Why Sale-Leasebacks Could Take Off Again
A historic refinancing wall and billions in fresh investor capital are reshaping how companies unlock value from their real estate portfolios.
Dealmakers are predicting an increase in sale-leaseback transactions this year, as companies look to free up capital for debt maturities and M&A activity picks up. There is also an unprecedented amount of capital sitting on the sidelines waiting to be deployed in the sale-leaseback market.
The expected uptick will come from a combination of debt maturities and increased M&A transactions, says Zachary Pasanen, a managing director, investments, at W. P. Carey, a New York-based diversified net lease REIT. “A sale-leaseback is a very efficient way to unlock capital that owner-users may not have otherwise thought about as they face debt maturities,” he says.
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