September 16, 2014 4:03 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Mission West Properties, Inc.

Company Overview

Mission West Properties, Inc. engages in the acquisition, marketing, leasing, and management of research and development properties, primarily in the Silicon Valley portion of the San Francisco Bay Area. As of December 31, 2006, it owned or managed 107 properties, totaling approximately 7.7 million rentable square feet of research and development properties through limited partnerships. Mission West Properties qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1969 and is headquartered in Cupertino, California.

10050 Bandley Drive

Cupertino, CA 95014

United States

Founded in 1969

6 Employees

Phone:

408-725-0700

Fax:

408-725-1626

Key Executives for Mission West Properties, Inc.

Chief Executive Officer
Age: 76
President
Age: 55
Principal Financial Officer
Age: 44
Compensation as of Fiscal Year 2014.

Mission West Properties, Inc. Key Developments

Mission West Properties, Inc.(OTCPK:MSWP) dropped from NASDAQ Composite Index

Mission West Properties, Inc. will be removed from NASDAQ Composite Index

Mission West Properties, Inc. Announces Executives Resignations, Effective from December 29, 2012

On December 18, 2012, each of William A. Hasler, Lawrence B. Helzel, Raymond V. Marino and Martin S. Rohr tendered their resignation from the Board of Directors of the Mission West Properties, Inc. to be effective on December 29, 2012, or on the day immediately following the day on which the company's then-remaining assets are transferred to a liquidating trust expected to be established for the purpose of winding up the company's affairs and liquidating the company's then-remaining assets following the recapitalization of the company's operating partnerships and the subsequent sale of substantially all of the company's remaining assets pursuant to the Agreement. In addition, on December 18, 2012, Carl E. Berg tendered his resignation from the Board to be effective immediately following the filing by the Company of Articles of Dissolution with the State Department of Assessments and Taxation of the State of Maryland.

Fundamental Partners Files Class Action Lawsuit Against Mission West Properties, Inc., Divco West Acquisitions, LLC, TPG Capital, L.P. and M West Holdings, L.P

On December 3, 2012, a purported class action lawsuit was filed by plaintiff Fundamental Partners in the Superior Court of California, Santa Clara County against Mission West Properties, Inc., Divco West Acquisitions, LLC, TPG Capital L.P. and M West Holdings, L.P. The complaint alleges, among other things, that Mission West's directors breached their fiduciary duties, Mission West's directors breached their fiduciary duty of disclosure causing Mission West to make materially inadequate disclosures and by omitting material information and Divco, TPG and M West Holdings purportedly aided and abetted fiduciary breaches by Mission West's directors. The complaint seeks, among other things, an injunction enjoining defendants from consummating the Transactions until additional disclosures are made, compensatory and rescissory damages, interests, and costs and fees.

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