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Alexander's Inc V.ALX


Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.


NYSE:ALX - Post by User

Bullboard Posts
Comment by sunnyboy11on Mar 06, 2014 12:38pm
120 Views
Post# 22289666

RE:RE:RE:RERE:Fluff!

RE:RE:RE:RERE:Fluff!
MMMM, not sure you're getting it. This takeover is basically a recapitalization of Renegade. The Alexander/Spartan mngmt team have a successful track record and access to capital. Without either of these RPL was dead in the water.  New shareholders have bought in, this merger is a go. $100 million will drill this company 100 Hz wells in SE Sask, IP's > 100 bopd/well and you get the picture.
Good luck to all.
Bullboard Posts