A few weeks ago I wrote about a sale/leaseback transaction we handled in Manassas, Virginia.
The New York Times has a recent article, "Cash Hungry Companies Turn to Lease-Back Deals" worth a read. Small to medium sized business owners are not the only commercial property owners exploring this option. The article reports that large corporations looking to divest themselves of their real estate holdings are turning to sale-leaseback deals to free up cash and pay down debt by becoming tenants of the real estate they formerly owned. AT&T and Deutsche Bank are two major companies who have successfully negotiated sale-leasebacks. General Motors was not.
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