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Leaseback |
Also found in: Financial, Wikipedia | 0.01 sec. |
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A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Carey's record year in 2002 when it completed more than $1 billion in build-to-suit and sale leaseback financing transactions. Mullen: Sale-manageback developed partly as a result of REITs, which are forced to do a sale leaseback because of REIT requirements, pulling out of the market, and partly because public longterm care companies saw sale-manageback as a way of improving their stock values by getting their real estate properties off their books. Some recent example of sale leaseback transactions include Time Equities Inc. |
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