- Mar 31, 2010
- New Babylon
Zerohedge article: http://www.zerohedge.com/news/2017-...fficers-quit-july-amid-ongoing-pension-crisis
a $200m luxury apartment building in Dallas, luxury Hawaiian homes, a tract of undeveloped land in the Arizona desert, Uruguayan timber, the American Idol production company and a resort in Napa.
one such questionable real estate investment involved a piece of undeveloped land in the Arizona desert near Tucson which was purchased for $27m in 2006 and subsequently sold in 2014 for $7.5m.
Excellently poor asset management! Good job fellas...