Zynga Buys Headquarters ★

Zynga’s real estate history for its San Francisco headquarters at is a notable example of a tech company effectively "playing" the real estate market to fuel its growth. After initially leasing space in the building starting in 2010, Zynga purchased the 670,000-square-foot property in 2012 for $228 million . In May 2019, the company successfully "monetized" this asset by selling it for approximately $600 million to Beacon Capital Partners in a sale-leaseback agreement. Financial Breakdown of the Transaction

The 2019 sale-leaseback deal provided Zynga with a massive cash infusion while allowing them to maintain their headquarters in the same location. $228 million cash from TMG Partners . zynga buys headquarters

Approximately $600 million to an affiliate of Beacon Capital Partners. Zynga’s real estate history for its San Francisco

Approximately $600 million in 2019, representing nearly triple the original purchase price. Approximately $600 million in 2019

Zynga signed a 12-year lease (with extensions up to 22 years) for 185,000 square feet, significantly reducing its footprint from the full building.