in 2007-2008, was there something that happened in real estate market ?
2014-01-28 Blaze Spinnaker <blazespinna...@gmail.com> > From 2010: > > http://www.carolinajournal.com/exclusives/display_exclusive.html?id=6216 > > One of North Carolina's real estate investments that has tanked is a > commitment to invest $100 million in Cherokee Investment Partners IV, a > fund run by a Raleigh company. The state had invested less than $7 million > in the fund by the end of 2008 but had paid out close to $1.5 million in > management fees. > > Cherokee Investment Partners, the parent company of the fund and another > company North Carolina has invested in, is the subject of a federal probe > in connection with failed golf and housing projects in New Jersey. > > The New Jersey inspector general issued a report in 2008 finding that a > company backed by one of the limited partnerships in North Carolina's > pension fund had mismanaged a project on a landfill site in Bergen County. > > Thomas Darden, the CEO of Cherokee Investment Partners, contributed $1,000 > to Moore in 2004. Darden did not respond to an e-mail seeking comment. > >
