BEASLEY BROADCAST GROUP INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Item 2. Properties
As of February 6, 2024, we own or lease property in the following locations:
| Location | Description | Owned/Leased |
|---|---|---|
| Atlanta, GA | Office space for stations | Third-party lease |
| Augusta, GA | Office space for stations | Owned |
| Land for office space | Related party lease | |
| Boston, MA | Office space for stations | Third-party lease |
| Camden, NJ | Office space for station | Owned |
| Charlotte, NC | Office space for stations | Third-party lease |
| Detroit, MI | Office space for stations | Owned |
| Estero, FL | Office space for stations | Related party lease |
| Fayetteville, NC | Office space for stations | Related party lease |
| Las Vegas, NV | Office space for stations | Related party lease |
| Middlesex, NJ | Office space for stations | Owned |
| Monmouth, NJ | Office space for stations | Owned |
| Morristown, NJ | Office space for stations | Owned |
| Philadelphia, PA | Office space for stations | Third-party lease |
| Tampa, FL | Office space for stations | Third-party lease |
The land for office space in Augusta, GA is leased from GGB Augusta, LLC, which is held by a trust for the benefit of Caroline Beasley, our Chief Executive Officer and a member of our board of directors, Bruce Beasley, our President and a member of our board of directors, Brian Beasley, our Chief Operating Officer and a member of our board of directors, and other members of the Beasley family.
The office space in Estero, FL is leased from Beasley Family Properties, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family.
The office space in Fayetteville, NC is leased from Beasley Family Towers, LLC, which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other members of the Beasley family.
The office space in Las Vegas, NV is leased from GGB Las Vegas, LLC, which is controlled by members of the Beasley family.
In addition, we lease our principal executive offices in Naples, FL from Beasley Broadcasting Management, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of the Beasley family.
No one property is material to us. We believe that our properties are generally in good condition and suitable for our operations. However, we continually look for opportunities to upgrade our properties and may do so in the future.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.