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Enterprising Investor

06/06/16 8:26 AM

#86 RE: Enterprising Investor #77

Gyrodyne provides update on Cortlandt Manor, announces sale of additional building at Port Jefferson (6/06/26)

COO Peter Pitsiokos gave a land development presentation to the Company’s shareholders at its 2016 Annual Shareholders Meeting held on 6/03/16. A proposed site plan with respect to the Cortlandt Manor property is shown below.



GYRO also announced at the 2016 Annual Meeting the consummation on 6/01/16 of the sale of an additional building in its Professional Park, 8 Medical Drive, by its wholly-owned subsidiary GSD Port Jefferson, LLC for $820,000.

http://www.sec.gov/Archives/edgar/data/1589061/000143774916033279/gyrllc20160603_8k.htm