OCS Rumors Swirling

[USFMikeB]

anyone have a cost idea for what it cost the bucs to tear down the mall and put up its facilities?

Irrelevant, as that mall had been closed for an extended period of time.

[Bullpride08]

Institutional Investors = FINANCIAL Institutions.  That means it will likely end up as an asset in an REIT.

Not to play devils advocate but the USF Endowment Fund is worth over $400m in assets, and that, my friend, is bigger than many mid-sized REIT's in the nation.  Furthermore because of USF's borrowing necessities the Fund has been rated, and has an extreme borrowing capacity.  Therefore, USF and it's components could be, and have been, construed as Institutional Investors many times.  I have seen much smaller and weaker financial institutions then USF's Endowment Fund.

[Bullpride08]

USF is not buying the university mall, it costs too much money, and it is sold in 6 parts, each part costs something like $100 million.  so there is no way USF is buying that lot.

Again, in risk of furthering this meaningless discussion, USF is extremely capable of buying the mall if the structuring and assignment is done in the proper manner.  USF's borrowing capacity is enormous, and one could see USF buying the mall (which could be put under contract then paid for in parcels which would be released as available to pertinent parties) and immediately parceling the site and selling large chucks to Moffitt, and Tampa General both of which have an extreme desire to buy land in the immediate vicinity and the county, city, and USF all have a fiscal need to insure those institutions can receive the necessary land to grow near campus.  

I think to many of you are taking light of the need for land to further the growth of the medical and physical components that make USF a powerful research center.  Remember we rent the land that Moffitt, the school, and all the other clinics that occupy USF.  If USF doesn't buy said Mall, they could also risk one of those institutions buying it for themselves and vacating USF.  If done right, it would be a winfall for USF.

[Rabbi Bull]

USF is not buying the university mall, it costs too much money, and it is sold in 6 parts, each part costs something like $100 million.  so there is no way USF is buying that lot.

Again, in risk of furthering this meaningless discussion, USF is extremely capable of buying the mall if the structuring and assignment is done in the proper manner.  USF's borrowing capacity is enormous, and one could see USF buying the mall (which could be put under contract then paid for in parcels which would be released as available to pertinent parties) and immediately parceling the site and selling large chucks to Moffitt, and Tampa General both of which have an extreme desire to buy land in the immediate vicinity and the county, city, and USF all have a fiscal need to insure those institutions can receive the necessary land to grow near campus.  

I think to many of you are taking light of the need for land to further the growth of the medical and physical components that make USF a powerful research center.  Remember we rent the land that Moffitt, the school, and all the other clinics that occupy USF.  If USF doesn't buy said Mall, they could also risk one of those institutions buying it for themselves and vacating USF.  If done right, it would be a winfall for USF.

ummm...this was told to me tonight by somebody we all look up to in the usf admin, but i won't say who it is on here.

[bullsmania]

Institutional Investors = FINANCIAL Institutions.  That means it will likely end up as an asset in an REIT.

OK Mike, I'll bite.  What's a REIT?

[Don Toro]

OK Mike, I'll bite.  What's a REIT?

According to google REIT stands for Real Estate Investment Trust.

[crambone]

I just want an OCS... >

[Paisa el Toro]

I'm 100% certain that "institutional investors" means "financial institution" and not "educational institution"...

Sorry, but I think that "institutional investors" is just vague enough for me to not lose hope on USF purchasing that property. Our school is expanding unbelievably fast; my gut tells me that this land purchase is in the works.

Another thing that leads me to believe that this is in the works is the new Hills. County commission's commitment to rezoning the areas between fletcher and fowler. 22nd st got rezoned a few years ago, and there are developers that have already purchased property to build $200K+ townhomes. At this time, I think they'll have a tough time selling homes with the crime rate as high as it is in that area; however, if USF has a hand in purchasing the mall it would make numerous parties (i.e. land developers and Hills. County) a lot of money. It's all public record, feel free to check it out and read between the lines. The Commission will be pushing big-time to increase the value of the land in that area; USF buying that property, does just that.

[Bullpride08]

USF is not buying the university mall, it costs too much money, and it is sold in 6 parts, each part costs something like $100 million.  so there is no way USF is buying that lot.

Again, in risk of furthering this meaningless discussion, USF is extremely capable of buying the mall if the structuring and assignment is done in the proper manner.  USF's borrowing capacity is enormous, and one could see USF buying the mall (which could be put under contract then paid for in parcels which would be released as available to pertinent parties) and immediately parceling the site and selling large chucks to Moffitt, and Tampa General both of which have an extreme desire to buy land in the immediate vicinity and the county, city, and USF all have a fiscal need to insure those institutions can receive the necessary land to grow near campus.  

I think to many of you are taking light of the need for land to further the growth of the medical and physical components that make USF a powerful research center.  Remember we rent the land that Moffitt, the school, and all the other clinics that occupy USF.  If USF doesn't buy said Mall, they could also risk one of those institutions buying it for themselves and vacating USF.  If done right, it would be a winfall for USF.

ummm...this was told to me tonight by somebody we all look up to in the usf admin, but i won't say who it is on here.

ummm, what was told to you?  That we're not buying it because it costs to much money?  Well, that might be the case from a pure cost perspective but that is not nearly accurate from a borrowing capacity, or an interest, and I would sincerely hope that person which told you doesn't work for the Endowment Fund, or in the Finance Department because they would understand better valuation models which would indicate feasibility and that whomever buys that large piece of land is looking at an enormous financial boon from selling it off to more institutional owner/tenant groups that need land in that area like Moffitt.

You stated something that was entirely inaccurate that it costs to much money...you do realize that the land USF occupies and owns is probably worth over a half-billion dollars in undeveloped value.  USF has the capacity to pull it off but it wouldn't make great business sense because it would probably tie-up to much capital with USF.

What would make great business sense is a JV with another institutional investor who purchases the real estate and immediately sells a large chunk to USF for personal uses, another chunk to Moffitt, and a third to say MOSI (who is looking for annexed land too).  Then, the joint venture takes some remaining slices on the exterior of the site and makes a killing selling out-parceled retail strip centers.  The retailers will clammor for spots knowing they have all this employment surrounding the site.

You don't actually believe Universities make all their money exclusively from tuition?  The better, larger Universities have numerous revenue sources that give the Universities greater resources and power.

[Bullpride08]

I'm 100% certain that "institutional investors" means "financial institution" and not "educational institution"...

Sorry, but I think that "institutional investors" is just vague enough for me to not lose hope on USF purchasing that property. Our school is expanding unbelievably fast; my gut tells me that this land purchase is in the works.

Another thing that leads me to believe that this is in the works is the new Hills. County commission's commitment to rezoning the areas between fletcher and fowler. 22nd st got rezoned a few years ago, and there are developers that have already purchased property to build $200K+ townhomes. At this time, I think they'll have a tough time selling homes with the crime rate as high as it is in that area; however, if USF has a hand in purchasing the mall it would make numerous parties (i.e. land developers and Hills. County) a lot of money. It's all public record, feel free to check it out and read between the lines. The Commission will be pushing big-time to increase the value of the land in that area; USF buying that property, does just that.

It isn't vague at all, USF and their Endowment Fund would fit the definition of an institutional investor.