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[quote=Anonymous][quote=Anonymous][quote=Anonymous]That link is interesting but doesn't really address who is financing the $185M in renovation. To be clear, the article puts a valuation of $110M on the real estate but says that Whittle is putting $185M into renovating it (which seems preposterous).

No rational investor seeking financial return is going to put up $185M for a school renovation. It's absurd. Again, near as I can tell, they don't even own the building. So if they don't pay their rent, they lose the money. There is no way that the building landlords ponied up $185M in tenant improvement money.

The money absolutely had to come from someone motivated by something other than a financial return and that has the deepest of deep pockets.  Hard to see this as someone other than a nation state or quasi-government investment arm.[/quote]

The article is double dutch to me.  It suggests that the building's owner was involved in getting the $225Million in financing for the project.  Not sure why a property owner would be doing that, I guess they really need the tenant.  $170 million of that being a construction loan.  Much more than the value of the building.

Anyway, I agree that Chris Whittle has somehow charmed some very wealthy foreign investors with his elite education promises.  Would be nice to know who exactly.

[/quote]

Seems the Chinese have noticed that the DC Private School Bubble is unregulated and polices itself ....enter the offshore LLC[/quote]

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