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Message Boards Settings SJW Corporation (SJW) - Quote Info
SJW, TENN PROPERTY     11-Mar-09 10:53 pm    
Just read this in the 10K report:
As noted in Item 1A, "Risk Factors", the tenant of the buildings in Tennessee filed Chapter 11 bankruptcy. The tenant will have a limited period of time to decide whether it will terminate its leases or sell its rights under the leases. In the event the leases are terminated and a new tenant is not identified, Real Estate Services revenue for 2009 would be approximately $3,300,000 less than what was recognized in 2008. Further, if the buildings are vacant, Real Estate Services expects to incur holding costs for taxes, insurance, utilities and other miscellaneous expenses.
Does anybody know who this tenant is???
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billythekid...

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SJW Corp. (SJW)

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