286 Lenox Partners LLC

286 Lenox Partners LLC

TESLU
286 Lenox Partners LLCUS flagOther OTC
155.00
USD
+155.00
- -
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
Sector
Real Estate
Industry
Real Estate - Services
Address
295 5Th Avenue New York City NY United States of America 10016
IPO Date
Apr 1, 2022
Business
286 Lenox Partners LLC (TESLU) is a special purpose entity engaged in real estate ownership and operation, primarily focused on holding a membership interest in Regal 286 Lenox LLC, which owns and manages a mixed-use retail and office building at 286 Lenox Avenue in central Harlem, New York; the approximately 18,759-square-foot property features over 13,560 square feet of office space across three floors and more than 5,200 square feet of retail space on the ground floor plus a basement, occupied by a strong tenant base including one retail tenant and two office tenants generating stable cash flow. Incorporated in 2020 and headquartered at 330 5th Avenue, Suite 802, New York, New York 10001, the company operates exclusively in the U.S. real estate market, targeting investors seeking exposure to commercial properties in prime urban locations through publicly traded partnership units. Managed by Regal Capital Acquisitions LLC, which also oversees the operating company, 286 Lenox Partners emphasizes passive income via distributions, inflation hedging, and tax advantages associated with direct real estate investment. In recent developments, the company completed its initial public offering through LEX Markets, enabling public trading of its units under the ticker TESLU on a secondary market platform with no lockups or hold periods; it declared a Q2 2022 distribution to investors, underscoring its robust tenant base, cash flow stability, and positive outlook; ongoing operations maintain high occupancy and financial performance in the Harlem real estate segment.