This presentation provides information on a real estate company’s recent acquisitions and their flagship project, 77 Greenwich. The construction of 77 Greenwich is fully funded, and the project follows a Guaranteed Maximum Price Contract. The residential component of the building is expected to have high value due to its unique features and views.
The company also owns other assets such as a strip mall in West Palm Beach and a retail box in Paramus. It has federal and state net operating loss carry forwards, which can be used to offset income or gains. The management team is experienced and incentivized through stock-based compensation.
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