Jonathan Litt calls on Six Flags to “monetize” its real estate – Robert Khodadadian

, Jonathan Litt calls on Six Flags to “monetize” its real estate – Robert Khodadadian, Robert Khodadadian

Activist investor Jonathan Litt’s firm Land & Buildings Investment Management, which has accumulated a 3 percent stake in Six Flags, has called on the amusement park operator to shed its real estate holdings to boost its flagging share price, the Wall Street Journal reported. Litt said in a presentation to investors that the real estate — which he values more than its $1.7 billion market cap — can be sold or spun off and leased

 Activist investor Jonathan Litt’s firm Land & Buildings Investment Management, which has accumulated a 3 percent stake in Six Flags, has called on the amusement park operator to shed its real estate holdings to boost its flagging share price, the Wall Street Journal reported. Litt said in a presentation to investors that the real estate — which he values more than its $1.7 billion market cap — can be sold or spun off and leased
The post Jonathan Litt calls on Six Flags to “monetize” its real estate appeared first on New York.  Commercial Real Estate, Home Page, activist investors, Jonathan Litt, REITS The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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