Last year VN Net Lease Capital won the sale leaseback component of three merger and acquisition deals. Unfortunately, all three transactions fell through due to differing opinions of valuations or because the cost of financing changed the metrics of the deal. “It was like winning a contest and then finding out the contest had been called off,” Managing Member David Piasecki tells

This year is shaping up to be different as the buyer seller gap narrows and firms become realistic about valuations and reach price discovery, he says.


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Erika Morphy


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