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• Case | HBS Case Collection | 2013

  Bonnie Road

  Arthur I Segel, John H. Vogel, Jr. and Lisa Strope

  Victor Alexander was intrigued by the packet of papers that lay in front of him. The papers comprised a brochure that GardenState Bank had put together in an effort to sell the Bonnie Road Distribution Center in Somerset, New Jersey, for $9.7 million. It was April 2013 and the New Jersey real estate market was recovering and the capital markets were in disarray. Alexander had convinced 10 friends to put up $200,000 each in addition to his own $200,000 to acquire one or two troubled properties. Alexander decided to focus on warehouse properties due to their relatively small size, their strong historical performance, and his relevant experience. He wondered whether Bonnie Road would make a good investment.

  Keywords: real estate; Investment; Acquisition; Buildings and Facilities; Property; Partners and Partnerships; Decision Choices and Conditions; Distribution Industry; Real Estate Industry; Texas;

  Citation:

  Segel, Arthur I., John H. Vogel, Jr., and Lisa Strope. "Bonnie Road." Harvard Business School Case 813-186, June 2013.

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• Case | HBS Case Collection | 2013

  Pinckney Street

  William J. Poorvu, Arthur I Segel, John H. Vogel, Jr., Lisa Strope and Erich Dylus

  Although inexperienced in real estate, Edward Alexander hopes in June 2013 that youthful enthusiasm and $240,000 in savings and inheritance will help him enter the real estate business. His experience chronicles the process of finding, evaluating, and acquiring a four-unit brownstone in need of renovation in the Beacon Hill area of Boston. The case also identifies the various players in the process. A rewritten version of an earlier case.

  Keywords: real estate; Acquisition; Investment; Housing; Real Estate Industry; Boston;

  Citation:

  Poorvu, William J., Arthur I Segel, John H. Vogel, Jr., Lisa Strope, and Erich Dylus. "Pinckney Street." Harvard Business School Case 813-182, May 2013.

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• Technical Note | HBS Case Collection | 2013 (Revised from original 2002 version)

  Real Estate Finance: A Technical Note Based on 'Bonnie Road'

  Arthur I Segel

  Supplement to (813-186).

  Keywords: real estate; Property; Distribution Industry; New Jersey;

  Citation:

  Segel, Arthur I. "Real Estate Finance: A Technical Note Based on 'Bonnie Road'." Harvard Business School Technical Note 803-030, May 2013. (Revised from original September 2002 version.)

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