Salesforce Park

Bradley Goldhar - May 19, 2023

If you want to look for outstanding urban planning, look no further than Salesforce Park. It’s located in downtown San Francisco and sits seventy feet above a transit center. It is about 4 city blocks long and is home to 13 different ecosystems holding 600 trees and 16,000 plants. If you are ever in the Bay Area, make sure to visit as it is truly amazing.

Salesforce* is one of the leading technology companies in the US and is known for its Customer Relationship Management software (BMO is a customer). That’s why its stock symbol is CRM. The company has a market value of approx. US$200 billion and was added to the 30 stocks that make up the Dow Jones Industrial Average in 2020 (it replaced Exxon Mobil). The company’s founder is Marc Benioff who still heads up the company and they have made numerous acquisitions over the years – Slack was acquired in 2021 for approx. US$28 billion. Like many technology companies, the shares suffered in 2022 (down approx. 48%) but have had a meaningful recovery in 2023, up approx. 59% (i).

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Brad Goldhar, Senior Portfolio Manager and Senior Investment Advisor