Net Lease Office Properties
NLOP
$33.12
$0.210.64%
NYSE
Corporate Info
Website
Phone Number
844 656 7348
Address
One Manhattan West
395 9th Avenue
58th Floor
New York, NY 10001
395 9th Avenue
58th Floor
New York, NY 10001
Country
United States
Year Founded
--
Details
Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Employees
Business Decription
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 37 high-quality office properties, totaling approximately 5.5 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 41 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $88 million. NLOP’s business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC’s extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its more than 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.