717 Fifth Avenue

4 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Sep 25, 2023 by Alan Forman · said 7 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Alan Forman (6), Ted Seides (1)

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2023 7 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about 717 Fifth Avenue, oldest first

Sep 25, 2023
Assertion Not publicly verifiable
Forman: Yale paid $14 million for 50% stake in 717 Fifth Avenue
“And believe it or not, we paid fourteen million dollars for a 50% interest in a Fifth Avenue asset, which is mind-boggling these days.”
Alan Forman Sep 25, 2023 ▶ 24:45 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023
Assertion Supported
Forman: Yale acquired full ownership of 717 Fifth Avenue for $60M total basis
“When they agreed to sell the deal for, I think, forty-seven million in the mid-nineties, Yale stepped up and matched the offer. So we're in the deal for sixty million bucks, and it was almost a 500,000 square foot asset.”
Alan Forman Sep 25, 2023 ▶ 25:18 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 positive
Assertion Not checkable as stated
Forman: Yale probably made $100 million redeveloping 717 Fifth Avenue
“We ripped off the front of the building and expanded it, and Yale probably made a hundred million dollars on the redevelopment.”
Alan Forman Sep 25, 2023 ▶ 26:43 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 negative
Disclosure
Yale endowment rejected Steve Jobs' pitch for the first Apple Store
“They wanted to open up their first Apple store in our building, and we were very close to wrapping up a deal with someone else. We spoke to Steve Jobs, and he explained his vision for the business, which, to be honest, is exactly what turned out to be the case…”
Alan Forman Sep 25, 2023 ▶ 27:29 Alan Forman – Yale Endowment Real Estate (EP.340)
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