Thinking about finance move JW HQ property & Europe transactions in Rome and Madrid

by Gorbatchov 1 Replies latest jw friends

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  Gorbatchov

  Friends,

  Today I was thinking about the move of the JW HQ from Brooklyn and the recent plans to sell the property in Rome, Italy and Madrid, Spain.

  Is it possible that the valuable Rome & Madrid property's are going to be sold to finance the new headquarters in the US?

  Reason could be that the Brooklyn buildings are not sold yet, because of the curent market. The selling of Rome & Madrid property could fill the financial gap in the US.

  International Property Management ...

  ?!?

  Gorbatchov
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  The Almighty Homer

  I'm sure the WTS. has cash on hand since they sold a few buildings in Brooklyn a few years ago, to the tune of $250,000,000 .

  The properties in the Brooklyn area of always been great money producers, buying then selling a few years latter on.

  They have also closed some branches and sold their properties as well.

  The WTS. is very money rich, don't ever second guess that.