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Optibase Ltd. Announces Third Quarter Results

/PRNewswire/ Optibase Ltd. (NASDAQ: OBAS) today announced financial results for the third quarter ended September 30, 2021. Revenues from fixed income real. ....

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Optibase Ltd. Announces Third Quarter Results

HERZLIYA, Israel, Nov. 30, 2021 /PRNewswire/ Optibase Ltd. today announced financial results for the third quarter ended September 30, 2021.
Revenues from fixed income real estate totaled. | November 30, 2021 ....

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Optibase Ltd. Announces Refinancing Of Office Building In Philadelphia, Pennsylvania

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HERZLIYA, Israel, April 28, 2021 /PRNewswire/
Optibase Ltd. (NASDAQ: OBAS), the Company or Optibase, is pleased to announce that CROWN TWO PENN CENTER ASSOCIATES LIMITED PARTNERSHIP, a Pennsylvania limited partnership which is 22.16% indirectly owned by the Company recently refinanced a commercial office building in Philadelphia, known as Two Penn Center Plaza (the Property ).
Under the refinancing, the existing loan on the Property with an outstanding principal balance of approximately $44 million, was replaced with a new loan with a principal amount of $67.9 million. As a result of the refinancing, CROWN TWO PENN CENTER ASSOCIATES LIMITED PARTNERSHIP generated excess cash, of which our share is approximately $5 million. Optibase was informed that CROWN TWO PENN CENTER ASSOCIATES LIMITED PARTNERSHIP will make a distribution of $2 million out of the said $5 million in the upcoming weeks. ....

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