History – 20000630 – Financials

Other – Feoffees – 19990000 – Annual Meeting Minutes

History – 19950630 – Financials

Other – Feoffees – 19950511 – Annual Meeting Minutes

Other – Feoffees – 19940512 – Annual Meeting Minutes

The most interesting thing to note here was that in 1994 the assessed value of the land was $22,400,000.  So the net proceeds from the sale of Little Neck in 2012 would be slightly less than the assessed value 18 years ago.

Put another way, using the Case-Shiller real estate index for the Boston area, the adjusted value of the land today would be a bit over $50M.

Other – Feoffees – 19920512 – Annual Meeting Minutes

The date on this meeting is not very clear, nor is the handwriting.  It is notable, however, for the fact that it shows that somebody was thinking about how low the rate of return was on the asset over 20 years ago.  “…the value of the land should be used as guide for how much rents should be i.e., $10M at 5% = $500,000.”

Other – Feoffees – 19900000 – Annual Meeting Minutes