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ohhh Morgan Stanley puking real estate

Started by marco_m
about 16 years ago
Posts: 2481
Member since: Dec 2008
Discussion about
The bank has been negotiating an “orderly transfer” of the properties since earlier this year, Alyson Barnes, a Morgan Stanley spokeswoman, said today in a phone interview. She declined to name the lenders. The buildings are held by Morgan Stanley’s MSREF V US Fund, she said. “This isn’t a default or foreclosure situation,” Barnes said. “We are going to give them the properties to get out of the loan obligation" sounds like a default situation..but hey you say tomatoe i say tomaatoe
Response by sidelinesitter
about 16 years ago
Posts: 1596
Member since: Mar 2009

or maybe more like a foreclosure situation, but maybe it's just me

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

hee hee

http://www.morganstanley.com/about/press/articles/3772.html

""Compelling investment opportunities continue to exist throughout the United States from improving property market fundamentals, secular demographic trends and take-private transactions," said Michael Franco, Managing Director and Head of MSREF U.S. "MSREF V U.S. generated tremendous investor interest raising nearly four times the equity capital of its predecessor fund MSREF IV Domestic in 2000." "

I think we have our douche of the week...

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Response by stevejhx
about 16 years ago
Posts: 12656
Member since: Feb 2008

Tomatoes have toes, but a tomato does not.

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