Buyers can expect to triple their earnings from the properties over the next decade, the company says in its offering memorandum.

The trustees voted to hire a consultant to prepare an offering memorandum for developers, in the hope of selling the building in a year.

In its offering memorandum, Carver said it was seeking to strengthen its management and was looking for a new chief operating officer.

While the offering memorandum is not public, a copy of it was provided to The New York Times.

The offering memorandum holds out two principal hopes for the teams' coming up with the money to meet their obligations.

"My guess is that Mort, No. 1, never read the offering memorandums," he said.

Still, at least one investment banker analyzing the offering memorandum said he found both the size of the estimated decline and the explanation for it unclear.

The offering memorandum gave a few glimpses of how that pressure may be increasing.

On that, the offering memorandum is unclear.

Although Rockwood declined to provide any financial data, a copy of the confidential offering memorandum sent to purchasers was obtained from other sources.