Coyote Management is among a handful of investors that have bid on all of the properties in a six-mall package being shopped by Goldman Sachs' Whitehall Street Real Estate Funds

Real Estate Alert, March 24, 2004

Coyote Management is among a handful of investors that have bid on all of the properties in a six-mall package being shopped by Goldman Sachs' Whitehall Street Real Estate Funds. Other buyers of Class-B malls, including Gregory Greenfield & Associates and Somera Investment Partners, have bid on components of the portfolio.

Broker Granite Partners, meanwhile, continues to sift through more than a dozen bids as it tries to formulate a recommendation for Whitehall--which is seeking $250 million for the 3.7 million-sf package. At that price, the buyer's initial annual yield would be about 9.5%. Whitehall is expected to select a winner next week.