Bank United NNN Properties for Sale

Are you looking to buy or sell a Bank United Ground Lease Property, or NNN Lease Bank United Property for passive investment? If you would like to buy or sell Net Lease Bank United Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.

Name BankUnited, Inc.
Public
IndustryFinance
Founded1984
HeadquartersMiami Lakes, Florida, U.S., United States
ProductsFinancial Services
RevenueUS$ 36.3 billion (March 31, 2022)
Products
Consumer Banking, Corporate Banking
Key PeopleRajinder P. Singh (Chairman, President & CEO)Thomas M. Cornish (Chief Operating Officer)Leslie Lunak (Chief Financial Officer
SloganBanking on a brighter future.
Website www.bankunited.com

Bank United Inc. – A Renowned Financial Savings & Loan Association Organization in America

Bank United Inc. is one of the most renowned public sector holdings in America that serves the loan and financial savings of the nation. Having its strong presence across different locations of New York and Florida, the company is continuously seeking ways to become the best financial institution in the world.

Despite the financial crisis of 2007-10 in America, the bank is able to hold a firm position amongst the top American Banks. It is rigorously looking for opportunities to grow its presence worldwide by attracting more and more investors from all over the world.

Its current financial status

A public sector holding traded under New York Stock Exchange (NYSE) with the ticker name BKU, Bank United made its first debut in the year 1984. Having its headquarters based at Miami Lakes, Florida in the United States, the bank ranks amongst the best banks in America 2016 as per the list of Forbes.

According to Crain’s New York Business, the bank finds a reputable position amongst the top 25 largest commercial banks in New York Area (April 2015). Furthermore, the company is #1 best regional bank in US for the southeast region on the list of Global Finance Magazine List (March 2015). Having strength of 475 workers, the company’s overall revenue this year is $166,372,000 as per the financial analysis of NASDAQ. It also reveals its net income of the year that amounts for $8,395,000 with total assets and liabilities of $4,791,348,000 and $4,577,699,000 respectively.

Its origin story

Bank United, counted amongst the largest independent depository organization, has its headquarters in Florida in terms of Assets and finds its existence late back in the year 1984. It initiated its functioning with an aim to specialize in the mortgages of non-resident alien for foreigners who are willing to buy real estate in Florida. Being a successor of Bank United Financial Corporation, the bank continued to mortgage till June 2008 that accounted for 11.4% of bank’s loans.

In the year 2009, The FDIC told the bank to either sell itself or increase its capital that resulted in the seizure of bank’s portion by Office of thrift supervision in 2009. Failing to accomplish either of the orders, the FDIC immediately transferred the control of bank to another private entity whose leader was former president of North Fork Bank namely John Kanas.

The new holding of the company shares its ownership with Blackstone Group, Centerbridge Partners, The Wellcome Trust, W.L. Ross, The Carlyle Group, LeFrak Organization Inc., East Rock Endowment Fund and Greenaap Investments Ltd.

How it functions?

Having served the areas of South Florida, New York, Central Florida, Gulf Coast and Long Island, Bank United Inc. is continuously striving to expand its presence worldwide. It is eagerly looking for suitable properties on lease to open its new branches internationally. The individuals who fulfill the requirements of properties available for lease along with an investment value of $1.5M to $4M can provide it on lease to the bank for earning greater profits.

As per the corporate lease agreement of the company, the initial lease term duration will remain between 15 and 20 years that can be further extended with options up to 40 years, at the discretion of the tenant. It also says that the lease rent will increase after every five years by 10 percent.

Bank United Ground Lease Property or Bank United NNN Property for Sale:

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