Summary of Assets Under Management
(Estimated June 2008)
Transportation Assets
The Hakman Group's transportation finance division administers an equipment portfolio consisting of 710,000 twenty foot equivalent units (TEUs) (or 650,000 of value equivalent units) of intermodal containers and 160 intermodal trailers with a combined current replacement cost of more than $1.6 billion.
During 2007, The Hakman Group arranged for the purchase of 17,400 TEUs of new marine containers at a cost of $18 million and sold 190,000 TEUs for $121 million and for the first six months of 2008, The Hakman Group arranged for the purchase of 14,600 TEUs.
For 2008 we estimate that the transportation equipment fleet administered by The Hakman Group will produce lease revenues of $156 million, will incur direct operating expenses of $12 million and will pay management fees of $13 million to third party container fleet managers. After payment of operating expenses and management fees, $131 million is forecasted to be available for payment of debt service and distributions to owners.
Other Assets
In addition, as a sole principal or co-investor, The Hakman Group oversees an investment portfolio of more than $100 million consisting of public securities, venture capital, leased equipment and rental real estate.