Wednesday, April 19, 2006

$185 Million Sounds About Right For Rennert Estate

Alberto Domingues, an Actuary from Atlanta states in his blog that the PBGC (Pension Benefit Guaranty Corporation - and yes, I had to look that up) is planning to put a lien on the Rennert oceanfront property on Daniel's Lane in Sagaponack. They value the estate at $185M. It's a tough comp, but I can't argue with that number. Check out Alberto's entry:

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