Fuli Real Estate Investment Management Company has moved to its own property - No. 245 Park Avenue.
In the conference room, Lin Zuhui looked at the senior staff of both Chinese and foreign backgrounds and felt that this configuration was very good; many of the senior foreign staff inside were the former management of Olympia York Company, and they joined Fuli Real Estate Investment Management through Richman's introduction.
.
"Let's start the meeting. Let's talk about the project goals of 'Fuli No. 1' investment!" Lin Zuhui said calmly.
In late February, New Era Group successfully privately raised a US$500 million commercial real estate fund. Lin Zuhui handed over the fund to Fuli Real Estate Investment Management Company for management. Of course, Lin Zuhui was personally planning the investment direction.
Larry (Larry), Vice President of Fuli Real Estate Investment Management, reported: "Boss, according to the company's general investment direction, we have found a good project."
Lin Zuhui nodded and then motioned to continue. The so-called general direction investment is to give priority to commercial properties around New York University, and preferably retail properties, that is, shopping malls and shops. He plagiarized Buffett's idea and thought that the school could not be moved, so
The surrounding retail properties will naturally become prosperous soon.
Larry's serious report: "RTC Group (American Asset Restructuring Custody Company) revealed last month that a piece of retail property in a New York university town is planned to be sold. The property's current unlevered yield is 10% (that is, no loans)
Buy)."
The rate of return without a loan is 10%, which is actually low. It means that if you purchase it with a loan, minus the interest expenses, the rate of return may be even lower!
Just when Lin Zuhui felt that it was not particularly ideal, Larry's next words made his eyes light up.
"Through our investigation, we found that the largest customer of this retail property occupies 20% of the rental area, but they only pay US$5 per square foot in rent, while the average rent of other tenants is US$70 per square foot."
This is the method of driving traffic. The largest customer must be a large enterprise with its own traffic, so the original property owner made such concessions. This situation is very common in commercial real estate.
For example, the first few office buildings of London's Canary Wharf project also have a large number of ultra-low rent tenants. This is a necessary operation in order to promote the prosperity of the entire project.
Of course, there is no need for it in Xiangjiang. A 20% discount to big companies is already a big concession. But every inch of land in Xiangjiang is precious. The rent in Causeway Bay is twice that of Fifth Avenue in Manhattan.
Lin Zuhui immediately asked: "When will the largest tenant's contract end?"
Larry said: "Nine years to go"
At the expiration of nine years, it is impossible for this largest tenant to move out. After all, long-term old customers are a great asset. So, if the rent is based on 2001, the return rate in these nine years can be increased to about 35% in an instant
, because the rents of other tenants are also increasing during this period.
US$70 per square foot per month is too cheap, and shops in Causeway Bay are already around US$200-300. Once the US economy picks up (which should start this year), rents for retail properties near university towns will naturally increase.
Lin Zuhui nodded and said: "Keep talking, I am very interested in this project!"
Larry nodded happily and introduced the property's location, total area, and total selling price one by one.
The total is 90,200 square feet, and the selling price ranges from US$400 million to US$420 million.
A very ideal price! If the European and American economies hadn't been in recession for three or four years, it would be so cheap there.
Lin Zuhui, always decisive in his work, immediately asked: "Those of you who have experience in retail property management, please raise your hands!"
A number of Fuli's senior staff raised their hands one after another, as many as 70%. It seems that they are all senior staff with extensive experience in commercial real estate management. In fact, Chinese Land's commercial real estate management experience has also grown into a world-class team. In recent years, it has not only
We have introduced foreign management experience and formed our own management system according to the local conditions.
Lin Zuhui nodded and said, "Well, Vice President Larry will immediately take the lead and form a team to complete this transaction. This transaction can be loaned at 50%. When the time is right, we will reset the mortgage loan and optimize the profit margin."
Larry nodded happily and said, "Okay, we will complete it successfully!"
Next, Lin Zuhui arranged for everyone to continue searching for commercial real estate projects in Manhattan and discussed management aspects. During this period, Lin Zuhui's professionalism was an eye-opener for everyone, and they secretly sighed that Lin Zuhui was worthy of being the founder of the world's largest real estate company.
people.
For the US$500 million "Fu Li No. 1" private equity fund, Lin Zuhui's purpose is to increase the influence of New Era Group and himself in Hong Kong. The rate of return does not need to be too high. More than 15% per year can satisfy everyone.
.And there are many shareholders in this fund, including government officials and business celebrities. In short, they occupy the absolute core power of Xiangjiang.
If there is no accident, 40% (50% of the loan) of the US$500 million fund of 'Fuli No. 1' has been spent, and the remaining 60% of the fund only needs to be completed this year. As for the subsequent projects, Lin Zuhui asked everyone
Expanding the scope, retail properties on Fifth Avenue, Manhattan office buildings, and retail properties around universities can all be considered, but they need to be discussed and approved.
After a day's work, naturally the company of beautiful women is indispensable. Lin Zuhui and Monica went to a hotel in Long Beach for dinner.
During the dinner, Monica always looked at Lin Zuhui lovingly, her eyes were so hot, and her eyes were unique, as if they were seductive. At this time, Monica was still full of girlish style, but she was already
There is a trend towards developing sex appeal.
Lin Zuhui took the menu and ordered, and soon he was spending a lot of money. During this period, the waiter couldn't help but remind him, "Did you order too much?", which made Monica couldn't help but laugh.
"Thank you, we won't waste it!"
"Okay, sir!"
After the waiter left, Monica said with envy: "Hui, your English is great, it gives people a very official feeling!"
Lin Zuhui couldn't help but laugh and said: "I forgot, you speak rural English!" After saying that, he couldn't help but imitate Monica's earthy English, which immediately aroused the beauty's coquettishness.
This woman is very clingy and very dedicated in her relationship. She doesn’t care about Lin Zuhui’s romantic affairs. She only cares about whether her one-third of an acre of land can be plowed two or three times a month. This made Lin Zuhui couldn’t help but think of Monica.
The husband in the previous life cheated on her, and this woman was willing to give birth to a second child for him. It seems that women from all countries are the same.
Monica suddenly said: "Hui, how many languages do you know?"
Lin Zuhui thought for a while and said: "About ten languages, seven or eight of which I am proficient in, and the others can only communicate simple sentences. Of course, I should be pretty good at Italian now!"
Monica immediately caught the key point and said: "If I remember correctly, when we first met, your Italian language was only basic and relatively blunt. We have been dating for 2 years, and your Italian is already very good.
.”
Lin Zuhui nodded proudly, but what he said next made him almost spit out.
Monica continued: "You are proficient in seven or eight languages. Does that mean to me that you have dated lovers from seven or eight countries? After all, you are so busy and you still learn foreign languages. It must be because of women!
"After saying that, she looked at Lin Zuhui funny,
"I won't lie. To tell you the truth, you are the only foreign lover I have. I prefer studying because I don't want to waste my talents. So, do you understand?"
You're not lying!
Monica immediately believed it was true. Of course she would not know that Lin Zuhui's lovers were all Chinese except her.
"Actually, I have had similar troubles since childhood!" Monica said seriously.
Lin Zuhui started to suppress a laugh, which immediately aroused Monica's dissatisfaction. She said softly: "What do you mean, I haven't finished speaking yet?"
"Haha, no, no!" Lin Zuhui still didn't hold it in. He was an honest man and would not give up his honesty and high character for a woman.
"There must be! Tell me, otherwise you won't be able to touch me today!" Monica crossed her arms, just like the little girl.
At her age, she is young and beautiful. In a few years, she will develop into a mature and sexy woman, making people feel like they are buying one for two.
Lin Zuhui said frankly: "In my opinion, you are just beautiful, the most beautiful on earth, you can be called a 'ball flower'. As for wisdom, we have an old saying in China, called 'x big brainless', which can be described as
is you."
Monica is really not smart, to be honest!
But Lin Zuhui also wants to say that Monica actually has no connotation, only a good-looking skin, at least for now. She originally studied law in college, but ended up going to be a model. When she was a model, she wanted to act, but in the first film
The play has been criticized for being incomplete. At present, nothing has been accomplished. It is precisely because of this that the "Legend of Sicily" was a late bloomer in the previous life.
Seeing that Lin Zuhui was so honest, Monica was not angry and asked: "Then do you like me?"
Lin Zuhui naturally nodded honestly. He likes beautiful women. As long as she is not the kind of woman who likes to cause trouble for her, it doesn't matter whether she has any connotation or not, just a bare skin is fine.
Monica smiled with satisfaction, and then told how she was very troubled when she was a child because she was too beautiful.
This made Lin Zuhui admit that he had seen photos of Monica when she was a child, and she was indeed very beautiful. She is naturally even more beautiful now.
After dinner at the hotel, the two went directly back to Monica's villa in Long Beach. She doesn't usually stay there, but Lin Zuhui arranged for someone to clean and maintain it for her, so she can come and stay at any time.
As soon as the two returned to the villa, they immediately hugged each other. They didn't get together very often, so whenever they were together, they would have supper almost every night and have a lot of fun.
Monica took off her jacket, and she was wearing a very sexy suspender skirt underneath, revealing her good figure.
Lin Zuhui put his hand on her leg, gently pulled up the black stockings, and then released them. They were full of elasticity.
"Yesterday I was pure Monica, today I am sexy Monica, you are a ever-changing beauty!" Lin Zuhui said as he approached Monica.
When Monica heard the compliment, she lowered her hand dishonestly, and then said, a few centimeters away from Lin Zuhui's lips: "You are always so strong!"
"If I wasn't strong, how could I conquer Monica the Ball Flower!"
"I like this title, honey, love me!"
Thousands of words turn into power!
Monica has four treasures: lips, bears, pussy, and legs. Lin Zuhui tried these advantages very seriously. He was very gentle at first, as if he was appreciating a work of art; although he liked the work of art very much, he could still keep it.
In a 'gentlemanlike manner'.
He really likes this piece of art, but it’s not completely ‘his’ yet, so what should he do?
London gentlemen will tell you - grab! Wild man's grab!
Fight for her, and she will be yours!
Therefore, when Lin Zuhui discovered that this work of art did not completely belong to him, he had no choice but to tear off the disguise of a gentleman and engage in a wild fight.
"tear"
This is the sound of broken stockings, and this is also the sound of a gentleman tearing his face apart.
Then, there was the sound of cannons and guns - loud, loud, fiercer than the storm.