Voltari Corporation acquires, finances and leases commercial real properties. The company owns one commercial real property in Long Branch, New Jersey, which it leases to JPMorgan Chase Bank, N.A. pursuant to a triple net lease (the ‘Long Branch Lease’). All of its revenue is derived from the rental income it receives under the Long Branch Lease. The property is located at 160 Brighton Avenue, City of Long Branch, New Jersey and has a retail bank branch building situated thereon. The company intends to acquire additional properties primarily in the Northeast United States. Future acquisitions are intended to be initially financed through borrowings available under its $10 million revolving note with Koala Holding LP. The company intends to lease such properties pursuant to ‘double net’ or ‘triple net’ leases. Discontinued Operations In August 2015, the company exited its mobile marketing and advertising business. Research and Development Research and development expenses the for the year ended December 31, 2015 were $0.2 million. Intellectual Property The company is the owner of trademarks registered with the United States Patent and Trademark office and internationally, including Voltari and V-Connect. History Voltari Corporation was founded in 2001. The company was incorporated in 2003.
voltari corp (VLTC:NASDAQ CM)
601 West 26th Street
New York, NY 10001
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