Did anybody else see this article:
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1185247551179970.xml&coll=7
According to it, Peter Stott invested $13 million into the brewery blocks, which just sold for $291.6. I wonder how much he profited, and if that means any more donations to PSU Athletics. Thinking about typical cap rates on real estate development (12-15%), and the time it was invested (8 years), he could be looking at proceeds from the sale of $32-40 million, or a return of $19-27 million. Cha-Ching
Shoot, why not just peel of a cool million to donate?
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1185247551179970.xml&coll=7
According to it, Peter Stott invested $13 million into the brewery blocks, which just sold for $291.6. I wonder how much he profited, and if that means any more donations to PSU Athletics. Thinking about typical cap rates on real estate development (12-15%), and the time it was invested (8 years), he could be looking at proceeds from the sale of $32-40 million, or a return of $19-27 million. Cha-Ching
Shoot, why not just peel of a cool million to donate?