Oklahoma contractor raises red flags with Nebraska homeowner

OMAHA, Neb. (WOWT) – An Oklahoma contractor has been making cold calls in rural Nebraska. He’s offering farmers and acreage owners a great deal to improve their driveways.

A friendly stranger pulls onto Mike Pratt’s property and promises that when chips are down, he’ll have a smoother driveway.

Sylvester Cooper, driveway contractor said, “Its tar and chip. We spread a high asphalt down and put the gravel over the top of it.”

Tar and Chip Asphalt Company rolls out a bargain for Mike.

Sylvester Cooper said, “I’ve got enough to cover 100 square yards. Bottom line? A thousand dollars for 100 square yards.”

All contractors doing business in Nebraska are required to register with the state labor department, but Tar and Chip Asphalt are not on the list.

Jim Hegarty with the Better Business Bureau said, “And we clearly know this particular contractor was not licensed to do this kind

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Nordic Asset Manager NREP Raises $2.2 Billion in Real Estate Bet

Mortgage Banks And Residential Housing As Denmark Readies For Debt Refinancing

Photographer: Freya Ingrid Morales/Bloomberg

Nordic Real Estate Partners A/S, an alternative asset manager based in Copenhagen, has raised $2.2 billion for a new fund that will invest primarily in housing and care homes across Scandinavia.

NREP brought in a number of major pension funds, including New York State Common Retirement Fund, Los Angeles City Employees’ Retirement System (Lacers) and Denmark’s Industriens Pension, which oversees about $30 billion.

“In the current pandemic, Nordic real estate is attractive for global investors,” Chief Executive Officer Claus Mathisen said in an interview.

Mathisen says the region’s fabled welfare model, as well as its flexible labor market, make it stand out in a world struggling to handle the Covid crisis. According to the latest central bank estimates, Scandinavian economies will all contract less than 4% this year, compared with an 8% slump in the euro zone.

NREP is targeting returns

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