B. F. Saul Real Estate Investment Trust - Specimen Shares of Beneficial Interest Certificate
Inv# SE2540 Specimen Stock
New York
Specimen Stock printed by American Bank Note Company. B. F. Saul Company is a large, private real estate firm based in Bethesda, Maryland. The company owns and manages several properties in the Washington metropolitan area and one property in Fort Lauderdale, Florida including 20 hotels. Notable properties include the Hay-Adams Hotel and the Kennedy-Warren Apartment Building. The company is an affiliate of Saul Centers, Inc., a public company and real estate investment trust that is a component of the S&P 600 index.
On December 1, 1892, at the age of 19, Bernard Francis Saul founded Saul Company in Washington, D.C. Saul Company became a successful mortgage bank and developer. Within 8 years of starting the firm, B. Francis Saul founded the Home Savings Bank and soon after merged it with the American Security and Trust Company. Saul Company became B. F. Saul Company. In 1969, Bernard Saul II founded Chevy Chase Bank. That same year, the B.F. Saul Real Estate Investment Trust became a public company via an initial public offering. In 1931, the company acquired the Kennedy-Warren Apartment Building after its prior owners went bankrupt during the Great Depression. In 1976, the hotel division was founded. In 1983, it was reported that the company serviced a $2 billion in mortgages and originated another $500 million in mortgages annually. In 1988, the company took B.F. Saul Real Estate Investment Trust private. Read more at https://en.wikipedia.org/wiki/B._F._Saul_Company
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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