The bulk of earnings come from rental income, with upside from opportunistic property development.
After 21 years with Abacus, including 11 years as managing director, Dr Frank Wolf is retiring, effective July 1, 2018. Dr Wolf’s retirement doesn’t impact our view on the financial prospects of the firm as Dr Wolf is but one member of the investment committee and the board determining the allocation of the firm’s capital. Further, each of the major property activities--office, retail, industrial, self-storage, residential--have experienced teams overseeing day-to-day operations, which will prov...
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