1. Subject Matter: Building right-of-use assets located in Socorro, Texas, USA. 2. Date of Occurrence: April 24, 2026. 3. Board Approval Date: April 24, 2026. 4. Transaction Details: Property I: - Area: 439,796 sq ft - Monthly Rent: 458,120.83 USD - Asset Value: 59,628,235.60 USD Property II: - Area: 441,266 sq ft - Monthly Rent: 487,231.21 USD - Asset Value: 63,352,794.23 USD 5. Counterparties: SLC BUILDING 6, LLC and SLC BUILDING 9, LLC (Non-related parties). 6. Lease Terms: Property I: From July 1, 2027, to December 31, 2039. Property II: From June 1, 2027, to November 30, 2039. 7. Method of Determination: Negotiated price based on market rates. 8. Appraisers: Cushman & Wakefield and Wilkinson, Pendergras & Associates, LP. 9. Purpose of Acquisition: For operational needs. 10. Other: The total right-of-use asset value exceeds 122.9 million USD.

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: SLC BUILDING 6, LLC / SLC BUILDING 9, LLC