secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001213900-23-040992
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Liberty Properties receives Regal lease amendments; near-term rent reduced, leases shortened
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- Regal amended leases for three properties; assumption subject to bankruptcy court approval.
- Lease expirations shortened: Greensboro from Mar 2035 to Mar 2030, Indianapolis from Dec 2032 to Dec 2030, JV property from Nov 2026 to Dec 2024.
- Regal now obligated to pay ~$756k through Dec 2023 and ~$7.7M base rent from 2024-2030 at wholly-owned properties.
- Regal relieved of $138k deferred rent; JV property rent changed to percentage rent only with credit for prior overpayments.
- Original obligations of $1.6M near-term and $21.7M through 2035 replaced with lower amounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390023040992/0001213900-23-040992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390023040992/ea178848-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-040992

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