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.
The
sale-leaseback 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 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 transaction.
M2 EQUITYBITES-November 23, 2018-Mesirow Financial appoints new VP of business development to expand
sale-leaseback team