Apple has sold 6 buildings that it was previously leasing in deals with Taiwanese buyers valuing at nearly $100 million, Marin Independent Journal reports:
Apple as a tenant remains a powerful drawing card for real estate investors: In a string of deals valued at nearly $100 million, buyers from Taiwan have bought six Cupertino buildings that Apple is leasing.
The buyers of the buildings are listed as being having a local office in north San Jose, public documents show. However, property records reveal the buyers signed mortgage documents in Taiwan to finance their purchase of the buildings.
The seller, Real Estate Trust at Silicon Valley Community Foundation, describes itself as an endeavor that handles donations of properties.
According to the report which cites property documents submitted to the Santa Clara County office on October 22nd, the deal was worth a combined $98 million with sellers being represented by real estate firm Cushman & Wakefield.