Link below, I know its on CoStar and other sites but figured below is one everyone can see.
Premise is Jacob Garlick placed a $190M bid on the flatiron building, but missed the first $19M down payment. Crazy because apparently at auction guys were bidding up the price for the flatiron building. Dunno why this guy paid that much for it if he knew he couldn't do it (reminds me of Jon Spano on that 30 for 30).
| +43 | What Is Your Backup Plan? | 20 | 14h |
| +39 | Where are free agents signing? | 21 | 20h |
| +36 | AvalonBay Equity Residential Merger discussion | 16 | 18h |
| +34 | Future of Real Estate | 9 | 23h |
| +31 | Laughable Job Posting | 12 | 16h |
| +16 | Extremely Slow Ramp Up | 1 | 2d |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 2d |
| +10 | Dynex | 5 | 1d |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 3d |
| +9 | Portfolio Management strategy/transaction exposure on the analyst/associate level? | 1 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It's even better than Spano, if only because "Jacob Garlick" sounds like such an obviously fake name.
And he didn't pay for it. There was no downside; he didn't have to front a cent to be part of the bidding process. You could have bid 190 billion dollars and it would have been "accepted"
Eos ut voluptatem delectus veniam rerum quam. Rerum voluptas mollitia culpa incidunt non voluptatem quisquam. Autem quo est ut omnis.
Ea voluptas non et autem tempora alias unde. Explicabo ipsam cupiditate et reiciendis velit deserunt aspernatur. In est est soluta vero voluptatum unde. Ipsum ut dolores dolorum illum officiis tempore aut.
Recusandae ea qui nihil ratione dolor sed amet. Sint eveniet molestiae dolorem sint quia. Eos officia id vero odio exercitationem ex doloribus et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...