Jamestown L.P.
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Jamestown L.P.
Jamestown L.P. is a Real estate investment trust, real estate investment and Property management, management company based in Atlanta, Georgia (U.S. state), Georgia. The company invests in commercial and mixed-use real estate developments in several cities in the United States. Among Jamestown's properties is the One Times Square building, the site of the annual Times Square Ball, New Year's ball drop in Manhattan, New York, as well as Ponce City Market in Atlanta and Industry City in Brooklyn. As of 2018, Jamestown maintains more than $11 billion in assets under management. History Jamestown was founded in 1983 by the German investor Christoph Kahl. The company was initially backed by investors primarily located in Germany. In one of its first high-profile acquisitions in 1997, Jamestown purchased One Times Square in Manhattan, New York, from Lehman Brothers for $110 million. The property is the site of the annual Times Square Ball, New Year's ball drop celebration. In 2004, ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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