We Exited Target
Yesterday we sold all our shares in Target for a 43% unaudited return on investment. We initially invested in Target as they considered spinning off their real estate assests to form a new Target REIT. The Target REIT never materialized, so we held our position as the overall stock market improved and we were rewarded. Proceeds from the sale will be used to pay down start-up debt.
Summary for Target
- 11.12.2008 - Purchased 25 Shares @ 35.06
- 10.19.2009 - Sold 25 Shares @ 50.41
10.20.2009. 22:52
Company Blog
Reduced Our Position in Strategic Hotels and Resorts (04/21/10) 
We Exited Target (10/20/09)
Update on Target (10/12/09)
Resources
What is New Urbanism?
Walkable neighborhoods, diverse housing, less driving, less crime.
What is Mixed-use?
The practice of containing more than one type of use in a building or set of buildings.