Structuring Real Estate Sale-Leasebacks: An Alternative to Mortgage Financing for Owner-Operators and Investors
Strategies for Improving Balance Sheet, Maintaining Control of RE Assets, Recovering Capital Costs, and Reducing Tax Liability
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide real estate and finance counsel with the tools to structure sale-leaseback transactions. The panel will also discuss the advantages and pitfalls of these deals for seller/tenants and buyer/investors, and offer best practices to structure the deal for all parties to protect their interests.
- Current market trends in sale-leaseback transactions
- Advantages and pitfalls for both seller/tenants and buyer/investors
- Importance of a credit-worthy tenant
- Deal structures and terms
- Key lease provisions to protect interests of all parties
- The new tax accounting rules for leases.
The panel will review these and other key questions:
- What market conditions are driving the increase in sale-leaseback activity?
- What deal structures are generally used for sale-leaseback transactions?
- What is the tax treatment of sale-leaseback transactions?
- What are the tenant’s objectives with respect to subordination to the mortgage and what rights should they seek to negotiate in SNDA provisions?
Brian E. Davis
Mr. Davis focuses his broad-based real estate practice on providing counsel to equity investors and corporate users of... | Read More
Mr. Davis focuses his broad-based real estate practice on providing counsel to equity investors and corporate users of real estate in all facets of real estate investment, including JVs, acquisitions, dispositions, and financing. Mr. Davis has assisted clients in developing programmatic JVs and other platform-style investments and has extensive experience in distressed debt and equity transactions. In addition, he has structured and restructured complex sale-leaseback, leverage lease and synthetic lease arrangements and has lectured and written in the areas of distressed real estate.Close
Stephen E. Friedberg
Mintz Levin Cohn Ferris Glovsky and Popeo
Mr. Friedberg is engaged in the general practice of commercial real estate law, both nationally and locally, including... | Read More
Mr. Friedberg is engaged in the general practice of commercial real estate law, both nationally and locally, including complex leasing transactions; office leasing; shopping center, office and commercial building development; construction and redevelopment; sales, acquisitions and financings of large multiproperty groupings; complex financial restructurings for developers and other property owners; and the acquisition and disposition of oil and gas properties. Mr. Friedberg has lectured on various issues concerning office leasing, shopping centers and telecommunications.Close
Andrew H. Raines
Mr. Raines is a real estate and transactional attorney with over 30 years of experience in legal practice and real... | Read More
Mr. Raines is a real estate and transactional attorney with over 30 years of experience in legal practice and real estate transactions, including leasing, purchase and sale, portfolio investment and sale, fair market value determinations, operating expense disputes, fund formation, asset allocation, restructurings and business development activities. He also has extensive experience in distressed real estate transactions including note acquisition, loan document review and analysis, lease review and analysis, due diligence and foreclosure.Close