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Ready in 50 minutes
Original recipe from Whole Foods: http://www.wholefoodsmarket.com/recipe/quinoa-garden-cakes-lemony-yogurt
133 people want to try | 115 have favorited
PREP: Rinse quinoa well. Bring quinoa and water to a boil, simmer 20 minutes or until all liquid is absorbed. Cool. Combine all ingredients with the exception of 1 C yogurt, lemon juice, canola oil. Preheat oven to 400 degrees. Rub oil on cookie sheet. Divide quinoa into 8 balls. Flatten each ball onto cookie sheet to make a 4-inch cake. Bake 10 minutes, flip cakes over. Bake 10 minutes more. Combine yogurt and lemon juice, serve with cakes. Notes: MAKES 8 four-inch cakes
Nutritional information per serving (7 oz): 140 calories, 7g protein, 2g fat (0g saturated), 23g carbohydrates, 27mg cholesterol, 660mg sodium Exchanges: 1 1/2 breads SOURCE: >Whole Foods Market Communication Team (C) 1995-98. http://www.wholefoods.com/wfm/recipes/gardencakes.html >email@example.com 1998 Jan INDEX: Grains, Quinoa, Brunch, Desserts, Elf-Archive Recipe by: Whole Foods Market Posted to Digest eat-lf.v097.n022 by KitPATh
miriamcola 4y agohey, you took this from the Whole Foods Market website lol. Good recipe anyway.
pneuma 5y agoTraded out some of the veggies for what was in the fridge, and threw in capers and green olives...awesome!
longtimecook 6y agoI liked the taste above all, the texture, and the health value. I modified it a little bit, but nothing that changed the taste or health benefit. I liked it so much, that I shared it with a coworker, who also loved it.
anitsirK 7y agoVery tasty and very healthy. A+!


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Peel Wood Fired Pizza & Brewing Company
Peel Wood Fired Pizza & Brewing Company boasts a large dining room, a lounge area with couches and oversized chairs, a 30 seat brew pub, and a 40 foot butcher block bar. In the brewing area, you will find an impressive display of the brew house and fermentation equipment. The 7bbl brew house and 8 vessel fermentation room can be viewed by visitors through glass panels. We bake our pizza creations in a Mugnaini wood burning pizza oven, for authentic Old World Italian baking.
Geneseo Brewing Company
Est. Sep 2014. Offering continually new & unique quality craft beer ~ in a comfortable environment. There's sure to be something for everyone to enjoy!
Lionstone Brewing Company
We are a family owned brewery operating in our hometown of Geneseo, IL. Our brewery is in full operation and our taproom and gastropub is a great place to enjoy unique food and beer combinations.
Pecatonica Beer Company - Tap House
Every reward has a journey. We welcome you to visit our Tap House on the historic Stagecoach Trail in Warren, IL. Come taste our selection of amazing beers and experience the regional flavor the Pecatonica Valley has to offer.
4204 Main Street Brewing Company - Belleville
At 4204 Main Street Brewing Company we believe simple and amazing food and beer pairing is a staple in life and we wanted to share that. Our neighborhood restaurant and brewery is a place to meet, experience amazing food, carefully brewed local beer and to enjoy life. Whether you love food or you love beer you've come to the right place. We are here for the food and beer lovers just like us.
Rhodell Brewery
Rhodell Brewery is a small microbrewery located in Central Illinois. We opened in 1998 with three beers on tap and have expanded to 13 beers along with one traditional English hand pump. We are known for producing a wide variety of quality hand crafted beers whether it be British, American, or Belgian Style beers, ales, lagers.
Amtrak Train Day
All aboard at Alton's Amtrak Train Day! Meet fellow train enthusiasts and learn about train safety, and the excitement of train travel! Scale models of trains will be displayed. All children will receive a free conductor's hat and train-related coloring books. Refreshments will be available. There will also be a drawing for 2-roundtrip Amtrak tickets to Chicago. Winner will be drawn at the end of the event. You must attend the event to register for the drawing. For more information, call (800) 258-6645.
Peoria Brewing Company
Peoria Brewing Company doesn't just brew beer. We brew "liquid awesome." From wicked light ale to the uber-hoppy, we brew all of our beers with the precision and passion needed to produce outstanding craft beer. Using malt grains, a wide variety of hops, and some surprising adjuncts, Peoria Brewing Company proves over and over our ability to brew amazing beers.
The JDraper Glass LLC
The mission of J Draper Glass is to offer a complete understanding of hot glass as a studio movement in America by engaging the community through hands on opportunities, classes, tours, team building workshops and open houses to encourage an exploration of this medium. Through these efforts, JDraper Glass will cultivate a deeper understanding and appreciation of the art of hand blown glass.
Alton Hauntings Kid Ghost Tour
Take a not-so-scary tour of Alton, considered one of the most haunted towns in America, with an expert guide from Alton Hauntings. This ghost and history tour is geared towards children of all ages and their parents and is based on the book "Haunted Alton" by Troy Taylor. Tour starts at 3 p.m. on July 30, 2016.
Nauvoo Fudge Factory
Based on traditions of candy makers on Mackinac Island in northern Michigan, R. Spencer Pratt's Fudge Factory brings the same quality and delicious taste to the shores of the Mississippi River. Conveniently located in uptown Nauvoo, the Fudge Factory offers everyone a unique look at the old fashioned methods used to produce fine candies in days gone by. Because we are a small family business, our "factory" consists of making our fudge one batch at a time, using only the freshest and best ingredients available. No artificial flavors or preservatives are used in the process. Each batch is made the 'old-fashioned' way by cooking it in a copper kettle (we have no machines or automatic equipment. The cooked fudge is poured onto a cold marble table, then at just the right time it is stirred and worked around the table to make it extra creamy as it cools. Durell & Kathy Nelson have been residents of Nauvoo for more than 30 years. They have owned the Fudge Factory since 1999. "We are happy to be part of the Nauvoo Community. We love the spirit of Nauvoo and appreciate the friends we have in this wonderful city. Owning the Fudge Factory has made it possible for us to be more involved in the Community, as well as meeting many new friends who visit Nauvoo each year."
Sass Brewing Company
Illinois' only dedicated gluten-free brewery. Offering gluten-free craft brewed beer, wine and other treats. All beers are made from millet, buckwheat, and rice. Currently offering three beers on tap, serving a milk-chocolate porter, a jasmine honey saison and the Hopped Up road Trip, a blueberry ale and a house-brewed root beer. The brewery offers local wine from Hopewell Winery in Rockport, IL. Gluten-free pizza is available from Gianni's in Pittsfield.
Wooden Wardrobe
Women's clothing – Comfy USA, Tribal, JAG, French Dressing, Yest & Venesha Angora. Bonn Bons sterling silver, Polish Pottery, custom woodworking.
The Great Godfrey Triathlon
The Village of Godfrey will host its second annual Great Godfrey Triathlon in the end of August 2016. All athletes are encouraged to participate in this swimming, biking, and running competition. The course will consist of a open swim in the pond at Glazebrook Park, a 14 mile bike race through picturesque Godfrey and a 5K trail run. Early race packet pick up will be available on Friday, August 26 from 3 - 4:30 pm at the Godfrey Village Hall. Packets will also be available for pick up on the day of the race beginning at 5:30 am onsite. Awards will be handed out for the top three male and female finishers in each age division in addition to the top overall male and female finishers. The Great Godfrey Triathlon is participating in the muniTri series in association with Fleet Feet. Entry fee includes a souvenir t-shirt and complimentary lunch. Lunch will be available for purchase for guests and spectators. Please contact the Godfrey Parks and Recreation Department at (618) 466-1483 for additional information. Sponsorship opportunities are still available as well. Please contact the Park and Recreation Department to sponsor the event.
Jersey County Historic Society's Annual Apple Fest
Enjoy this year's Jersey County Historic Society's Annual Apple Fest. Throughout the day, visitors can browse craft booths, demonstrations, quilt raffle, kettle corn and children's games. Pioneer stew, ham & beans with cornbread, and sweet treats will be sold throughout the day. Historic tours of the Cheney Mansion, Log House and Lone Star School are $5 for adults; free for children 6 and under. Bring your lawn chairs and enjoy the day. All other events are free. For more information, call (618) 498-2811.
Redbud Winery
This quaint and comfy winery offers not just delicious vintages, but wedding rehearsal dinners, private parties, & wine clubs.
CITY:Red Bud
Night Market
The Night Market will provide artists, growers and artisan food producers who work 9-5 jobs with an opportunity to sell their wares at a mid-week Market. There are many on-site amenities that will be enjoyed by vendors and shoppers alike, including live bands from 6:00- 9:00 p.m., great food and drinks, restrooms, and electricity for vendor booths. The Night Market place every Wednesday night in the warehouse behind Elijah P's Burgers and Brews.
McPike Mansion Halloween Campout
Visit the spirited McPike Mansion and celebrate Halloween during the annual McPike Mansion Halloween Campout. Visit the wine cellar to communitcate with the spirits of McPike Mansion while you enjoy food and fun. Reservations can be made by calling (618) 830-2179. Admission is $35 per person. (18+ only)
Dabluz Boutique
New, handmade, remade and vintage desirables including pottery, garden art, crafting items, purses, and much more! You have to see it to believe it so check out Dabluz Boutique.
CITY:Mount Carroll
Sweet Woodruff LTD
We're located just minutes from the Mississippi River & the Dutch Windmill and offer a fine line of jewelry and purses, unique personal accessories and lots of one-of-a-kind home decor. Lotions, handmade soaps, dip mixes, and cookbooks are also available. A can't miss shopping opportunity.
Kewanee Windmont Park Lighting and Parade
Walk through the magical park, listen to caroler and enjoy cookies in the Shelterhouse. Drive and view the lights throughout the city streets and neighborhoods of Edgewood, Prospect and Chestnut.
Plain Jane's Vintage Cottage
We offer antique home furnishings, Check out our collection of repurposed, refinished, upcycled, farm fresh relics, jewelry, artwork, metal, photography, vintage, shabby chic, handmade items, junk and much more!
CITY:Mount Carroll
Rock the Hops 2016
Rock the Hops returns to Downtown Alton, Il. A celebration of music, art and craft beer featuring some of the best purveyors of the goods in the region! Tickets are $15 a person with grants you access to beer sampling at each venue, a souvenir tasting glass, and access to shuttles. Beer sampling not your thing? Come out anyway and enjoy music, art and the venues' normal offerings!
The Fog Lights at Jacoby Arts Center
The Fog Lights have been a long time coming. After a year of playing shows and recording, their album "Manhassett" debuts on July 25th. The first single- "Lead the Way"- features the pair's sweet, high harmonies and dual acoustic guitars, backed with brushed drums and bursts of harmonica. Under it all, gently subversive banjo anchors the folked-ip aesthetic that runs through the album. Loading with chirped strums and warm harmonies. "Manhassett" is minimalist and delicate, sometimes forgoing instruments for punctuated a cappella single lines.For more information, call (618) 462-5222.
Travis Tritt at the Liberty Bank Alton Amphitheater
More than 27-years after Travis Tritt launched his music career, the Southern-rock influenced artist continues to display strong sales activity, sell-out shows, and stay true and relevant to Country music fans across the globe. "Country Club," "Help Me Hold On," "I'm Gonna Be Somebody" and "Drift Off to Dream" peaked at numbers two and three on the Hot Country Singles & Tracks charts; all which led for Tritt to win Top New Male Artist award from Billboard and the CMA Horizon Award.
Charlie's II
Come to Historic Downtown Mt. Carroll and enjoy great pizza and burgers plus a full menu and lunch specials daily. Live music every weekend and dont' miss our open mic on Sunday nights. Follow us on Facebook!
CITY:Mount Carroll
Bad Boys of Baseball
Don't miss a Q&A with Jose Canseco and John Rocket, and of course a great night of Grizzlies Baseball! A spectacular fireworks show will follow the game.
Molly's Kitchen and Bar
Well known for serving food that is extra fresh, locally grown, visually beautiful and interwoven with great flavors. Fine dining offering a variety of entrees in an upscale atmosphere. Open for dinner Wednesday through Saturday 4:30 – 9:00 and Sunday Brunch 11:00 to 4:00. Follow us on Facebook.
CITY:Mount Carroll
Dueling Pianos at Grafton Winery The Vineyards
Dueling Pianos are coming to Grafton Winery The Vineyards. Join us to sing and dance the night away with Spanky Entertainment. Tickets are $30 per person plus tax and gratuity. Ticket includes dinner and show. Wine Club members enjoy 10% off. Advanced reservations required 618-786-3001.
Frozen at the Tower
It may be hot this summer, but the Lewis and Clark Confluence Tower is celebrating all things "Frozen" on Saturday, Aug. 6. Anna and Elsa from the movie "Frozen" will be on the upper two levels of the Tower for a meet and greet event and photos with their fans. Free Frozen souvenir balloon art from Jay "The Balloon Dude". Tower admission is $1 for children and $2 for adults.
Alton Marina 20th Anniversary Party
Celebrate the 20th anniversary of the Alton Marina with music by The Boat Drunks, a year-in-review slideshow hosted by Elite Events and Black Iron BBQ will be there for all your BBQ needs! For more information, call (618) 462-9860.
Ideas N Designs
Ideas N Designs offers a his & hers compatible shopping experience where the impossible is possible! Located in an 1850' historic building, we offer a wide variety of antiques, wholesale designer fabrics, and Automobilia to please the avid collector. We also feature a Victorian Library, English Garden, Mad Hatter Tea Room, and Through The Looking Glass fashions featuring vintage new and used clothing & more. Let our Mad Hatter welcome you to this unique shopping experience! Bus tours welcome for groups up to 40. Closed January, February and March.
CITY:Mount Carroll
Sauce Alton Food Truck Festival
This even will feature food trucks from around the region offering global street food cuisine. In addition, the amphitheater's concession team will offer beverages of all types to compliment the food trucks. Live music will be showcased on the amphitheater stage with Boogie Chyld as the Food Truck Festival's headliner. The Alton Food Truck Festival is free to the general public. Each food truck will have a different food offering with a range of prices. For more information, call (800) 258-6645.
Andover Swedish Service at Jenny Lind Chapel
Join in a celebration of American pioneer faith held in the historic church "Jenny Lind Chapel". The church as constructed in the early 1850's and named for the celebrated Swedish singer, Jenny Lind. Join a celebration of American pioneer faith at Jenny Lind Chapel. The church is listed on the National Register of Historic Places. Starting at 4pm to 6pm.
8th Annual Miles for Meso 5K Race
The annual Alton Miles for Meso 5K Race & 2K Fun Run/Walk will take place in downtown Alton. The race begins at the Simmons Hanly Conroy Law Firm building, across from Marquette High School, and winds through the historic, brick streets of downtown Alton. Cash prizes awarded. All registration fees benefit research from Mesothelioma, one of the most aggressive types of cancer. For additional information, call (877) 304-MESO(6376)
Tri-County Olden Days
Come out and enjoy a family oriented event that has something for everyone in Dow, Illinois! A steam, gas and threshing show will feature antique tractors, engines and heritage demonstrations, along with an antique tractor pull. There will be live entertainment both days, with Cowboy Church on Sunday. Shop the large craft & flea market and enjoy lots of good "old-fashioned" food. Admission is $5 per person. Children 12 and under are free.
Autumn Solstice Haunted Extravaganza
Meet paranormal investigators, have a free Tarot card reading and take a free tour of the Historic Museum of Torture Devices during the Mineral Springs Haunted Autumn Solstice Extravaganza. There will be speakers, vendors, door prizes and so much more! For more information, call (618) 465-3200.
thirty-thirty Coffee Co.
thirty-thirty Coffee Co. is an independent, locally-owned coffee shop in Peoria, Illinois. We are singularly focused on providing perfectly roasted and brewed coffee with the absolute best customer service. Every member of our team, from our owners and to our employees, share a common coffee philosophy. We are passionately devoted to coffee education and excellence.
MIP Arts & Crafts Fair
Heralded as one of the largest arts and crafts fairs in the Midwest, the MIP Arts & Crafts Fair features over 200 vendors - both indoors and outdoors in Milan, Illinois just a few minutes from Rock Island and Moline in the Quad Cities. You are sure to find a treasure to take home with you!
All Out Country
Carroll County's only Western Store! We carry men's and women's retail clothing & accessories, home décor and much more. We also carry some of the biggest brand names: Justin cowboy boots, Noble Outfitter apparel and horse tack, Johnny Ringo boots for women, Ariat, Wrangler, Cruel Girl, Cinch just to name a few. Our store also carries consignment pieces from local residents. We also carry unique, one of a kind handmade blankets and coats. It's worth the drive so come take a peek!
CITY:Mount Carroll
Henry's Double K
Your go-to place for drinks, dancing, live music and a good time! Our Dining Room is open weekends. Our Bar Menu items are available week nights-in bar or for carry out. Our Dining Menu & Bar Menu are available on Fri & Sat nights. We can also host your meeting, banquet, reunion or reception. Check us out on Facebook for updates on live music events and more.
CITY:Mount Carroll
Flatland Summer Jam
Flatland Summer Jam is almost here! The jam-packed event will feature many musicians with headliner being Levi Riggs. Taking place on August 27 in Veteran's Park, come and enjoy the live music from 12 to 10 PM. A bags tournament will also be taking place! To sign up or view the official line up, check out the website at flatlandsummerjam.com.
Recess Brewing
Recess Brewing is a Community Supported Brewery that is happy to call Edwardsville, Illinois home. The goal is simple. Provide delicious, locally crafted beer and educate the masses about how the magic happens. Our location on Main Street houses a 1500 square foot brewery and a 1100 square foot taproom which is open to everyone.
En Season Restaurant
Established in 2011, En Season Restaurant was born out of the desire to promote local, sustainable agriculture and to improve community wellness and quality of life by providing a farm-to-table seasonal dining experience and various programs in collaboration with area businesses and organizations. Located inside Galesburg's Sustainable Business Center, en season aspires to meet high sustainability standards by sourcing ingredients almost exclusively from community farms, conserving water, and nurturing green entrepreneurs to, in turn, help rebuild the local economy. Providing lunch and dinner to the public Wednesday through Saturday and brunch on Sunday, our Executive Chef creates new, fresh dishes each week that join signature menu items made from foods grown by local farms, our garden or the regional cooperative.
DCI Marching Band Tour
The Drum Corps International Tour will march it's way to WIU's Hanson Field on August 2. Show time will begin at 7 PM, and tickets will range from $12-$25. To order tickets in advance, and for official prices, please visit dcitickets.showare.com.
French Wine Pairing Dinner at Pere Marquette Lodge
Let our Chef awaken your senses at this four course Gourmet Wine Pairing Dinner hosted at Pere Marquette Lodge. Enjoy the excellent company of an intimate dinner party as you partake in each of the three specially selected wines which complement each delectable dish. Call (618)786-2331 for details and to make reservations.
Stone Bridge Valley Art Center
The Stone Bridge Valley Art Studio is a place to explore the various media available and enjoy the company of others. It's a place to display or sell art and now includes a Gallery Boutique, classes and a working studio.
Lucy Haskell's Birthday Celebration
A beloved Alton event, please join us in Haskell Park to celebrate the 136th birthday of Lucy Haskell! Pony rides, vintage games, lemonade cake and ice cream. Hope to see you there! For more information on Lucy's Birthday party, call (618) 465-3026.
Eagle Meet and Greet & Raptor Awareness Program
This program gives you the opportunity to see multiple species of birds of prey including an American Bald Eagle up close and personal! Ask and learn about their species and habitats. For more information, call (800) 258-6645.
Willett's Winery & Cellar
Willett's Winery and Cellar in Manito is located in an 1895 building originally used as a harness shop. Our wines are created to please any palate, from dry oak-aged red (Leon Millot) to our very popular Cranberry Frost, made from 100% cranberry juice.
Nauvoo Mill & Bakery
We're millers and bakers of whole wheat products. We grind our own grain for use in our baked from scratch wheat breads and rolls. Choose one of these to complement our fresh lean deli meats for a tasty sandwich. Add a side (salad or soup in season) and a scrumptious dessert. We have a delicious selection of hot sandwiches too. Check out our menu! While dining at the Nauvoo Mill & Bakery, be sure to browse our shelves of jams, jellies, preserves, syrups, and flour mixes. We also have no sugar added preserves and syrups for special diets. And no visit would be complete until you have a butter sorghum cookie from our cookie jar, just like grandmas!
Stumpy's Spirits Distillery
Stumpy's Spirits is a new kind of craft distillery that takes distilling back to its roots. The distillery is built on 10 acres our 8th generation family farm in Columbia, IL where we plant, grow, and harvest the grain used to produce Unbroken Vodka, Old Monroe White Whiskey, and soon a host of other whiskeys. Not only do we use our own grain, but we use fresh well well water too. Small batch, hand-crafted, and fresh from the field...just the way craft spirits were meant to be.
Peoria Riverfront Market
Saturday mornings all summer long! An outdoor farmers' and artists' market featuring local produce, meats, eggs, cheeses, fresh flowers, baked goods, and more. Plus local art, live music and demonstrations each week.
High Flyers Grille
High Flyers is a neighborhood bar and grill serving a full menu of appetizers, salads, soups, pastas, burgers, and steaks (including our famous Pepperloin kabab with garlic butter) and chicken.
CITY:East Alton
Rolling Hills Golf Course
For over 30 years, Rolling Hills has been providing an enjoyable golf experience and exceptional value for thousands of golfers. Family owned and operated, this 164 acre course facility offers an 18-hole Par 72 course and a 9-hole par 29 Executive course. Rolling Hills offers complete golf, food and beverage services throughout the day. Carts, clubs and practice balls are available for rent. Open daily 7 a.m. to dusk.
Feast on Fifth
A community farm to table dinner on 5th Street. Celebrating all of the offerings of our local agriculture and chef specialties in an outdoor setting on Fifth Street. Limited number of seats available.
2nd Annual Pietown Gospel Music Festival & Ron Dunning Memorial Car Cruise
We are very excited to welcome you, your friends, and your family to the second annual Pietown Gospel Music Festival Have a pork steak, enjoy an ear of corn, chill with some refreshments, stroll through our classic cars, let your kids play in the Kidzone and enjoy the music. For more information, call (618) 550-9291 or email firstname.lastname@example.com
Roodhouse Sesquicentennial Celebration
Come celebrate 150 years of food, family and fun in Roodhouse! Festivities include the "There Is No Place Like Home" parade, car show, youth day, heath fair, demonstrators and craft vendors, quilt show, amusement rides, little miss pageant, historical museum, beer tent, BINGO games, historical play, and community church service. Plenty of food vendors and two stages of free entertainment daily. Free parking and free admission.
Outdoor Explorers Day Camp at Two Rivers National Wildlife Refuge
For one last adventure before school starts, an Outdoor Explorers Day Camp will be help from 9 a.m. - 3 p.m. August 2-4 at the refuge visitor center. This free three day, day-camp will introduce children entering grades 3-5 to various outdoors activities including hiking, geocaching, canoeing, bird watching, and much more. Space is limited, register by July 15. Children should bring their own lunch and snacks and dress to be outside most of the day.
The Inn at Molly's
Relax in small-town comfort in charming downtown Mount Carroll. Our historic, restored 1865 building features two 600 square-foot suites, combining rural charm with contemporary amenities and style. Guests are treated to a delicious continental breakfast featuring baked goods from Molly's Kitchen and Bar downstairs, including Molly's scones and muffins and Ben's bread. Spend the day exploring the historic buildings and architecture of Mount Carroll, antiques, and the beautiful pastoral landscape of the driftless area.
CITY:Mount Carroll
Bald Guyz Bistro Cafe
20+ specialty sandwiches, baked goods and variety of lattes, coffees and more! No fried foods of any kind! We're located in the Kraft Bldg in the heart of historic Mt Carroll. Come explore the brick streets and country charm of Mt. Carroll and stop in to see our restored historic building where we also feature a health food section, gift items & locally crafted artesian items.
CITY:Mount Carroll
Laux Brickhouse Grille
The newly renovated Laux Brickhouse Grille is the place to be. Offering great local favorites, daily food specials, and icy cold drinks. Perfect for a casual dinner with the family or a date night. Laux Brickhouse will have your mouth watering the second you walk in the door. Open Monday - Thursday 11 a.m. to 10 p.m., Thursday 11 a.m. to 11 p.m., Friday 11 a.m. to 1 a.m., Saturday 11 a.m. to 2 a.m. and Sunday 11 a.m. to 9 p.m.
Wolves Crossing Golf Course
Wolves Crossing was built in 1993 and features open, rolling landscapes with manageable length and plenty of open space. Located just 15 minutes north of Alton, Wolves Crossing is an excellent choice for golf outings, tournaments, company outings and fund raisers.
Comedy Hypnosis Show at Pere Marquette Lodge
Come enjoy Pere Marquette Lodge's famous fried chicken buffet and then join in a gut-busting Comedy Hypnosis Show. Watch in wonder as Dan Ladd brings down the house. Reality changes, personalities radically alter, and laughs pile on laughs as your friends and loved once become superstars. Dinner begins at 6 p.m. in the ballroom and includes fried chicken, mashed potatoes, gravy, coleslaw, vegetable of the day, hot buttered rolls, dessert, coffee, tea and water. Adult beverages can be purchased at the Restaurant Service Window. For more information, call (618)786-2331.
Downtown Alton Chili Cook-off
Enjoy the fall weather during the annual Downtown Alton Chili Cook-Off. The Chili Cook-Off will take place from noon to 3 p.m. in the giant warehouse and pavilion at Elijah P's. $100 cash prizes in 5 categories and $25 to register a team. Admission: $6 per adults, $3 per kid 10 and under. For more information, call (618) 463-1016.
Alton Muny Band: Haskell Park
Enjoy concert band music, which includes marches, concert pieces, popular tunes, and novelty numbers. This is family friendly and the concerts are free and open to the public.These concerts take place every Sunday evening June 12- August 7 all starting at 7 p.m. Bring a blanket or lawn chair.
Top O' The Morning B&B
Prairie-style brick mansion, built by Hiram S. Cable, President of the Rock Island Railroad, circa 1912. Original country estate used as the summer home for the Cable family. Beautiful view. Central location on the hill in Rock Island, overlooking the Mississippi River Valley across from Long View Park. Enjoy the unique experience of an overnight stay in a private home. Special features include a 600 square foot parlor with gold concert harp, grand piano, chandeliers, and large wood-burning fireplace. A full breakfast of fruit, rolls, juice, and three entrees is served either in the Dining Room or on the deck, weather permitting.
CITY:Rock Island
Boetje's Mustard
Boetje's Mustard is a national-favorite. Beginning in 1889, Fred Boetje began making stoneground Dutch mustard in his garage in Rock Island, Illinois. Using the same recipe today of water, mustard seed, sugar, salt and distilled vinegar, Boetje's tops all mustard sales in the local retail market.
CITY:Rock Island
Bishop Hill Folk Music Festival
Bishop Hill village park is the center for the best eclectic gathering of folk/ethnic musicians of the Midwest. Featured performers will be Chiris Vallillo, Joel Mabus, Bahola, Chicago Spemanslag, Bill Robinson and more. Public is invited to attend this free festival offering live music, hands-on learning opportunities and workshops offered both days. Musicians performing on Saturday July 30, 2016 from noon to 6 p.m.: • Bohola (Celtic) • Paul Wilson & Mary Abendroth (Swedish) • Joel Mabus (old time and original Midwest Music) • Los Condenados Haustecos (Mexican) • Chicago Slemanslag (Swedish) • Volo Bogtrotters (old time string band) Musicians performing on Sunday July 31, 2016 from noon to 5 p.m.: • Holy Cross Immaculate Heart of May Marimba (Hispanic) • Chris Vallillo (Illinois root music) • Folk Nordland Band (Swedish) • Catfish Keith (Blues) • Bill Robinson; hammered dulcimer (Folk/Bluegrass)
CITY:Bishop Hill
The Woodlands Golf Club & Banquet Facility
Designed around a winding creek and elevation changes, The Woodlands is known as a "shot-makers" paradise. Enjoy breathtaking views from the clubhouse which overlooks the 18th green. The banquet facility can seat 250 and is an ideal location for receptions, parties and more. The Red Barn, also on the golf course property, is available to rent for outdoor weddings.
Chubby's Warehouse Bar & Grill
Taking a cruise on the motorcycle today? Come to Alton and stop at Chubby's Warehouse Bar and Grill. Chubby's offers good food at a great price and ice cold beer. Spacious indoor and outdoor seating available. Must be 21 to enter. Open Tuesday - Thursday 11 a.m. - 1 a.m., Friday and Saturday 11 a.m. - 3 a.m., and Sunday 11 a.m. - 1 a.m.
Monarch Butterfly Citizen Science Program at Two Rivers National Wildlife Refuge
As monarch butterflies begin migrating south in late summer, Two Rivers National Wildlife Refuge invites the public to become citizen scientists and report monarch butterfly sightings and seasonal changes in the environment during the Monarch Butterfly Citizen Science Program at 2 p.m. Saturday, August 13. Participants should register by August 12, At this program, participants will learn the stages of a monarch butterfly's life cycle, how to watch for and report these stages, and how to attract monarch butterflies to their backyards. Then participants will have the opportunity to register to become a citizen scientist with Journey North and share monarch butterfly sightings.
Long Hollow Canopy Tours
New attractions in the Galena Territory. Enjoy spectacular views of Northwest Illinois on this 2 1/2 hour guided canopy tour. Ride 6 ziplines, cross a suspended bridge, and rappel off of two platforms. Longest line is 1,250-feet!
Open House at Haskell Playhouse
Come and take a tour of this historic playhouse the 2nd Saturday of every month. This playhouse was built by Dr. and Mrs. William Haskell for their five year old daughter Lucy. It is a rare architectural gem containing many of the flamboyant elements of the Queen Anne style: cartwheels, brackets, spires, diagonal sticking, fish scale shingles and stained glass windows. It's importance is magnified because so few of these accessory structures for children have survived. The playhouse contains a single room, front porch and side porch. The interior has been restored and the playhouse is open for special occasions. The playhouse was listed on the National Register of Historic Places in 1974.
Cajun Beer Garden at Pere Marquette
Welcome to the Cajun Beer Garden! Join us on the terrace at Pere Marquette Lodge for a Cajun Beer Garden starting at 12 p.m. and let the good times roll. Featuring specialty beers from Louisiana as well as a Creole Crawfish Boil and live bluegrass music. No reservations are needed but seating is limited so feel free to bring your lawn chairs and picnic blankets just in case. The Beer Garden at Pere Marquette is a wonderful place to spend a relaxing day filled with entertainment, a gorgeous view, cheap beer, and awesome food. For more information, call (618) 786-2331.
Aunt Sha's Cottage Furniture
Aunt Sha's Cottage Furniture carries used and refurbished furniture at affordable prices. If you are looking for something for your first apartment or a piece to add to your cottage style, Aunt Sha's is the place for you. Open Tuesday, Thursday, Friday and Saturday 10 a.m. to 4 p.m. and Sunday 11 a.m. to 4 p.m.
German Beer Garden at Pere Marquette Lodge
Join us on the terrace at Pere Marquette Lodge for a German Beer Garden. This event will feature special German made beers as well as a delicious variety of bratwursts along with live German music. No reservations are needed but seating is limited so feel free to bring your lawn chairs and picnic blankets just in case. The Beer Garden at Pere Marquette is a wonderful place to spend a relaxing day filled with entertainment, a gorgeous view, cheap beer, awesome food and an ambiance that cannot be found anywhere else. For more information, call (618) 786-2331.
Morrison's Irish Pub
Offers local and imported beers, Irish whiskeys and a food menu featuring an Irish wrap, cottage pie, and corned beef brisket served in this Irish themed pub.
JMC Design Gallery
JMC Design offers a distinctive selection of local artisans works, fair trade merchandise and essential oils. Some of the items offered are pottery, wall art, jewelry, bird houses and so much more. Unique gifts for all ages. Hours of operation are Wednesday - Saturday 12 p.m. - 7 p.m.
Murder in Maybury Mystery Dinner Theater
Welcome to Maybury the quietest little town in the whole country. Join us for an exciting evening of murder, mystery and mayhem at our Mystery Dinner Theater, where you can be the star of the show! Get ready to have fun! For more information, call (618) 786-2331.
Spencer T. Olin Golf Course
Scenic views are the centerpiece of this 7,000 yard, 18-hole Arnold Palmer designed golf course. The deceptively open design places a premium on accurate iron play in order to get close to the pin. This course is challenging enough for the skilled player but enjoyable for the recreational golfer as well.
Baymont Inn & Suites Galesburg
The newly remodeled Baymont Inn & Suites is ready to serve guests. Visit Galesburg and our many historic sites. Enjoy learning about Abe Lincoln, Knox College and Illinois in the 1850s with the Lincoln Douglas Debate site at Knox College. Galesburg has the Carl Sandburg Sate Historic Site that honors the legacy of our 2 time Pulitzer Prize winning native son and national treasure. Enjoy the newly re-imagined Discovery Depot Children's Museum, the Galesburg Railroad Museum, wonderful shopping and exceptional cuisine in beautiful downtown Galesburg.
Count Me Inn
Over Night Stays in an Historical House located on Main St. in the heart of the rivertown of Grafton. Within walking distance of riverfront, marina, specialty and antique shops, restaurants, wineries and bars. Sleeps up to 10. Short drive to nearby waterpark and hiking, biking trails.
Blues in the District
Regional and local bands provide free outdoor performances in Quincy's historic Washington Park. A downtown treat for summer nights, fun for all ages. Bring your lawnchair and refreshments, or purchase food on site. Free admission. Held the 2nd and 4th Friday evenings from June-August from 5:30-9:30pm. Concert dates include; June 10, 24, July 8, 22, August 12, 26
Derinda House
Guests have the upper floor with private bath. Full kitchen, living room with TV, wood burning fireplace, dining room and large deck with a great view.
Alton Muny Band: Riverview Park
Enjoy concert band music, which includes marches, concert pieces, popular tunes, and novelty numbers. This is family friendly and the concerts are free and open to the public.These concerts take place every Thursday evening June 9 - August 11 all starting at 8 p.m. Bring a blanket or lawn chair.
McCully Heritage Project
The McCully Heritage Project is a natural area made up of 940 acres of hills and hollows in Calhoun County, Illinois. The project offers 15 miles of hiking and horse back riding trails, two ponds for fishing and turtle watching, a wetland with a boardwalk, a hill prairie plot and more. Hiking is pleasant even in the summer as the wooded trails provide plenty of shade. Facilities are available for group activities, large and small. The focus of the McCully Heritage Project is upon cultural and environmental enjoyment, education, and preservation. The general public is welcome to hike, picnic, bird watch, and enjoy the natural beauty of the site. The McCully Heritage Project is located about 1 mile south of Kampsville, Illinois, off of Illinois Route 100. Take Crawford Creek Road west about 1/2 mile to MHP.
Real Deals on Home Decor
Home decor in a variety of themed styles. Clocks, mirrors, lamps, and furniture at warehouse prices. Open Thursday 10 a.m. - 6 p.m. and Saturday 10 a.m. - 4 p.m.
Duke Bakery
Duke Bakery is a full line retail bakery specializing in wedding cakes, specialty cakes, donuts, pastries, pies, breads, buns, and cookies since 1951.
Alice's Snyder House
Alice's Snyder House was built in 1856 and retains the charm of a bygone era. Decorated with many antique treasures, each room has a unique personality, perfect for a stay in the area.
Wild Hare Emporium
Wild Hare Emporium offers a wide variety of unique items perfect for gifts. They also offer antique furniture, home decor and collectibles. This is one store you don't want to miss. Open Wednesday through Saturday 10 a.m. to 5 p.m.
Treehouse Wildlife Center
TreeHouse Wildlife Center is a non-profit wildlife rehabilitation center dedicated to the rescue, rehabilitation and release of native injured and orphaned wildlife. Located on approximately eight serene and beautiful acres, it's the ideal environment for injured or orphaned animals who need time to recuperate. Visitors are welcome to come out for a self guided tour of the outdoor cages at our Dow facility. Guided tours also available. We are open from 10am - 3pm everday.
WOW Furnishings
Offers furniture that has been artistically redesigned and repurposed as well as creating custom pieces to fit customer needs. Open Thursday 12 p.m. - 8 p.m., Saturday 10 a.m. - 4 p.m., and Sunday 1 p.m. to 5 p.m.
Vintage Vanilla
Features new and repurposed home furnishings, antiques, candles, soaps and gifts. Hours of operation are Saturday 11 a.m. - 6 p.m. and Sunday 12 p.m. to 5 p.m.
Donnelly's Irish Pub
Donnelly's Irish Pub has been serving up satisfying, homemade food since 1971. Opened by husband and wife team, Terry and Molly Donnelly, these days the pub is operated by their son Ryan Donnelly. After growing up in the business, Ryan wanted to continue the family tradition of Irish food, drink, and good company.
Kewanee Chamber of Commerce Concert Series
Enjoy a different band each week. Food is available beginning at 5:15 pm. Music begins at 6:30 pm. Bring your lawn chairs or blankets and in case of inclement weather concerts will be at the Boss Community Building, 221 W. 1st Street. Held Thursdays: June 16,23, 30, July 7,14,21,28 August 4,11,18

subset: commoncrawl


text:
Independence Realty Trust (NYSEMKT:IRT)
Q4 2013 Earnings Conference Call
February 26, 2014, 09:00 AM ET
Andres Viroslav - Director, Investor Relations
Scott Schaeffer - Chairman, President and Chief Executive Officer
James Sebra - Treasurer and Chief Financial Officer
Farrell Ender - President, Independence Realty Advisors
Brian Hogan - William Blair
Wilkes Graham - Compass Point
Dan Donlan - Ladenburg Thalmann
Doug Weiss - DSW Investment
Good day, ladies and gentlemen, and welcome to the fourth quarter 2013 Independence Realty Trust Inc. earnings conference call. My name is Shantelle and I will be your facilitator for today's call. (Operator Instructions) I would now like to turn the call over to your host for today, Mr. Andres Viroslav. Please proceed, sir.
Andres Viroslav
Thank you, operator, and good morning to everyone. Thank you for joining us today to review Independent Realty Trust's fourth quarter and fiscal 2013 financial results. On the call with me today are Scott Schaeffer, IRT's Chief Executive Officer; Jim Sebra, IRT's Chief Financial Officer; and Farrell Ender, President of Independent Realty Advisors.
This morning's call is being webcast on our website at www.irtreit.com. There will be a replay of the call available via webcast on our website and telephonically beginning at approximately 1:00 PM Eastern Time today. The dial-in for the replay is 888-286-8010 with a confirmation code of 92995354.
Before I turn the call over to Scott, I would like to remind everyone that there may be forward-looking statements made in this call. These forward-looking statements reflect IRT's current views with respect to future events and financial performance. Actual results could differ substantially and materially from what IRT has projected. Such statements are made in good faith pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Please refer to IRT's press release and filings with the SEC for factors that could affect the accuracy of our expectations or cause our future results to differ materially from those expectations.
Participants may discuss non-GAAP financial measures in this call. A copy of IRT's press release containing financial information, other statistical information and a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure is attached to IRT's most recent current report on Form 8-K available at IRT's website, www.irtreit.com, under Investor Relations. IRT's other SEC filings are also available through this link. IRT does not undertake to update forward-looking statements in this call or with respect to matters described herein, except as maybe required by the law.
Now, I would like to turn the call over to IRT's Chief Executive Officer, Scott Schaeffer. Scott?
Scott Schaeffer
Thanks, Andres, and thank you all for joining our call today. I'd like to start with the financial highlights of 2013 as compared to 2012. Total revenues for the quarter grew 29% to $5.8 million. Operating income for the quarter increased 44% to $1.3 million. Core funds from operations per share increased 11% to $0.20 for the fourth quarter.
During the fourth quarter, we acquired a property in Jackson, Mississippi and subsequently to quarter end we acquired a property in Illinois. In addition, we expect to close the Oklahoma City portfolio acquisition shortly. Subsequent to yearend we raised $67 million through the sale of 8 million shares of common stock to close on properties we have under contract and also to fund our pipeline of opportunities.
We continue to see solid opportunities to purchase stable apartment properties in submarkets with strong rental demand and limited additions to supply, which results in the potential for rent increases and improved operating efficiencies. The financing for these properties also remains very favorable.
As a result of our progress and performance of the portfolio, IRT's board announced monthly dividend increase to $0.06 or $0.18 per quarter for the first quarter of 2014, a 12.5% increase from the prior monthly dividend rate.
At this point, I'd like to turn the call over to Jim Sebra to go through the financial numbers. Jim?
James Sebra
Thanks, Scott. During Q4 2013, core FFO was $0.20 per share, up from $0.18 per share in Q4 2012. Note that our weighted average shares outstanding were 9.6 million shares this quarter as compared to a fully diluted 5.6 million shares in Q4 2012. This increase is due entirely to the 4 million shares we issued in our August public offering.
Earnings per share was $0.03 this quarter, up from $0.01 loss per share during Q4 2012. For 2013 core FFO was $0.81, a 14% increase from $0.71 in 2012 on higher weighted average shares. We reported GAAP earnings per share of $0.12, up from a loss of $0.02 per share in 2012.
A few items of note on the annual income statement. Revenue was up $3.3 million in 2013 as compared to 2012. This increase breaks down into $2.8 million of revenue from additional properties that were acquired in 2013 or present for full year in 2013 as compared to 2012 and $500,000 of additional revenue from improved occupancies and increase in rental rates during 2013.
Property operating expenses increased $1.4 million in 2013 as compared to 2012. This increase breaks down into $1.2 million from new properties in 2013 as compared to 2012 and $100,000 from increased expenses for real estate taxes, utilities and property insurance.
As a result, property NOI was $10.5 million for the year, up 23% or $2.0 million compared to 2012. Occupancy at the same-store properties was 93.9% at yearend compared to 91.7% at December 31, 2012. The average rental rate for the same-store properties was $779 per unit per month in the fourth quarter as compared to $755 per unit per month during the Q4 last year.
Our Heritage Trace asset continues to improve after the close last year reduced its occupancy for the first half of 2013. In order to accelerate occupancy growth at this asset, we reduced our asking rents until occupancy returns to a more stabilized level. Excluding Heritage Trace, rental rates increased 4% in our same-store assets since Q4 2012.
Other expenses, including G&A, are down primarily due to the movement of our transfer agent from DST to American stock transfer in May of 2013. Interest expense increased by $354,000 year-to-year due to the $10 million of agency financing we used to purchase Runaway Bay in October of last year. The annual coupon of that debt is approximately 3.6%.
On the balance sheet, our leverage was 52% at December 31, 2013, based on debt to gross assets. In August 2013, we raised $34 million to our initial listing of IRT on the New York Stock Exchange, MKT and properly deployed the majority of this proceeds in the two properties, Berkshire Square in September 2013 and the Crossings assets in November 2013.
Berkshire Square is a 354-unit apartment property located in Indianapolis that was purchase for $13.25 million. The Crossings is a 432-unit apartment property located in Jackson, Mississippi that was purchase for $23 million.
During Q4 2013, we closed a $20 million acquisition line of credit with Huntington National Bank. At yearend, we had $2.5 million outstanding under this line of credit. In addition, we financed Berkshire Square with $8.6 million of permanent financing at yearend. This new first mortgage has a term of seven years and bears interest at 4.4%.
In January 2014, IRT accessed the capital markets for a second time, issuing 8 million common shares and raising gross proceeds of approximately $67 million. $29 million of these proceeds were used in late January to acquire a 370-unit apartment property in Waukegan, Illinois. Lastly, IRT is paying its common dividend monthly at quarterly rate of $0.18 per quarter.
Scott, this concludes the financial review.
Scott Schaeffer
Thank you, Jim. And at this time, I'd like Farrell to discuss IRT's acquisition strategy and pipeline. Farrell?
Farrell Ender
Thanks Scott. We continue to make progress growing the portfolio, by acquiring well-located assets in secondary markets. In the fourth quarter, we closed on one asset. Subsequently in January, we close one additional asset and are under contract negotiations to acquire eight properties, representing 2,150 units, all of which we expect to close in next 45 days. Once these acquisitions close, IRT's portfolio will be approximately $350 million, consisting of 19 apartment communities and 5,300 units.
In November 2013, we closed on the Crossing, a 432-unit property located in Jackson, Mississippi, for $23 million and a going in cap rate of 7.5%. In late January, we closed on The Reserve at Eagle Ridge, a 370-unit apartment complex located at 45 minutes north of Chicago. The purchase price for Eagle Ridge is $29 million and had a going in cap rate of 7.1%. We financed Eagle Ridge with a 10-year loan at 4.67% interest rate. The asset was sourced by RAIT Residential, as they managed the property for the previous owner.
As Scott mentioned, we expect to close the Oklahoma City portfolio this week. The portfolio contains five properties, totaling 1,600 units. The purchase price is $65 million and we will assume $45 of existing debt, requiring $20 million of equity.
This week we also expect to go under contract on a property in Creve Coeur, Missouri, a suburb in St Louis. The property is a mid-rise apartment community with 152-apartment units and 10,000 square feet of retail space. We are buying the property for $32.7 million and assuming $21 million of existing debt that had nine years remaining at a 3.96% interest rate. The asset will provide in excess of a 10% cash-on-cash return and we expect to close in the middle of March.
St Louis is a market we expect to grow. It has a population of 3 million people and apartment inventory of 135,000 units, contains four universities with 40,000 students, a diverse economy that includes healthcare and manufacturing. The market has had very few units added and no meaningful amount of new supply is expected. The overall vacancy rate in this market is less than 5%.
We are also in the process of finalizing purchase and sale agreements on two properties totaling 338 units to combine $38 million purchase price located in Ridgeland, Mississippi, a suburb north of Jackson. These two acquisitions combined with The Crossings property we already own, will create a small region for us and will benefit from the combined operating efficiencies. We expect these acquisitions to close within 45 days.
Lastly, in regards to the pipeline, we are constantly looking at our target markets and underwriting potential acquisition opportunities. The pipeline currently stands at nine properties, with a total acquisition cost of $175 million containing 2,000 units. The property is on various stages of underwriting and due diligence.
Many these opportunities are sourced through our external manager RAIT Financial Trust existing relationship platform, which is proving to give IRT unique access to transactions. Additionally, our property manager RAIT Residential has proven to be a good source of deal flow, as they have an extensive relationship and now work in 17 states in which they manage properties.
Scott, back to you.
Scott Schaeffer
Thank you, Farrell. At this point, operator, I'd like to open the call up for questions.
Question-and-Answer Session
(Operator Instructions) Your first question comes from the line of Brian Hogan of William Blair.
Brian Hogan - William Blair
And I'll just start with a question on competition in your target markets. The St. Louis deal, the Mississippi deal, I mean, Oklahoma, just in your target markets, give us a feel of what the competition is?
Farrell Ender
It's generally a REIT before your local operators to have a couple of thousand units. We feel given our size and the excellent management and the resources we have with RAIT Residential and RAIT that we are able to compete on higher level and underwrite the deals, significant cost savings that we generate from that platform.
Scott Schaeffer
We have a lot of competition at this point Brian.
Brian Hogan - William Blair
You have not, you said.
Scott Schaeffer
We have not seen a lot of competition in these markets, again any organized competition. And the Oklahoma City deal and the Illinois deal, again, were sourced off market. The seller didn't hire a broker and put out the properties to bid. We were able to do that off market just from the relationships that we've had here at RAIT, and we expected to do a lot more of that. St. Louis was a deal that was marketed. We felt that we identified some operating efficiencies, and were able to come to terms, because of that come to terms with the seller at a number that were true for both of us.
Brian Hogan - William Blair
What are you seeing terms of cap rates/pricing, if you will?
Farrell Ender
It's relatively unchanged since the last call. Interest rates have been steady, so we're able to see the same cap rates to be identified at 7-plus. In some cases like St. Louis, they may go a little bit lower because of the quality assets, but the debt that's in place in St. Louis made it attractive.
Scott Schaeffer
We're still seeing the 6.75 to 7-to-7.25.
Brian Hogan - William Blair
And then I know it's going to vary by markets, but can you maybe a sense of a feel of where we're at in the cycle in the terms of rental rates and occupancy rates? Is it a point where you can still push rental rates and still maintain occupancy or is it given the point where rental rates have to level off? And with that should we still assume 3% increases in rental rates on an annual basis or is it [multiple speakers]?
Scott Schaeffer
I would assume 4% on an annual basis. I think the markets that we're targeting, again, are areas where there is no new or very limited additions to new supply being added. That's one of the things that we like and we look for. And as far as occupancies go, occupancies, they're pretty strong. And I would say mid-90s is full occupancy.
You don't want to be higher than that. And again, one of the things that we do is that we subscribe to the [ph] ORO service, which allows us to manage rental rates relative to occupancies and to make sure that we're getting the highest possible rate relative to the demand for that unit in the market at that time.
So we're happy with occupancies, where they are. We do believe, however, that in these markets that we still have another year or maybe two of 4% or so year-over-year rental increases. And it may drop a little bit down from there, but these are markets, again, with no new additions to supply.
They are properties and markets that have strong occupancy, so there is no place for these tenants to go to other than to buy a house, and that's not as easy as it was years ago. And at the same time you have growing population and growing employment. So the dynamics are there for continued rental increases over at least the next year or two.
Next question comes from the line of Wilkes Graham of Compass Point.
Wilkes Graham - Compass Point
I have a number of questions up here. Some of these are pretty easy, I think. I just want to clarify, for myself, some of the things you said. I've got the eight properties on the contract that obviously includes the five in Oklahoma City, and then you mentioned the other three. Did you mention a cap rate on those three new assets?
Farrell Ender
No, I did not. The St. Louis property is in the low-6s, but that's a product of the existing debt, but then placed itself at 4%. The two in Jackson are going to be around 7.25%.
Wilkes Graham - Compass Point
And those are nominal cap rates, right, before CapEx?
Farrell Ender
Wilkes Graham - Compass Point
Do you have, how much CapEx you spend during the fourth quarter?
Farrell Ender
Jim has that number.
James Sebra
Sure. The CapEx for the quarter was about $315,000, broken down into about $200,000 for what we call recurring and about $100,000 is non-recurring.
Wilkes Graham - Compass Point
And do you have the incentive fee?
James Sebra
I don't have it in hand in front of me, but it was relatively nominal. I can call you a little bit later.
Wilkes Graham - Compass Point
Just to clarify, you said same-store rents were up 4% year-over-year?
James Sebra
Wilkes Graham - Compass Point
Do you have the NOI number?
James Sebra
NOI growth year-over-year was just over 6%.
Scott Schaeffer
For that same-store portfolio, 6.3% actually.
Wilkes Graham - Compass Point
You mentioned the St. Louis asset, the $38 million, the two extra assets, did you say where those were?
Farrell Ender
They're in Ridgeland, which is a suburb north of Jackson. With The Crossings, you've got a nice 700-unit portfolio there.
Wilkes Graham - Compass Point
And do you just have any general comments about particular markets where you're seeing more acquisition opportunities?
Farrell Ender
They're coming from the markets that were -- I mean that's where Jackson came from, because we're there. So usually we're closing deals. The locations we're closing, we're obviously seeing opportunity. But now that we're out, we're in the CB network, we're in the HFF network, all of our mortgage back as we dealt with. I mean we're seeing deals from all over the place to kind of honest with you. We're trying to just pick up the best opportunity we see.
Wilkes Graham - Compass Point
Can you give us a sense for where, maybe Fannie and Freddie pricing on a single multifamily asset has gone from maybe that it seems to me last summer it was somewhere around 200 bps over the seven-year, which came out to maybe as high as 4.5%, but I am just curious if that's come down and where that's?
Farrell Ender
That right now is extremely attractive. That product is it's just being the beginning of the year as well. Freddie on that product that you just talked about, a seven-year loan is probably 185 over now, the seven-year treasury is at 215. Yes, you're right, around 4%. We're also seeing a lot of like companies being aggressive as well, so they'll be pricing, if they like your asset, I mean they're a lot more selective than Freddie and Fannie, they are pricing anywhere from 130 on a high quality asset to 160 over a seven-year. So you're seeing sub-4 percentage rates now.
Your next question comes from the line of Dan Donlan of Ladenburg Thalmann.
Dan Donlan - Ladenburg Thalmann
Jim, just going back to the comment on the incentive fee, is that roped into the G&A expense for the quarter.
James Sebra
I don't have in hand. I'll get it for you and send it around.
Dan Donlan - Ladenburg Thalmann
And then as far as the dividend is concerned, was kind of curious as to why you guys raised the dividend for the first quarter. I think the stock is, the current yield is 8.5%, the average apartment REIT is 3.5%. I'm not necessarily sure you're being compensated for paying a larger dividend. Why not just pertain the cash and use it towards new acquisitions?
Scott Schaeffer
Well, first of all the amount of cash in dollar terms that you're speaking about is relatively minor. So to retain that for acquisitions really wouldn't amount to much. So as we grow the company, we were going to need additional capital anyway, regardless of whether we raise the dividend or not.
And the reason that the board agreed to raise it was, because they looked at the pipeline, they looked at the cap rates versus the financing costs and felt that the company's cash flow was increasing quarter-over-quarter at a level which warranted an increase in dividend.
Again, we're a REIT. We're going to payout a majority of our cash, as the company grows. I think you may see us dial back the percentage of the amount of cash that we're paying out to a more standard level. But at this point in early stages, the board felt it was more important to distribute out the cash flows that we're generating. And it has been increasing and is projected to continue to increase, the cash flow that is.
Dan Donlan - Ladenburg Thalmann
I guess I'm kind of curious as to, and I hear you on how small the number it is. I'm just kind of curious as to how you're going to look at on a going-forward basis. And I won't speak to the validity of my model, but when you look at the dividend on a going-forward basis, do you look at it more on your operating cash flow or CAD, so including principal amortization as well as all CapEx or do you look at it more on kind of an FFO percentage number, because obviously as a REIT the last thing you want to do is reduce the dividend. So just kind of curious, how you're thinking about that as we look out a year or two or three years from now?
Scott Schaeffer
We're looking at it on a percentage of core FFO. And I agree with you, we never want to be in a position where we're going to be reducing the dividend. But you have to remember that, again, we're in this growth mode, where we're acquiring properties that are very accretive, notwithstanding the cost of the capital. They are accretive to that capital. So we have a growing cash flow at this point.
Dan Donlan - Ladenburg Thalmann
And then as you're looking on acquisitions, I know you mentioned that you acquired an asset at a low-6 cap, and the reason it was low was because the debt on that property was lower. Do you expect though that that asset is going to have a higher growth rate though than some of the ones that you're acquiring in the low-7 cap range?
Scott Schaeffer
We expected to have a similar growth, at the same time when we set a low-6s cap rate, that's based upon the trailing cash flow. And we think that we've identified some operating efficiencies that over the course of the first year that that cap rate based upon our operations would be higher.
You combine that with, again, a debt cost that is lower than what the market was at that time, the market may have come back to that now a little bit, but it's still generating north of 10% cash-on-cash return going in. So we do expect that and we expect that to grow. So it goes there within the model that we've laid out.
Dan Donlan - Ladenburg Thalmann
And then the other thing going back to your property manager, asset managing so many different properties, can you maybe talk about how that's impacting your ability to purchase assets that you believe? What does that give you versus somebody that maybe only manages 20 properties? I mean what's the scale that you have there from operating expense and savings?
Scott Schaeffer
Well, I'm not sure I got that question completely. But we have a wide reach through our property manager. We're in many different markets and dealing not only with properties that we own or control, but also managing third-party property. So there is an enormous amount of opportunity that comes from those relationships.
The Illinois property, for example, is one that we had managed for a third-party for years. They decided they wanted to sell it. We were able to just talk with them amongst ourselves and come to an agreement and buy it. Those are opportunities that a typical company without those relationships wouldn't see.
But as far as the operating efficiencies, we think that, again managing, I think we're up to 13,000 units give or take now on RAIT Residential. There are benefits from size, utility contracts; cable contracts are basically on a national basis. As you know, [ph] Nowcom basically controls the whole country.
So as we go in and negotiate cable and internet contracts with the provider, we have a relationship with them. We are a big provider of business to them. It gives us an advantage, the same thing with trash removal, waste management. You're dealing with the same company in many different markets. You're not just going in and negotiating a one-off transaction. So we've talked about this, where we actually have a personnel in staff here, whose sole job is, when we acquire properties, when renegotiate all of these contracts, and what we found is there is enormous savings associated with that effort.
One example is the Oklahoma City portfolio. We have a Blanket Policy here, insurance policy that covers north of $1 billion worth of real estate assets. That with Oklahoma City's five property portfolio was insured by itself. When we rolled into our policy, it's already been priced. It's going to save $0.5 million a year. So that happens over and over again and before you know it adds up the real money.
Your next question comes from the line of Doug Weiss of DSW Investment.
Doug Weiss - DSW Investment
I was wondering if you could speak a little more generally about how you look at your all-in cost to capital. I recognized that your financing rates are well, but the cost of equity capital looks pretty high here. And whether there is a sort of minimum cap rate threshold, at which point you say, as much as we want to grow, we're going to wait until the equity is fairly valued?
Scott Schaeffer
Well, the cost of our capital right now is our dividend rate because what we have other than the property level debt is common shares outstanding. So having said that, we are looking at that cost of capital all the time, we would like it to be lower, but it's a factor of the size of the company. And we do expect that as the company grows and the portfolio becomes larger and more diverse that the market would view it as being somewhat safer and reduce the cost associated with that equity capital.
Having said that, when we put the acquisitions and the cap rates that are available to us in the model with the debt, we're actually still doing accretive acquisitions even with that higher cost of capital. So that's part of the opportunity as we see it. We grow the portfolio in a way that's accretive even to the high cost of capital today, and as that cost comes down, there is real growth potential within the shares.
Doug Weiss - DSW Investment
I guess my follow-up would be, is there kind of a sweet spot in terms of portfolio size, where you envision getting more of a market multiple?
Scott Schaeffer
I am sure, there is. But at this point, we haven't really thought about it that way. We are so small relative to the other multifamily REITs out there, that we just know that we need to grow the company from where it's at and do that for some time and that's our plan. There are lots of opportunities out there and we just want to take advantage of them in every instance.
At this time, there are no additional questions in the audio queue. And I would like to turn the conference back over to Mr. Scott Schaeffer for closing remarks. Please proceed, sir.
Scott Schaffer
Well, thank you for joining us today. And we look forward to speaking with you next quarter. Have a good day.
Thank you for your participation in today's conference. This concludes the presentation. You may now disconnect. Have a wonderful day.
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Independence Realty Trust (IRT): Q4 FFO of $0.20 beats by $0.03. Revenue of $5.8M (+29% Y/Y) beats by $0.13M.


text: Cops believe they've identified Eaton Centre gunman Add to ... CP Video Published Sunday, Jun. 03, 2012 9:12PM EDT Last updated Sunday, Jun. 03, 2012 9:15PM EDT Police say the gunfire in a downtown Toronto shopping mall was a targeted attack -- and they believe they know who the shooter was. The Saturday evening incident killed one man and injured seven others Watch More Video: DNC chairwoman Debbie Wasserman Schultz resigns following e-mail leak Kaine: Clinton is 'opposite of Trump' Ten dead in Munich shooting, including gunman Raw footage shows police clearing Munich streets after shootings How a 'Dudes Club' in Vancouver is helping homeless men feel human again Many believed dead in Munich shopping mall shooting Shots fired at shopping centre in Munich: Police German police on active search dealing with 'shooting rampage' Former KKK leader David Duke to run for U.S. Senate Prince Harry talks about his mother's symbolic Aids gesture Save us, say Syrian children holding Pokemon pictures Family dances in memory of slain Calgary mother, daughter NBA pulls All-Star game from Charlotte over transgender law Close to 3,000 migrants dead in Mediterranean in 2016: IOM Watch the highlights from Trump's 75-minute speech in under 4 minutes 'He's colour blind and gender-neutral': Ivanka Trump introduces her father at convention 'I am proud to be gay. I am proud to be a Republican': Peter Thiel at GOP convention Chairman of Republican party rails against Hillary Clinton in convention remarks Republican convention speaker inserts 'yo mama' joke into speech Roger Ailes is out as Fox News chief executive Comments closed AA


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I have a strange problem with using ajax post requests. I use the request to run an ImageMagick process directly on the command line by using php function exec(). The process takes about a minute, and then responds with some variables. This is working fine, except from one problem. During the execution time I cannot excess other parts of the website that are installed on the same webserver (as if the server is unreachable). When the process finishes, everything works fine again.
I first thought this to be due to an overloaded server. However, when you access the website via another browser, there are no problems, even during the execution time of the process in the other browser. So it looks like the problems has something to do with browsers blocking other requests during the post request.
Could anyone help me out here? What could be the root problem?


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Level 0 Comments: Untouched account
OfflineSend mail to samhampel Block samhampel Invite samhampel to be your friend
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Level 0 Content: Untouched account → Level 1 Content: New Here
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- Views: 5053Are You Horny?
27 15 Total: +12
Comments: 0
Favorites: 1
Uploaded: 11/14/12
latest user's comments
|#37 - Everybody is obsessing over the cat or the hot guy, but I just… [+] (5 new replies)
|01/07/2013 on Christmas Picture
#50 - gjsmothefirst (01/07/2013) [-]
Nope, Glamdring.
#42 - silverzepher (01/07/2013) [-]
all bastard swords have a hand and a half grip, that is what makes them bastard swords and not claymore or a sword, or a long sword(as in a one handed blade the length of ones arm, just the blade) .
#46 - soluminar (01/07/2013) [-]
The saddest thing is despite vaguely knowing that, the first thing I noticed and said was "That's Glamdring!" (Gandalf's sword if anyone doesn't get the reference). Which it is. I then preceded to pull up a Google image to compare, with my girlfriend curiously looking over my shoulder. When she saw what I was doing she rolled away laughing, leaving me feeling like the biggest nerd on the planet.
(Btw,I made this account just in order to share this)
#51 - gjsmothefirst (01/07/2013) [-]
Indeed it is Glamdring. Instantly recognizable.
My favorite is probably Anduril, but you know, not like I use swords every day, so it doesn't exactly matter.
#47 - silverzepher (01/07/2013) [-]
thumb, for your partial feelings, but i didn't notice if it was his or not, i read the books and didn't pay attention to the fellowship series, and i haven't seen the hobbit yet.
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Book your room at Le Grande Bali
Get an overview of this hotelFamily-friendly Pecatu hotel in Uluwatu with 2 outdoor swimming pools
This family-friendly Pecatu hotel is located in the mountains, within a 15-minute walk of New Kuta Golf and New Kuta Green Park. New Kuta Beach and Bingin Beach are also within 2 mi (3 km).
Hotel Features
This hotel features 2 outdoor pools, a full-service spa, and a restaurant. Free WiFi in public areas is provided, as well as free valet parking, a free area shuttle, and a free beach shuttle. Additionally, a bar/lounge, an outdoor tennis court, and a spa tub are onsite.
Room Amenities
All 190 individually decorated rooms feature free WiFi and 24-hour room service. For a bit of entertainment, LCD TVs come with satellite channels, and guests will also appreciate thoughtful touches like bathrobes and slippers.Would you like to give us feedback? Share it! Opens in a new window
Hotel Amenities
Hotel Amenities
Le Grande Bali features a full-service spa, 2 outdoor swimming pools, an outdoor tennis court, and a spa tub. The hotel offers a restaurant. A bar/lounge is on site where guests can unwind with a drink. Public areas are equipped with complimentary high-speed wireless Internet access.
This Art Deco hotel also offers a children's pool, spa services, and a library. For a surcharge, the property provides a theme park shuttle and a roundtrip airport shuttle. Complimentary self parking and valet parking are available on site.
- 24-hour front desk
- Airport transportation (surcharge)
- Free area shuttle
- Bar/lounge
- Free beach shuttle
- Pool umbrellas
- Billiards or pool table
- Breakfast available (surcharge)
- Children's pool
- Free newspapers in lobby
- Concierge services
- Conference space
- Dry cleaning/laundry service
- Elevator/lift
- Free self parking
- Free valet parking
- Free WiFi
- Full-service spa
- Garden
- Gift shops or newsstand
- Laundry facilities
- Library
- Luggage storage
- Meeting rooms 2
- Multilingual staff
- Number of floors - 5
- Number of outdoor pools - 2
- Outdoor tennis court
- Porter/bellhop
- Restaurant
- RV, bus, truck parking
- Safe-deposit box at front desk
- Shopping center shuttle (surcharge)
- Spa services on site
- Spa treatment room(s)
- Spa tub
- Terrace
- Theme park shuttle (surcharge)
- Total number of rooms - 190
- Wedding services
- Year Built 2009
Family Friendly Amenities
- Area shuttle (complimentary)
- Children's pool
- Free Wi-Fi
- Laundry facilities
- Outdoor pools
- Outdoor tennis court
- Refrigerator
Available in all rooms: Free WiFi
Available in some public areas: Free WiFi
Free self parking, Free valet parking, RV, bus, truck parking
Room Amenities
- Air conditioning
- Bathrobes
- Bidet
- Blackout drapes/curtains
- Free toiletries
- Daily housekeeping
- Desk
- Free WiFi
- Furnished balcony
- Hair dryer (on request)
- In-room massage available
- In-room safe
- Individually decorated
- Phone
- Private bathroom
- Refrigerator
- Room service (24 hours)
- Satellite TV service
- Separate bathtub and shower
- Slippers
Where to Eat
Grand Cafe Restaurant - This restaurant is located by the pool. Guests can enjoy alfresco dining (weather permitting). Open 24 hours. Reservations are required.
24-hour room service is available.
Nearby Things to Do
An outdoor tennis court and complimentary bicycles are featured at the hotel. 2 outdoor swimming pools are on site along with a children's pool. Other recreational amenities include a spa tub.
The recreational activities listed below are available either on site or nearby; fees may apply.
- Golfing on site
- Free bicycles on site
- Scooter/moped rentals nearby
- Golf lessons available nearby
- Hiking/biking trails on site
- Playground on site
- Yoga classes/instruction on site
- Segway rental/tour nearby
Spa Services
Le Spa has massage/treatment rooms. Services include facials, body scrubs, and body treatments. A variety of treatment therapies are provided, including reflexology.
Children under 10 years old are not allowed in the spa without adult supervision. Guests under 10 years old are not allowed in the spa.
- Reflexology
- Body scrubs
- Minimum age to access spa is 10
- Body treatments
- Facial treatments
Hotel Policies
Check-in time ends at Midnight
Check-in time starts at 2 PM
Special check-in instructions:
Check-out time is Noon
Payment types
- No pets or service animals allowed
You need to know
Extra-person charges may apply and vary depending on hotel policy.
Government-issued photo identification and a credit card or cash deposit are required at check-in for incidental charges.
Special requests are subject to availability upon check-in and may incur additional charges. Special requests cannot be guaranteed.
No rollaway/extra beds available
No cribs (infant beds) available
No pets or service animals allowed
- New Year's Eve (31 December) Gala Dinner per child: IDR 35 (from 3 to 11 years old)
- Resort fee
Optional extras
- Breakfast fee: IDR 95000 for adults and IDR 55000 for children (approximately)
- Airport shuttle fee: IDR 30 per vehicle (one way)
- Rollaway beds are available for an additional fee
Hotel Name
- Grande Bali
- Grande Bali Hotel
- Grande Bali Hotel Pecatu
- Grande Bali Pecatu
- Le Grande Bali Pecatu
- Le Grande Hotel Pecatu
We should mention
Guests must transfer via required shuttle to the property. Guests must contact the property at least 24 hours before travel, using the contact information on the confirmation received after booking. Reservations are required for massage services and spa treatments. Reservations can be made by contacting the hotel prior to arrival, using the contact information on the booking confirmation. A resort fee is included in the total price displayed. Children 11 years old and younger stay free when occupying the parent or guardian's room, using existing bedding. Only registered guests are allowed in the guestrooms. No pets and no service animals are allowed at this property.


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Kukla's Korner Hockey
Category: NHLPA
Tracking The All-Star Game
by Paul on 01/06/15 at 12:05 PM ET
Comments (0)
from Chris Johnston of Sportsnet,
The NHL is preparing to take a glimpse into the future by using player-tracking technology at the upcoming all-star game.
Officials from the league and NHL Players' Association will be in Columbus for testing early next week, according to two sources, with the goal of employing the Sportvision system during the Jan. 24 skills competition and Jan. 25 all-star game at Nationwide Arena.
That would see computer chips placed in the sweaters of each player, plus the puck, to chart what is happening on the ice. As a result, everything from how fast and far a player skates to how hard he shoots and positions himself would be measured in real time.
Filed in: NHL Teams, NHL Talk, NHLPA, | KK Hockey | Permalink
One World Cup Of Hockey Plan
by Paul on 01/06/15 at 09:39 AM ET
Comments (3)
from Kevin Allen of USA TODAY,
Nothing has been finalized, and we are being told there are still several issues to be settled, but the NHL and NHL Players' Association are discussing a World Cup tournament field that would include USA, Canada, Russia, Sweden, Finland and the Czech Republic, plus a European All-Star team made up of players from other countries and a team made up of top young players from North America....
This plan would allow us to see Slovenia's Anze Kopitar, Switzerland's Roman Josi, Austria's Thomas Vanek, Norway's Mats Zuccarello, Germany's Christian Ehrhoff and a legion of Slovaks led by Zdeno Chara.
Out-of-the-box thinking is also how we landed on the idea of patching together a team of rising young stars to compete as the eighth team. Colorado's Nathan MacKinnon probably won't make the Canadian team, but he will be the No. 1 center on this team. Florida's Aaron Ekblad could be the top defenseman and Anaheim's John Gibson could be in net.
It's a creative plan to be sure, but would it make the World Cup a better tournament?
Of course not.
The public's love for country vs. country competition is well-established. Could you imagine soccer's World Cup embracing this idea?
Filed in: NHL Teams, NHL Talk, NHLPA, Non-NHL Hockey, International Hockey, | KK Hockey | Permalink
Ryan Getzlaf With His Side Of The Story Regarding The Team Only Skate
by Paul on 12/30/14 at 05:56 PM ET
Comments (0)
from Lance Pugmire of the LA Times,
Ryan Getzlaf said he was not encouraged by a Ducks official to stage the team practice he arranged Friday during the NHL's mandatory holiday dead period.
The NHL is investigating the practice because it happened during a time that was negotiated through the collective-bargaining agreement as a mandatory three-day break.
A league spokesman said the NHL wants to know whether Getzlaf acted on his own or was urged by anyone in the organization to gather the players.
Getzlaf, the Ducks' captain who ranks second in the NHL with 30 assists, said Tuesday that he informed Ducks Coach Bruce Boudreau about the Friday practice before it happened.
"He [Getzlaf] said that's what he wanted to do, and I said, 'OK, fine,' " Boudreau said. "To this day, I don't know what time they skated, don't know how many guys were there. I'm glad they did, but it was all Ryan's idea."
Getzlaf said he rented ice for teammates "because I felt I needed to skate. We had [children] on the ice, very informal, we kind of putted around for 20 minutes."
Filed in: NHL Teams, Anaheim Ducks, NHL Talk, NHLPA, | KK Hockey | Permalink
Tags: ryan+getzlaf
Afternoon Line- Allan Walsh
by Paul on 12/22/14 at 01:38 PM ET
Comments (3)
See Renaud Levoie's recent Twitter timeline for the Bill Daly quotes...
Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
Tags: allan+walsh
Ready For Another CBA Battle?
by Paul on 12/18/14 at 03:23 PM ET
Comments (3)
from Adam Proteau of The Hockey News,
There are still another seven seasons remaining in the NHL's current collective bargaining agreement and the league's business is booming to the point of serious and public expansion discussion. But as far as NHL Players' Association executive director Donald Fehr is concerned, once the CBA ends after the 2021-22 campaign, the league's labor history will repeat in the most unfortunate of ways.
That's right. Prepare yourself for another lockout.
"If you put baseball to the side where there's no cap, I don't see anything yet which suggests any of the other three (North American) leagues are likely to break out of the phenomenon of a lockout every time, because a salary cap produces that phenomenon on the management side," Fehr told THN Wednesday in an interview for a feature that appears in THN's upcoming People of Power And Influence special edition. "(Owners) think they've got nothing to lose: "Let's just go see what happens, and maybe we'll get a little bit more."
Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
Tags: donald+fehr
The Latest On The World Cup Of Hockey
by Paul on 11/25/14 at 07:57 PM ET
Comments (0)
from Rick Westhead of TSN,
The National Hockey League and the Players' Association hope to generate between $75 million and $100 million from the rekindled World Cup of Hockey, according to their preliminary estimates.
A person familiar with the matter told TSN that the eight-team tournament, which is scheduled to be held in September 2016, will raise about half its revenue from the sale of broadcast and internet streaming rights. The NHL and NHLPA have predicted those rights may garner close to $50 million.
NHL senior vice president John Collins said it's too early to say how much cash the league and NHLPA will generate.
"We are not at the finish line yet on the WC," Collins wrote in an email. "More meetings still needed with PA and federations. Premature to comment on any specifics."
Filed in: NHL Teams, NHL Talk, NHLPA, Non-NHL Hockey, International Hockey, | KK Hockey | Permalink
Marcel Dionne Enjoyed Playing When He Did, Even Though The Financial Picture Was Different
by Paul on 08/25/14 at 01:22 PM ET
Comments (0)
from Katie Strang of ESPN,
Dionne, who amassed 1,771 points over the course of his 18-year NHL career, said he enjoyed his time playing, even if the financial landscape was such a contrast from the multimillion-dollar mega-deals players are signing now.
"When we played, it was for thousands of dollars; now it's for millions of dollars," Dionne said.
He holds no hostility toward current NHL players despite that disparity in pay, however. Dionne said he's adapted to the game and its changing salary structure.
He credits the NHLPA with the help it has given former players, but said that some of his contemporaries still can't get their mind around what the top players are making these days. Explaining why P.K. Subban deserves to be making $9 million on average per year isn't always easy, but Dionne is content with the livelihood he earned during his playing days.
"Some guys don't understand and think the game owes them something," Dionne explained. "The game owes me nothing. It's not what you make, it's what you do with your money."
the story is actually about the LA Kings so read more if interested...
Filed in: NHL Teams, Los Angeles Kings, NHLPA, | KK Hockey | Permalink
Tags: marcel+dionne
A Successful Smashfest
by Paul on 07/25/14 at 03:47 PM ET
Comments (0)
TORONTO (July 25, 2014) – Dominic Moore, New York Rangers forward, is pleased to announce that last night's Smashfest charity ping-pong event raised $140,000, which will benefit two important causes: concussions and traumatic brain injuries; and rare cancer research and advocacy. In three years of the annual Smashfest event being held, a total of $270,000 has been raised for charity.
"We had an amazing time at Smashfest again this year," said Dominic Moore, New York Rangers forward and Smashfest host. "The support we received was impressive on all fronts, from the players and guests in attendance, to the NHLPA and all of our partners. I'm proud that $140,000 was raised to further help with research into concussions and rare cancers."
Twenty-three current and former player NHL players attended the third annual Smashfest event this year: Dominic Moore (Host), Derick Brassard, Alex Burrows, Mike Cammalleri, David Clarkson, Logan Couture, Michael Del Zotto, T.J. Galiardi, Doug Gilmour, Mike Johnson, Kevin Klein, Nick Kypreos, Shawn Matthias, Jamie McLennan, Jeff O'Neill, Teddy Purcell, Zac Rinaldo, Tyler Seguin, Jeff Skinner, Cam Talbot, Chris Tanev, Stephane Veilleux and Kevin Weekes.
Filed in: NHLPA, | KK Hockey | Permalink
Tags: dominic+moore
That Darn Salary Cap
by Paul on 07/09/14 at 07:30 PM ET
Comments (0)
from Tony Gallagher of the Vancouver Province,
When you look at what Jonathan Toews and Patrick Kane of the Chicago Blackhawks got in their new eight-year contracts Wednesday and compare this to what the top players were getting back in 2004 before the salary cap, it just might be that the NHL Player's Association has outlived it's usefulness.
While it may sound to many in Canada like these two guys are making a wage that nobody should get for playing professional sports, it is also quite clear that if the normal market basics were to play out and these two could sell their services to any team the way a person can work for any firm he or she chooses, they are tremendously underpaid.
The collective bargaining agreement between the NHLPA and the NHL is clearly holding many players back and not just the top earners. What it does is create a minimum wage which may, repeat may, help quite a few players, but for the most part it serves to put the players into a straight-jacket so they can be beaten up by the NHL owners who have seen the asset value of their franchises skyrocket since the players rolled over when locked out back in 2005.
The argument that it is holding back the top players is absolutely beyond discussion.
Filed in: NHL Teams, NHL Talk, NHLPA, | KK Hockey | Permalink
Unionizing Junior Hockey
by Paul on 07/09/14 at 03:21 PM ET
Comments (1)
from Rick Westhead of the Toronto Star,
The only way a union for major junior hockey players can work is with the help of the NHL Players' Association.
That's the view of Gilles Lupien, a former defenceman with the Montreal Canadiens who is now an agent for professional and amateur hockey players.
Lupien said a mainstream union will struggle to win over the public and the families of some players, who would see the move as a cash-grab.
But the NHLPA, Lupien said, is better positioned to act as an umbrella organization protecting the rights of hockey's budding stars before they graduate to the NHL.
The Star reported this week that Unifor, Canada's largest private-sector union, is trying to organize players in Quebec's major junior hockey league and then take its efforts west across Canada, eventually organizing all 60 of the Canadian Hockey League's franchises.
Filed in: NHLPA, Non-NHL Hockey, | KK Hockey | Permalink
« Previous ‹ First < 4 5 6 7 8 > Last › Next »
About Kukla's Korner Hockey
Paul Kukla founded Kukla's Korner in 2005 and the site has since become the must-read site on the 'net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.com
Most Recent Blog Posts
Luke Schenn Signs With The Arizona Coyotes
Kevin Hayes Reaches An Agreement With The New York Rangers
About The NBC Sports Group NHL Schedule
Report- Evander Kane Arrested On Misdemeanor Charges
Looks Like Chris Kreider Agreed To A Contract Before Today's Arbitration Hearing
The Montreal Canadiens On Paper
The Time Is Now For The Ottawa Senators
Are The Vancouver Canucks A Playoff Team?
All About The NBC Sports Group NHL Schedule For The Upcoming Season


text:
It's been a rough few weeks for Djibril Cisse, first crashing out of the World Cup in embarrassing fashion and then crashing his car.
The French international is well-known for his wacky fashion sense (particularly involving his hair), but is perhaps best-known for his love of cars. At various times he has had in his garage a Chrysler 300 C, Hummer H2, Plymouth Prowler, Shelby GT 500 (1967 and 2008 versions) and Dodge Ram SRT-10.
Sadly, he will have one fewer car in that garage, as he was involved in an accident yesterday evening while on his way to training with Panathinaikos. The striker, who was on his way to continue rehabbing an injury sustained during a preseason friendly, was unharmed in the accident.
However, his €300,000 ($380,000) Bentley Continental GT sustained significant damage. Cisse was taken to the club's training ground by a club official and, strangely enough, had the car towed there as well. Panathinaikos officials are sure to be ecstatic that it was only his car that was damaged, as he looked ready to regain the pitch for their Champions League match against Barcelona on September 14th.
The real question, however, is why Cisse was even driving the Bentley at all. Why would you ever drive anything other than this:
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Book your room at Hacienda Coyotes
Hacienda CoyotesCarretera Zapotlanejo Tototlan Zapotlanejo JAL 45440
Hotel Amenities
Hotel Amenities
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Hotel Policies
Hotel Name
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