Gyrodyne CEO Reaffirms Property Sale Strategy Amid Economic Headwinds
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Gyrodyne LLC's leadership reaffirmed their strategy to sell properties at post-entitled values and distribute proceeds despite economic challenges in the commercial and medical office markets. They noted stable debt service, insulated from Federal Reserve rate hikes due to fixed-rate loans, including a $1.5 million term loan maturing in December 2025. Updates on ongoing litigation regarding property subdivision rights were also provided, with a court decision expected in 2027. The remarks were filed with the SEC as a Form 8-K.
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