Wednesday, 22 May 2019

Abu Dhabi’s Chrysler crash

Two months after the Chrysler Building was put up for sale in January, Aby Rosen, the flashy developer and co-founder of RFR Realty, emerged as the buyer behind a $151 million deal that surprised many seasoned real estate professionals. The building’s seller, a secretive sovereign wealth fund known as the Abu Dhabi Investment Council (the Council), took an 80 percent discount on the $800 million investment it had made more than a decade earlier. The […]



source https://therealdeal.com/issues_articles/abu-dhabi/#new_tab

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