taal
Senior Member
Granite clad or not, what attracts investors (particulalry REITs) is cash flow. What I have yet to see reported is the kind of lease-back that SB has entered into. How long and for how much, they have committed to their space is what, ultimately, leads to NOI for the property and, for the REITs, distributable cash!
The rates are undisclosed and will probably remain that way but apparently there's an average 13 year term on the remaining leases they have in the building. With large companies its very common to have multiple leases even in one building.