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Leaseback
(redirected from Sale leaseback)

   Also found in: Financial, Wikipedia 0.07 sec.

A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner.



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? References in periodicals archive
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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