Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Transitioning to a majority multifamily asset portfolio from office assets, with slow new leasing. This change might result in decreased revenue and occupancy rates.
  • Amazon's delay in constructing Phase II of its headquarters could lead to a significant decrease in rent revenue. This change might result in a loss of approximately 444,000 square feet of leased space.
  • A lawsuit alleging artificially inflated rental rates for multifamily residential real estate could lead to financial penalties. This change might result in legal expenses and reputational damage.
  • Potential conflicts of interest with real estate ventures could impact decision-making and financial performance. This change might result in reduced efficiency and profitability.
  • Increased competition for retaining employees due to labor shortages may lead to higher operational costs. This change might result in increased expenses and reduced profitability.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1689796&owner=exclude

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