Veritas, San Francisco’s largest landlord with reported $3B in assets, received PPP ‘small business’ loan

By : missionlocal – excerpt

Veritas, the massive real estate company that owns more than 200 San Francisco properties and in recent years reported a value exceeding $3 billion, was the recipient of a Payroll Protection Program loan of the sort ostensibly earmarked for small businesses.

“We applied for and received a Payroll Protection Program loan, which we also communicated to the entire Veritas workforce,” the company said via a statement after Mission Local this morning phoned Veritas CEO Yang-Pat Au. “The PPP loan enables us to save the jobs of our front line employees, and is critical to our business operations and keeping these San Francisco workers employed.”… (more)

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