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To: Will88

Grove Capital, the real estate arm of Soros Fund Management, put up a large chunk of the $160 million shortfall for the Trump Tower Chicago project in 2004. But I don’t see any mention of that in this 2008 WSJ piece.


15 posted on 04/17/2011 11:52:20 AM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: WhistlingPastTheGraveyard
Grove Capital, the real estate arm of Soros Fund Management, put up a large chunk of the $160 million shortfall for the Trump Tower Chicago project in 2004. But I don’t see any mention of that in this 2008 WSJ piece.

There are several unsupported and very specific assertions in this thread, including yours. I've seen mention that Grove Capital provided financing along with Deutsche Bank and others.

Were all those lenders making up "shortfalls", or just Grove, or were they all actually initial investors? From what I've read, they sound like initial investors.bailout of this Trump project.

Here's a little article. Sounds like an initial investment to me. Not a 'bailout' and not a 'shortfall'

Trump Tower Chicago

25 posted on 04/17/2011 12:09:56 PM PDT by Will88
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