Ader added that his firm is currently bidding on a large multistore sale-leaseback
for a mass merchant similar to the ShopKo deal, declining to disclose specifics.
Citing ASA Investerings Partnership the IRS disregarded the transactions as a sham, holding that, in essence, they equated to a basic sale-leaseback
transaction between A and D.
13, Accounting for Leases, or as sale-leaseback
transactions in accordance with paragraphs 32 and 33 of FASB Statement no.
transaction with Sainsbury's is executed at a 5.31% GBP initial cap rate, includes annual rent increases over the duration of the lease term, and carries a weighted average lease term of approximately 15 years.
The sale was structured as a sale-leaseback
to allow the seller to pull equity from the property, reallocate capital to infrastructure and supply lines and ensure that operations will be maintained for years to come, says Jeffrey Ida, the office and industrial property investment specialist in Marcus & Millichaps San Francisco office who represented the buyer.
The transaction represents the second large Verizon sale-leaseback
purchase by Mesirow in the past few years.
is a real estate investment trust specializing in corporate sale-leaseback
and build-to-suit financing and the acquisition of single-tenant net lease properties
Under pressure to restructure their struggling businesses and raise capital for developing their core assets, firms like Citigroup and Deutsche Bank have turned to sale-leaseback
deals to unlock the value of their major assets.
Hunt had no "accounting-related issues" and was "not being investigated by the IRS." He said the sale-leaseback
structure was proper and that the IRS hadn't contacted J.B.
The lease is part of a sale-leaseback
, and there is a tax avoidance motive.
This month's column discusses a recent consensus reached by the Financial Accounting Standards Board emerging issues task force (EITF or task force) concerning letters of credit issued in conjunction with a sale-leaseback
M2 EQUITYBITES-November 23, 2018-Mesirow Financial appoints new VP of business development to expand sale-leaseback