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[quote=Anonymous][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 PP’s point about lack of financial motivation is an interesting one..  I also cannot get my head around the math unless the investors / nation state backers / quasi government investment arms care little about financial returns...

Rental rates in the Georgetown area average between $46 and $54 per sq/ft (https://www.squarefoot.com/dc/washington/office-space)!  Given the size of the building, that implies well over $30 million a year to the landlord, and that’s before expenses for faculty, staff, electricity, transportation, catering, recreation.  It will take a lot of undiscounted tuition paying kids or financial backers who are content to keep pouring money in to to cover those kinds of expenses[/quote]

Outrageously overpriced things usually can be explained by money laundering.[/quote]

Troll[/quote]

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