pm
by NickSMU17
What about this mythical Arizona resort? Do you know anything about that?
Re: When is signing day?
Posted: Mon Jan 10, 2011 3:56 pm
by RE Tycoon
NickSMU17 wrote:What about this mythical Arizona resort? Do you know anything about that?
Nope, but if it is the Biltmore or Phoenician, way to go SMU and I want an Alumni discount next time I stay there.
Re: When is signing day?
Posted: Mon Jan 10, 2011 4:25 pm
by NickSMU17
Is the Biltmore a good spot out there? Looking for a weekend vacation with wife and 9 month old...
When is signing day?
Posted: Mon Jan 10, 2011 6:12 pm
by Junior
NickSMU17 wrote:Is the Biltmore a good spot out there? Looking for a weekend vacation with wife and 9 month old...
Yes. Stayed there before.