Item 2. Properties
Item 2. Properties
The following table lists the principal facility owned by us as of December 31, 2020:
Location Function Approximate
Square Feet
Newark, DE Headquarters 160,000
The following table lists the principal facilities leased by us as of December 31, 2020:
Location Function Approximate
Square Feet
Indianapolis, IN Administrative Offices 115,000
New Castle, DE Loan Servicing Center 125,000
Sterling, VA Administrative Offices 27,000
Newton, MA Administrative Offices 24,000
Salt Lake City, UT Sallie Mae Bank 17,000
The facility that we own is not encumbered by a mortgage. We believe that our headquarters, loan servicing centers, data center, back-up facility and data management and collection centers are generally adequate to meet our long-term lending and business goals. Our headquarters are currently located in owned space at 300 Continental Drive, Newark, Delaware, 19713.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.