Master limited partnerships give their investors a direct ownership interest in a group of assets.
'It's unusual for a group of assets to come to the market like this.
For convenience, depreciation accounts are usually kept for groups of assets with similar characteristics and working life.
But, said Ryan Kavanaugh, the deal fell apart when Mr. Sands raised his price for the group of assets from perhaps $2 million or $3 million to as much as $7 million.
The sale was part of "Equitable's strategy to reduce its equity investments in real estate to a core group of assets," said Mary Beth Lally, an associate at Lend Lease Real Estate Investments in Manhattan, which advises the insurer on real estate.
In a sense, Mr. Wolff is living his preachings by trying to peel away New York magazine from Primedia, a disjointed group of assets that have been slowly sacrificed on the altar of synergy.
Utay offered about $40 million less in cash than the Rickettses, but the overall value of his bid was said to be $100 million more because Tribune would have retained about a 20percentt stake in the Cubs' group of assets.
At her first results presentation after taking over as chief executive in 1997, Dame Marjorie told the city she planned to double the share price within five years and set about rationalising a disparate group of assets.
And it still offers funding benefits, by widening access to sources of capital and enabling banks to achieve higher ratings on a ringfenced group of assets than if they were borrowing on their own account.Changes are needed.
These qualities comprise a handy group of assets for any party's battle cry & certainly to bemuse voters, gazing skyward, would stop to think that the words are aonly a fair-weather phenomenon, that their clean, white lines soon grow fuzzy along the edges & that eventuall the whole message, trails away with any wind that blows.
