{"id":5880,"date":"2022-04-25T15:12:34","date_gmt":"2022-04-25T20:12:34","guid":{"rendered":"https:\/\/1reason.com\/re\/piedmont-office-realty-trust-announces-receipt-of-proceeds-from-payoff-of-new-jersey-notes-receivable\/5880\/"},"modified":"2022-04-26T10:12:34","modified_gmt":"2022-04-26T15:12:34","slug":"piedmont-office-realty-trust-announces-receipt-of-proceeds-from-payoff-of-new-jersey-notes-receivable","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/piedmont-office-realty-trust-announces-receipt-of-proceeds-from-payoff-of-new-jersey-notes-receivable\/5880\/","title":{"rendered":"Piedmont Office Realty Trust Announces Receipt of Proceeds From Payoff of New Jersey Notes Receivable"},"content":{"rendered":"<div> The proceeds were used to pay down the Company\u2019s $500 million line of credit to a balance of approximately $85 million. As previously disclosed during the last quarter-end investor call, the timing of the early payoff was anticipated and included in the Company\u2019s guidance for 2022; therefore, there is no change to its core funds from operations guidance due to the payoff of the notes.    <\/p>\n<p align=\"start\"><strong>About Piedmont Office Realty Trust<\/strong><\/p>\n<p align=\"start\">Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&amp;P Global Ratings (BBB) and Moody\u2019s (Baa2). Piedmont is a 2021 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.<\/p>\n<p align=\"start\">Contact:  Eddie Guilbert<\/p>\n<p align=\"start\">Company: Piedmont Office Realty Trust<\/p>\n<p align=\"start\">Phone:   770 418 8800<\/p>\n<p align=\"start\">Email:   Investor.relations@piedmontreit.com<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YTFmYWU3MjgtZjYzYS00NDM4LTkwNzQtM2MzYjFkNzRkZTYwLTEwMjIxMjM=\/tiny\/Piedmont-Office-Realty-Trust-I.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Atlanta, March 29, 2022 (GLOBE NEWSWIRE) &#8212; Piedmont Office Realty Trust (NYSE: PDM) (the \u201cCompany\u201d) announced today that it has received approximately $119 million in proceeds from the payoff of two notes receivable that the Company had received in late 2020 from the buyer of its remaining New Jersey properties.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5880"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=5880"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5880\/revisions"}],"predecessor-version":[{"id":5898,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5880\/revisions\/5898"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}