Sale-Leasebacks Still Waiting for Star Status
Sale-Leasebacks Still Waiting for Star Status
April 14, 2009
By: Paul Rosta, Senior Associate Editor
Sale-leasebacks may yet emerge as a star of commercial real estate investment in 2009 as corporate owners unload assets in order to generate capital. But if first-quarter trends are any indication, the asset-leaseback strategy is still a star in the making.
Reckoned strictly by dollar value, sale-leaseback transactions for the first three months of the year appear to have picked up where they left off at the end of 2008. Total leaseback volume amounted to $663.8 million nationwide through March 31, less than $15 million short of the previous quarter’s tally, according to Real Capital Analytics Inc. Office properties topped the first-quarter list at $403 million, followed by $245 million in industrial sale-leasebacks. The retail sector lagged, managing only a single $16 million deal.
By: Paul Rosta, Senior Associate Editor
Sale-leasebacks may yet emerge as a star of commercial real estate investment in 2009 as corporate owners unload assets in order to generate capital. But if first-quarter trends are any indication, the asset-leaseback strategy is still a star in the making.
Reckoned strictly by dollar value, sale-leaseback transactions for the first three months of the year appear to have picked up where they left off at the end of 2008. Total leaseback volume amounted to $663.8 million nationwide through March 31, less than $15 million short of the previous quarter’s tally, according to Real Capital Analytics Inc. Office properties topped the first-quarter list at $403 million, followed by $245 million in industrial sale-leasebacks. The retail sector lagged, managing only a single $16 million deal.
