Apple sells 6 previously leased buildings in deals valued at $100 million

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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.

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Sami
Sami started falling in love with Apple in 2010 with the iPhone 4S. As a registered developer, he deeply admires the world of Apple. Sami is an aspiring journalist, writer, and actor. He also has devoted his life to sharing his passion and knowledge with others around the world.