More Douchery

From the table in yesterday's post, there is another example to support Walton's claim to King of the Douchebags.  In the table, Walton lists a 3% acquisition fee.  This 3% is calculated on the gross proceeds, not the actual price of the property.  The acquisition fee to Walton on the price of the property is 6.4%.  That is an outrageous fee.  I can't think of another sponsor that charges an acquisition fee on gross proceeds, nor one that charges an acquisition fee as high.