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confidence high
sentiment neutral
materiality 0.50
Atlantic American amends lease; base rent rises to $12/sq ft from $9.50, starting Jan 1, 2025
ATLANTIC AMERICAN CORP
- Second Amendment to lease for 4370 Peachtree Rd, Atlanta, increases annual base rent from $9.50 to $12.00 per sq ft.
- Rent for 49,586 sq ft retained space becomes $595,032/year ($49,586/month) effective January 1, 2025.
- Future rent adjustments scheduled for Jan 1, 2027 and Jan 1, 2030, then every 5 years on mutually agreeable terms.
- Lessor 4370 Peachtree LLC is controlled by Harriett J. Robinson, AAME's controlling shareholder, making this a related-party transaction.