Tenant Description
SunTrust Banks, Inc. is one of the nation’s largest and strongest financial services companies. Locations and ATM’s are primarily found in the Southeastern states. As of January 2019, it has a total of over $220 billion in assets and total deposits of over $160 billion. The company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.
What To Look For When Buying A SunTrust
What are the total deposits at this location? Many think that physical bank branches are being strongly effected by online banking. You can look up any individual bank branch deposits at the FDIC website
https://www5.fdic.gov/sod/sodInstBranch.asp?barItem=1
What We Like About SunTrust
Strong Corporate Guarantee, Infill Real Estate, Most Banks Operate On Ground Leases and SunTrust is one of the few that also has fee simple leases (Allowing For Depreciation)
Competition
Chase, Bank Of America, Wells Fargo
SunTrust Website
Corporate Office Location
303 Peachtree Street, Northeast – Atlanta, Georgia 30308
Fast Facts
Sun Trust Park is located 10 miles northwest of downtown Atlanta, and is the home ballpark of the Atlanta Braves of Major League Baseball.
In 2012, the company sold 59 million shares of the 60 million shares it owned in The Coca-Cola Company. At the same time, it transferred one million of its shares to the SunTrust Foundation. As a result, it gained $1.9 billion.
