Staubach says it sourced the necessary funds and structured the 20-year leaseback. Staubach Financial Services president Brant Bryan says the work for its corporate client Phillips required the transaction have a certain tax treatment and be funded within 30 days.
The Staubach Company's investment affiliate, Wolverine Equities, provided the equity for the transaction. Staubach says it coordinated the debt financing using five separate institutions.
Bartlesville, OK-based Phillips Petroleum is one of the largest integrated oil companies in the United States, with $20.6 billion in assets and 12,400 employees in 20 countries. Phillips nearly doubled its proved reserves to 4.1 billion barrels of oil equivalent by acquiring ARCO's Alaska properties.
Staubach Financial Services bills itself as an innovator in sourcing funds and structuring real estate financing solutions that meet the unique needs of its clients. Wolverine Equities works closely with Staubach's financial services division in structuring customized real estate financing options for Staubach's corporate clients. The duo has structured more than $4 billion in single-tenant transactions over the last two years.
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