Tim Barnes

📈🏢 Aby Rosen's RFR Holding is facing a staggering $2.5B debt bill as defaults pile up! 💥 🔎 According to a recent Bisnow article, RFR Holding, a prominent NYC real estate firm, is grappling with mounting debt and defaults. The company, led by billionaire Aby Rosen, has a portfolio of high-profile properties, including the iconic Seagram Building and Lever House. 🏢🏦 📊 The firm's debt load has surged to a whopping $2.5B, with $1.1B in loans maturing this year alone. 💸 The pandemic has hit the commercial real estate market hard, causing defaults to skyrocket. RFR Holding is no exception, with defaults on several properties, including the $200M mortgage on the Seagram Building. 📉 🗣️ "The pandemic has created a perfect storm for commercial real estate," said one industry expert. "Companies like RFR Holding are facing unprecedented challenges as they navigate this difficult time." 🌪️ 🔜 So, what's next for RFR Holding? The company is reportedly exploring options to refinance its debt and avoid further defaults. 💡 With the commercial real estate market showing signs of recovery, there's hope that RFR Holding can weather this storm. 🌞 Stay tuned for more updates on this developing story! 📰🔔 #RFRHolding #CommercialRealEstate #Debt #Defaults #NYCRealEstate

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🚨 California Bill AB-3129: A New Era for Health Care Transactions? 🚨 Thanks for the detailed note: Kathryn Edgerton, Deborah Daccord, Karen S. Lovitch The recently introduced California Bill (AB-3129) aims to curb the price increases and lower service quality often linked to such acquisitions. Key Highlights: 🔸 Mandatory Reviews: Private equity groups and hedge funds must notify the AG 90 days before any transaction involving a health care facility or provider group. The AG can extend this period by 45 days, potentially delaying transactions. 🔸 Conditional Approvals: The AG can grant, deny, or impose conditions on transactions if they are likely to have anticompetitive effects or significantly impact access to health care services. 🔸 Prohibitions on Management: The bill restricts physician and psychiatric practices from entering management agreements with private equity or hedge fund-controlled entities. Impact on Digital Health Adoption: The increased scrutiny could slow down the adoption of digital health solutions, as transactions involving tech investments may face delays and additional costs. However, it could also ensure that such innovations prioritize patient care over profit. Cost of Healthcare Provision: While the bill aims to control costs, the additional administrative burden and potential delays might increase operational costs for health care providers, which could be passed on to patients. Consolidation by PE Firms: The bill could deter private equity investments, slowing down the trend of consolidation in the health care sector. This might benefit smaller, independent practices but could also limit access to capital for necessary upgrades and innovations. 🤔 Should Other States Follow? While California's approach aims to protect patients from the negative impacts of unchecked acquisitions, it also introduces significant regulatory overhead. Other states should consider the balance between oversight and operational efficiency, learning from California's experience. This bill is a double-edged sword: aiming to protect patients but risking increased costs and delayed innovation. Other states should watch closely to determine the best path forward. #HealthcareReform #DigitalHealth #PrivateEquity #HealthCareInnovation #CaliforniaLegislation

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We are making the case for the other 95% of endowment assets. Read the latest op-ed from the CEOs of The California Endowment, The California Wellness Foundation, and Weingart Foundation about aligning assets with mission. Rochelle Witharana, CPA, Javier Hernandez, Tim Ortez, Rosa Benitez, Daryn Dodson #impactinvesting

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The Supreme Court's 2010 decision in Citizens United v. FEC had a significant impact on campaign finance and political spending in the United States: - It allowed corporations, unions, and other outside groups to spend unlimited amounts on independent political expenditures, overturning a century-old ban[1][3]. This opened the floodgates for special interests to influence elections[1]. - While direct contributions to candidates remain illegal, the ruling enabled the rise of super PACs that can accept unlimited donations and coordinate closely with campaigns, blurring the lines of independence[2][5]. - Dark money groups that do not disclose their donors have also proliferated, with a record 38.8% of outside spending in 2018 coming from these sources[2]. - The influence of megadonors has grown, with the top donors giving over $100 million each in 2018[2]. This has increased the power of wealthy individuals and special interests in elections. - Total election spending has skyrocketed, from $5.7 billion in 2018 to $14.4 billion in 2020, with over $1 billion in dark money[5]. The 2024 elections are expected to see record-breaking spending as well. [The net effect is to take politicians away from policy making and relationship building with fellow politicians which exacerbates polarization and causes our leaders to have less time to focus on, and tackle, existential threats. Is the combination of Citizens United and Social Media harming America?] In summary, Citizens United has enabled a massive influx of money from corporations, unions, and the wealthy into U.S. elections, often from undisclosed sources, fundamentally reshaping the political landscape and policy influence[1][2][4][5]. Sources [1] The Impact of Citizens United on Congressional Elections https://lnkd.in/e2D6Xrq3 [2] A look at the impact of Citizens United on its 9th anniversary https://lnkd.in/eiWPjHMb [3] Legal | Citizens United v. FEC https://lnkd.in/etsbhfeb [4] How Citizens United Changed U.S. Political Campaigns | FRONTLINE https://lnkd.in/eaqpmAtN [5] How Does the Citizens United Decision Still Affect Us in 2024? https://lnkd.in/emqatfS6

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📕 Featured Report: Insiders buy as Badger Infrastructure stock slides In our most recent weekend Globe and Mail Who is Buying and Selling feature, we looked at Badger Infrastructure Solutions $BDGI where insiders have been buying. Learn more about this INK contrarian alert: https://lnkd.in/gpAAXr-s

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A US appeals court has struck down the overreaching SEC rules that would have burdened private equity and hedge funds with unnecessary requirements. The Fifth Circuit Court of Appeals recognized that the SEC exceeded its authority by mandating detailed quarterly reports and limiting side deals. This unanimous decision is a major victory against Gary Gensler's excessive regulatory agenda, which threatens to stifle growth and innovation in the industry. The court's ruling sends a message that regulators can't bypass Congress to push their ridiculous policies. The SEC's failure to link these new rules to fraud prevention only highlights their lack of justification. It's great to see the court protect our industry from costly and intrusive regulations. This decision reaffirms that the $27 trillion private funds industry, which supports pension funds, universities, and individuals, should not be hindered by unwarranted constraints. While the SEC may consider appealing to the Supreme Court, hopefully, the courts will continue to curb such regulatory overreach.

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