Tuesday, February 06, 2018
From the table in yesterday's post, there is another example to support Walton's claim to King of the Douchebags. In the table, Walton lists a 3% acquisition fee. This 3% is calculated on the gross proceeds, not the actual price of the property. The acquisition fee to Walton on the price of the property is 6.4%. That is an outrageous fee. I can't think of another sponsor that charges an acquisition fee on gross proceeds, nor one that charges an acquisition fee as high.