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What is a Sale-Leaseback?

Many companies have a large part of their equity tied up in their real estate assets, despite not being in the business of real estate. In a sale-leaseback, a company sells its real estate to an investor like W. P. Carey for cash and simultaneously enters into a long-term lease. In doing so, the company extracts 100% of the property’s value and converts an otherwise illiquid asset into working capital to grow its business, while maintaining full operational control.

 

Benefits of Sale-Leasebacks

Sale-leasebacks enable the seller/tenant to:

  • Unlock the full market value of otherwise illiquid real estate assets
  • Reinvest the cash realized from the sale-leaseback into its core business operations and growth objectives, while retaining full operational control of the facility
  • Benefit from 100% deductibility of rental payments rather than being subject to interest limitations for traditional debt as defined by tax 
 

About W. P. Carey

W. P. Carey Inc. (NYSE: WPC), one of today’s largest diversified net lease REITs, provides long-term sale-leaseback and build-to-suit capital solutions primarily for companies in the U.S. and Northern and Western Europe. We are well positioned with the capital and experience needed to maximize efficiency and ensure certainty of close on complex, single and multi-country deals that meet our investment criteria.

Portfolio data is as of March 31, 2020.

  • Years of Experience

    45+

  • Tenant Industries

    30+

  • Number of Countries

    25

  • Net Lease Properties

    1,215

Our Investment Criteria

  • Occupancy:

    • Single-tenant
  • Purchase Price:

    • $5M to $500M
  • Property Types:

    • Industrial, warehouse, office, select retail, other specialized assets
  • Geographies:

    • U.S. and Europe

Who We Work With

  • Brokers

  • Developers

  • Publicly traded and privately-held companies

  • Private equity firms and their portfolio companies

Our Capabilities

  • Public, private and emerging tenant credits

  • All-equity buyer

  • Flexible deal structures

  • Certainty of close

  • Future capital for growth and expansions

  • Cross-border, multi-country transactions

Learn more