GMAC's Capital Markets Group will rent 24,000 square feet on Sixth Avenue in New York. The building's owner is The Carlyle Group, a huge politically connected private equity underwriter (PEU). Did Carlyle discount the rent 42% for an equity chunk of GMAC? Carlyle wants to buy distressed banks, but they'd rather the FDIC shut out equity holders first.
PEU Report/State of the Division