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July 08, 2009

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benjie t.

Thanks for this, I hadn't seen it.

Michael Winer of Third Avenue Management had a great little piece in one of their mutual fund quarterly letters about their love for the ProLogis fund business model. Obviously that particular case crashed and burned, but the Public-REIT-as-GP format is quite clever.

http://thirdave.com/ta/documents/sl/shareholderletters-06Q4.pdf

-benjie t

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