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During 3Q15, $SLG entered into a ground lease for land & building located at 30 East 40th Street with a lease term ending in Aug. 2114. Based on $SLG's evaluation of the arrangement, land was gauged to be approx. 63.6% of the fair market value of the property. The land portion was classified as operating lease and rest as a capital lease of $20MM.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!