Quite a lot of distinguished hedge funds have just lately acquired stakes, though it is unclear which have approached Macy's management with real property proposals.

However guidelines of thumb haven't any relevance for professional actual estate investors to set the acquisition value.

He is a former entrepreneur, industrial mortgage banker, business actual property dealmaker and business lender. coach during a divorce Macy's first quarter earnings name on May thirteen, Chief Financial Officer Karen Hoguet addressed the corporate's actual estate strategy, suggesting that some estimates valuing its belongings have been completed "over simplistically." Based on its final annual report, Macy's property has a guide worth of $7.8 billion.

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After getting his PhD, Saiz was hired in 2003 as an assistant professor on the College of Pennsylvania's Wharton School