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clock Created with Sketch. 25/11/22
15:57
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Originally posted by Lyzaqu
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BWF owns shares in WOT. All that $22million is around 15million WOT shares (can't remember exaxt number) which you can see on blackwall balance sheet.
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"BWF is the management business so it profits based on a fee arrangement (around 0.8% fee on gross assets, can't remember exactly, you can find it in the recent stapling documents etc). And also a revenue fee based on the WOTSO short term leasing business. And also the standard transaction (buy/sell) and leasing fees that a commercial real estate manager would have."
(20min delay)