epn are our enemy

Hi all, mistakenly I was under the impression EPN were the managers of the EDT Trust for it's security holders.

Sadly and badly I was mistaken.

EPN are simply another investment vehicle with it's own shareholders / investors seeking to benefit only themselves.

They are just investors with a large shareholding in EDT Trust.

From their website and you'll notice a few key words, like the ninth one:


Welcome to EPN Group

EPN is a private investment group focused on opportunistic and value-oriented retail and commercial real estate investments throughout the United States. EPN seeks to generate above market risk-adjusted returns by making investments when our ability to quickly assess and complete complex transactions serves as an advantage. EPN makes larger single asset and portfolio acquisitions through direct investments, joint ventures with industry leading operating partners, and entity investments.

EPN holds interests in 48 retail properties, comprising 11 million square feet, located in 23 states throughout the major regions of the United States. EPN is in the process of raising a $400 million fund, with investors already committed to invest in excess of $230 million. When fully raised, the fund will have the ability to make investments in $1.0 billion of real estate.