ShopKo spokesman John Vigeland told HFN that the sale-leaseback
transaction will "give us the opportunity to control those properties without tying up capital." He said that it will allow the company to pay down debt as well as look into growth and improvement opportunities, including remodels, store expansion and system upgrades.
The EITF reached a consensus that the seller-lessee should account for the transaction as a sale-leaseback
in accordance with paragraphs 32 and 33, as amended.
Jay Koster, managing principal of Staubach Capital Markets, who was not involved in the agreement, said he expects to see an increase in sale-leaseback
deals over the next 12 to 18 months.
accounting allows the seller-lessee to record a sale and remove the property and related liabilities from the balance sheet and allows a gain or loss.)
is a real estate investment trust specializing in corporate sale-leaseback
and build-to-suit financing, and the acquisition of single-tenant net lease properties.
The company is a real estate investment trust specializing in sale-leaseback
, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments.
The key component to the sale-leaseback
transaction is the lease that will be negotiated between the seller and the third-party purchasing the property (the new owner).
arrangement removes any posttransaction appreciation from the seller/lessee's estate.
: the sale of property by the owner and a lease of the property back to the seller.
M2 EQUITYBITES-September 21, 2018-Uniti Group Closes Sale-Leaseback
and Fibre Acquisition with US TelePacific Holdings