Education:
Families await sharpest tuition increases in years
Real Estate:
Tom Barrack Says Tarp A Failure
tom-barrack-raises-900-million-for-distressed-real-estate-debt-fund
Please note that Mr. Barrack is the Founder, Chairman, and Chief Executive Officer of Colony Capital, LLC
The 2nd Largest Specially Serviced or Delinquent Loan:
Resorts AC- Hotel & Casino, Atlantic City, NJ
Hotel, 879 rooms
Owner, Manager or Sponsor: Colony Capital LLC
CMBS: CSF07T023
Current Thru: 10/9/2008
Current Ending Balance: $175 million
Servicer Comment: The loan was transferred to special servicing in December November 2008 payment being delinquent.
Hotel, 879 rooms
Owner, Manager or Sponsor: Colony Capital LLC
CMBS: CSF07T023
Current Thru: 10/9/2008
Current Ending Balance: $175 million
Servicer Comment: The loan was transferred to special servicing in December November 2008 payment being delinquent.
I'm using Colony Capital as an example of the current system. It is a possibility that the fund or entity that owns the above-referenced hotel will have a less than stellar investment return. However, Barrack is able to raise funds for another investment vehicle.
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