Overview
Bank of America is an international banking and financial services chain, with over 4,300 branches and a net income of over $7.00 Billion. Investors have continuously sought Bank of America properties as investments, even though the Great Recession, while avoiding many other banking institutions. The continued demand is due to the highly passive structure of Bank of America’s ground leases, the long-term commitments to the locations and increases in rental amounts throughout both the initial term and option periods.