Sallie Mae 2015 Annual Report Download - page 34

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32
Item 2. Properties
The following table lists the principal facilities owned by us as of December 31, 2015:
Location Function Related Business Area(s) Approximate
Square Feet
Newark, DE . . . . . . Headquarters Consumer Lending; Business Services; Other 160,000
Indianapolis, IN . . . Loan Servicing Center Business Services 50,000
The following table lists the principal facilities leased by us as of December 31, 2015:
Location Function Related Business Area(s) Approximate
Square Feet
Reston, VA . . . . . . . Administrative Offices Consumer Lending; Business Services; Other 18,000
Newton, MA . . . . . . Administrative Offices Business Services and Upromise by Sallie Mae 18,000
Salt Lake City, UT . Sallie Mae Bank Consumer Lending 11,400
None of the facilities that we own is 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.