Regina Construction IV

[Stormer]

Originally Posted by pappcam

I had heard that YQR had an 80 year lease but I can't confirm that

YQR had a 40 year lease with 2, 20 year options (80 total). New entity has 50 year lease with 2, 20 year options (90 total) at much reduced net rent.

Edit: YQR was supposed to pay $10psf net with annual escalators. Semple entity won't pay $10 until 2066-75. This will be about $2.28 psf equivalent assuming inflation of 3%/year.