One Liberty Properties Sells Vacant Property for $9.1

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
109
One Liberty Properties Sells Vacant Property for $9.1 Million and a $6.5 Million Gain

GREAT NECK, NY--(Marketwired - May 8, 2017) - One Liberty Properties, Inc. ( NYSE : OLP ), a real estate investment trust focused on net leased properties, today announced that on May 8, 2017, it sold its vacant Greenwood Village, Colorado property, previously tenanted by Sports Authority, for approximately $9.1 million, net of closing costs. The Company anticipates that the gain from this sale, which will be recognized in the three months ending June 30, 2017, will be approximately $6.5 million.

"This sale of a vacant property is another example of our team's ability to harvest value from well underwritten assets," commented Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty. "When the Company purchases an asset it invests a meaningful amount of time and effort into fully understanding the underlying real estate. This positions One Liberty to create value through the sale or re-leasing of an asset when a tenant departs. In this situation, the Company was able to realize a gain of $6.5 million."

Forward Looking Statement:

Certain information contained in this press release, together with other statements and information publicly disseminated by One Liberty Properties, Inc. is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. We intend such forward looking statements to be covered by the safe harbor provision for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for the purpose of complying with these safe harbor provisions. Information regarding certain important factors that could cause actual outcomes or other events to differ materially from any such forward looking statements appear in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 and in particular "Item 1A. Risk Factors" included therein. You should not rely on forward looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements.

About One Liberty Properties:

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The primary business of the Company is to acquire, own and manage a geographically diversified portfolio consisting primarily of retail, industrial, restaurant, flex, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.

Contact: One Liberty Properties Investor Relations Phone: (516) 466-3100 www.onelibertyproperties.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

The Chemical Industry and EPA: A Broken System?

Updated Category News Views 0

Decades of an Unchecked Revolving Door The Environmental Protection Agency (EPA) and chemical manufacturers—a dance that’s been going on for what seems like forever. But not in the way you might hope. We're talking about a revolving door where execs and lobbyists waltz into regulatory chairs while regulators slide into cushy industry gigs. Wisner Baum LLP, a stickler...

Continue Reading
Anecdotes by Artists Brings Raw Scent Stories to Sephora

Updated Category News Views 0

When Maesa pulls back the curtain, they don't just crack it open—they fling it aside with flair. That's precisely what they're doing with their latest venture, Anecdotes by Artists, a fragrance brand that's taking its first bow exclusively at Sephora. It's not your average perfume launch; it's about the stories behind the scents and the artists who craft them. Unveiling...

Continue Reading
FutureVault's AI Agents: Transforming Financial Workflows

Updated Category News Views 0

Revolutionizing Financial Operations: FutureVault's AI Approach In the dizzying whirlwind of financial services, the launch of FutureVault AI Agents is a game-changer for document management. This isn't some half-baked tool; it's a full-fledged overhaul of how compliance and operations should tick in the modern age. We've all seen it—a paper trail tangled across systems...

Continue Reading
HTX's Strategic Moves in Pakistan: A Crypto Frontier

Updated Category News Views 0

Paving the Way: HTX's Journey in Pakistan Rolling into the Pakistan cryptocurrency scene isn't just a 'walk in the park' for HTX—it's more like traversing a new frontier with an open map. This isn’t some hit-and-run operation; HTX is strategizing for a long haul in one of the liveliest digital market arenas in South Asia. Gathering steam with community AMAs and an X...

Continue Reading
Davos Healthcare Aims to Revolutionize Hospital Ratings

Updated Category News Views 0

Throw away those dusty, old reputation surveys—Davos Healthcare just turned the spotlight onto cold, hard data with its new global hospital evaluation platform. Why Davos Healthcare’s Initiative Matters At the C3 US NYC Davos of Healthcare™ Summit, an event that’s rooted itself alongside the United Nations General Assembly, Davos Healthcare unveiled a...

Continue Reading
Sean Trahan Joins Citrin Cooperman: New Tax Lead

Updated Category News Views 0

Citrin Cooperman's Strategic Tax Move If there's one phrase that can spark a debate at a financial water cooler, it's 'transfer pricing.' Today, Citrin Cooperman is throwing its hat further into that ring with the appointment of Sean Trahan as head of their new Transfer Pricing and Value Chain Optimization Practice. This isn't just another reshuffling of office...

Continue Reading
Succession Planning in Turmoil: Only 42% Ready

Updated Category News Views 3

Diving into the Succession Crisis in Finance Succession planning in the financial advisory space is like retirement planning for the rest of us—everyone knows it's crucial, yet too many put it off. Despite the looming retirement wave and desperate interest from the younger cohort, a staggering 42% of financial advisors are still without a documented succession game...

Continue Reading
UWM Faces Class Action Deadline: Key Insights for Investors

Updated Category News Views 3

The High Stakes Reality for UWM Investors If there's one thing that's certain in this jittery world of investing, it's that losses have a way of waking you up. Right now, anyone tied up with UWM Holdings Corporation (NYSE: UWMC) shares needs to keep their wits about them; we're barreling toward an October 13, 2026 deadline for a class action lawsuit. The clock's ticking...

Continue Reading
Regeneron Faces Legal Heat: Lead Plaintiff Deadline Looms

Updated Category News Views 6

Regeneron’s Tight Spot: Legal Showdown Well, here we go again—Regeneron Pharmaceuticals (NASDAQ:REGN) is under some serious heat. If you're an investor who faced significant losses with this biotech juggernaut, remember that the clock’s ticking down to the wire. By tomorrow, September 14, 2026, you need to decide if you're going to throw your hat in the ring for...

Continue Reading
FJBio Boosts Antibody Discovery with Sapio AI

Updated Category News Views 0

In the sprawling world of antibody discovery, where every scrap of data can make or break the next big breakthrough, FairJourney Bio (FJBio) is pulling out all the stops. They've teamed up with Sapio Sciences to ditch the paperwork nightmares and usher in a new era of AI-driven efficiency. With operations stretching from Porto to Cambridge to sunny San Diego, they’re...

Continue Reading

Top 5 Most Recently Viewed Articles

Gabelli Funds Unveils Seven Fully Transparent ETF Options

Updated Category News Views 87

Introducing Gabelli's Fully Transparent ETF Strategies Gabelli Funds, LLC has embarked on an exciting new chapter by making all of its actively managed exchange-traded funds (ETFs) fully transparent. This progressive move enhances accessibility for both advisors and investors, aligning with the firm’s fundamental investment philosophy of bottom-up research. Gabelli’s...

Continue Reading
Bitcoin Prices Hit New Heights Amidst Market Excitement

Updated Category News Views 77

Bitcoin Reaches New All-Time High Bitcoin, the leading cryptocurrency in the market, has recently surged to a remarkable record high approaching $95,000. This significant price spike follows reports suggesting potential collaborations that may pave the way for a more favorable environment for cryptocurrencies in the financial landscape. Market Reactions and Implications...

Continue Reading
Manpower Achieves Top Position in Industry PEAK Matrix Assessment

Updated Category News Views 78

Manpower Recognized Among Industry Leaders Manpower, a global leader in staffing and workforce solutions, has recently earned a notable accolade by being named a Leader in the Everest Group's 2024 U.S. Contingent Talent and Strategic Solutions PEAK Matrix Assessment. This recognition underscores the company's commitment to excellence and innovation in the staffing...

Continue Reading
Exploring the Growing FIBC Market and Its Future Trends

Updated Category News Views 358

The Rising FIBC Market: An Overview The global Flexible Intermediate Bulk Container (FIBC) market is on a promising growth trajectory, with projections indicating an increase in market valuation from USD 7.4 billion in the near future to an impressive USD 11.5 billion by the year 2035. This growth reflects a compound annual growth rate (CAGR) of 4.5% from now to 2035,...

Continue Reading
Real Matters Q3 Financial Performance: Trends and Insights

Updated Category News Views 117

Real Matters Reports Impressive Q3 Financial Results (All amounts are expressed in millions of U.S. dollars, excluding per share amounts, unless otherwise stated.) TORONTO – Real Matters Inc. (TSX: REAL), a leader in providing network management services for the mortgage and insurance sectors, has announced its financial results for the third quarter, showcasing a...

Continue Reading