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Case
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Reference no. CCW161701
Published by:
Columbia CaseWorks, Columbia Business School (2016)
Length:
55 pages
Data source:
Field research

Abstract

In the spring of 2010, Jeff Patterson, CEO and president of Prime Group Realty Trust (PGRT), found his company in a dire situation. The equity in the company was 'toast,' the preferred shares had traded below 10 percent of their original value, and the debt on the company’s primary remaining asset 330 North Wabash was about to default. Enter investment partner Five Mile Capital. In this case, students are presented with the financials, floor plans and press release relating to the deal and asked to evaluate the associated strengths and opportunities of the deal.

Topics

Real estate; Corporate finance prime group realty; Five mile capital partners; Riverview realty partners; Lightstone group; Ludwig Mies van der Rohe; Chicago; Hedge funds; Langham hotels; Hedgefunds
Industry:
Other setting(s):
2010

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