On February 27, 2014, NorthStar Realty Finance Corp. (the “Company”) issued a press release announcing its intention to commence an exchange offer for the outstanding 7.50% Exchangeable Senior Notes of NorthStar Realty Finance Limited Partnership, the Company’s operating partnership. The Company intends to offer 3.00% Senior Notes due 2014 in exchange for the 7.50% Exchangeable Senior Notes.
How can dividends on the preferred be tax deferred? Depreciation doesn't flow thru to the preferred? Very happy in any event.
Gas air conditioning units are not "all gas." The idea of an all-gas system is a misnomer. This is because gas-driven central HVAC systems still rely on some degree of electricity to operate. The furnace is the only unit in the central air conditioning system that is fueled by gas. The condenser is powered by electricity.
Where I live in Sonoma County, propane has only gone up about 40 cents a gallon this year. From 3.20 to 3.60. No supply shortage here. I am not sure why someone can't just fill a 5,000 gallon tank truck here and drive it back east. I think it has to do with government licensing of propane drivers and trucks.
Forget about a tankless water heater. Horrible maintenance problems, many repairs to my Bosch unit. Besides, with modern day insulation, tanked water heaters have very small tank heat loss. These days people don't even need to bother with an insulation blanket like the old days.
Dar, excellent advice and a calculation I have done myself. I paid $3.60 per gallon for my last 250 gallon load of propane. I have propane for my forced air heater. It is by far the biggest user. Switching from an electric water heater, the second biggest user, to a propane water heater would be difficult because of building codes that require tall stacks extending well beyond my roof line. I live in an 1881 historic Victorian, so would not want to disturb architecture.
BTW yes the tiered cost system is a killer for large users. Varies from 9 cent a kwh to almost 50 cents a kwh. Five times!! The people who really get hurt are the people who live in hot climates, and need a lot of A/C. A lot of these are poor people in the interior valleys. Meanwhile the rich people in San Francisco who live in apartments are paying one fifth for electricity as their poor cousins over in the valley. It is called unintended consequences. alf
My last bill for electricity was $375. My average cost per kwh is 22.2 cents. Since 2000, PG and E has been charging on a tiered system. Rate starts at 9 cents and goes up to almost 50 cents per kwh. WE are still being punished for the attempt to deregulate electric rates. PG and E actually filed for bankruptcy.
BTW I heat and cook with propane.
Dawson, it is true that you will be making contributions to your retirement account for a long time. Since it is early in your career, these contributions will swamp out any reasonable loss now. As you accumulate more capital, this will change, and you should limit your exposure to any one security to 4%. Myself, all I did was buy and hold the SP500 fund from 1982 to now. Sure is easy on the commissions and taxes. These are the things you can control and should. At a young age 100% in SPY works just fine.
NorthStar Realty Finance (NRF) and recently-departed HCP CEO Jay Flaherty enter into a long-term partnership to build a healthcare real estate operation. Flaherty will oversee and seek to grow NorthStar's on-balance sheet healthcare portfolio, raise institutional capital, and become CEO of NorthStar's healthcare real estate non-traded REIT, NorthStar Healthcare Income.
NorthStar expects the partnership will be transferred to the Asset Management unit as part of the previously-announced spinoff of the business.