Mission West Properties Incorporated, Northern California’s leading office landlord in the southern part of the San Francisco Bay Area, also known as Silicon Valley, is once again putting itself into proper condition to sale to the highest bidder. As costly as this real estate investment trust will be to purchase, experts believe it’s almost certain that the corporation will be acquired for less than the $1.8 billion dollars that it was able to return financially in 2007.

Mission West develops and manages commercial research and development properties primarily in the Silicon Valley. The company owns greater than 100 office buildings that extend throughout the “High-Tech Hangout”. The mega landlord is known for owning wide-spread and influential research and development campuses that house enormous technology companies such as Microsoft Corporation and Apple Incorporated.

The REIT mentioned that the circumstances of a spike in the total holdings of the securities sales in dissimilar markets, decreased borrowing costs, and a stable deterioration in cap rates from heightened investor solicitation for yield directed real estate investments, the company’s board has empowered top management to begin a process to determine and distinguish adequate buyers. The largest shareholder of Mission West Properties Inc. is CEO Carl Berg. Berg is allowing willing and able buyers to submit a substantial bid on the corporation until Wednesday, February 22.

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By Adrian Provost
images courtesy of Startup Russia