From the San Francisco Chronicle: The University of California has emerged as the new owner of the Ritz-Carlton Half Moon Bay, paying $193 million for the oceanfront resort in one of the university system’s latest real estate investments. The buyer is UC Investments, the University of California’s investment office, which manages retirement, endowment and other assets for the system...
UC officials have not publicly disclosed what they intend to do with the property or how it will be managed. Media representatives for the university system did not immediately respond to a request for comment. The 261-room resort, which opened in 2001 on a bluff overlooking the Pacific Ocean, includes restaurants, a spa and two golf courses. It is one of Half Moon Bay’s largest employers and taxpayers...
Full story at https://www.sfchronicle.com/bayarea/article/uc-ritz-carlton-half-22517492.php.
Note that the Regents' Investment Committee is not on the agenda of the upcoming Regents meetings. (See Sunday's posting.) So there is not going to be a specific forum for anyone to ask about this purchase.
Of course, you could check in yourself. But if you try to check out, can you leave?
Or direct to https://www.youtube.com/watch?v=8y7WGPWYsa0.
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