As the realities of COVID-19's impact on the economy becomeclearer, businesses are looking to strengthen their capitalreserves for immediate needs and other core activities.
A growing number of retailers, logistics firms and othercorporate real estate users are selling their assets for an influxof cash. By using leasebacks, they are able to retain possession oftheir facilities.
"They sell the property to a third party buyer and then lease itback under a traditional long-term triple-net operating lease,"says Jeff Berryhill, a principal at Stonemont Financial Group. "Theobjective is to be able to redeploy that capital for a higher andbetter use."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
