Leaseback

Medical Properties Trust Agrees to Acquire Five General Acute Hospitals in South Florida

Retrieved on: 
Wednesday, June 23, 2021
Health, Other Construction & Property, Hospitals, Construction & Property, General Health, REIT, Finance, Money, Leasing, Economy, Contract law, Leaseback, Sales, Real estate investing, Factoring

The sources of financing actually used will depend upon a variety of factors, including market conditions.

Key Points: 
  • The sources of financing actually used will depend upon a variety of factors, including market conditions.
  • The Florida sale-leaseback transactions are expected to close during the second half of 2021, subject to customary closing conditions.
  • Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.
  • We disclaim any responsibility to update such forward-looking statements, which speak only as of the date on which they were made.

Iron Mountain Announces UK Industrial Sale-Leaseback Transaction with ICG

Retrieved on: 
Wednesday, June 23, 2021
Networks, Security, Hardware, Technology, Software, Contract law, Leasing, Articles, Leaseback, Sales, Water conservation, Recycling, Option, Economy

The transaction, totaling 550,000 square feet, is a sale-leaseback transaction with the properties located in the greater London area.

Key Points: 
  • The transaction, totaling 550,000 square feet, is a sale-leaseback transaction with the properties located in the greater London area.
  • Iron Mountain will remain in these facilities under an initial twelve-year lease term, with options to renew up to an additional 20 years.
  • This transaction is part of Iron Mountains ongoing capital recycling program, and Iron Mountain expects to utilize the proceeds to reinvest in higher growth areas of its business.
  • With our strong development pipeline together with highly attractive market valuations for industrial assets, we are pleased to continue our capital recycling program, said Barry Hytinen, executive vice president and CFO at Iron Mountain.

Seanergy Maritime Holdings Corp. Reports Financial Results for the First Quarter Ended March 31, 2021

Retrieved on: 
Tuesday, May 25, 2021
Food and drink, Food industry, Industry economics), Contract law, Leaseback, Leasing, Sales, Cargill, Mergers and acquisitions

On April 22, 2021, the Company entered into a credit facility for an amount of $15.5 million secured by the M/V Goodship and the M/V Tradership.

Key Points: 
  • On April 22, 2021, the Company entered into a credit facility for an amount of $15.5 million secured by the M/V Goodship and the M/V Tradership.
  • On May 11, 2021, the Company entered into a sale and leaseback transaction with Cargill to partially fund the acquisition cost of the M/V Flagship.
  • The delivery of the M/V Hellasship was the first of the five Capesize acquisitions agreed in 2021.
  • The issuance of shares to Jelco and associated reduction in debt balance took place in 2Q 2021.

Apollo Funds and Merx Aviation Complete Sale-Leaseback Transaction with Air France

Retrieved on: 
Monday, May 24, 2021
Finance, Leasing, Money, Aviation, Air France–KLM, Contract law, Leaseback, Sales, Apollo Global Management, Aircraft lease, Boeing 777, BOC Aviation

NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.

Key Points: 
  • NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.
  • The aircraft, manufactured in 2009, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx.
  • Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: We are pleased to have closed this transaction with Air France and to add two more of the highly capable 777F aircraft type to our portfolio.
  • This transaction continues to show how the Apollo platform and Merx together act as a flexible capital solutions provider, creating accretive transactions for both our investors and counterparties.

Monthly Cash Dividend Announced by Fundamental Income for the Only Net Lease Corporate Real Estate ETF (NYSE Arca: NETL)

Retrieved on: 
Thursday, May 6, 2021
Professional services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Accounting, Dividend, Shareholders, Leaseback, Economy, Fundamental Income, the Fundamental Income Net Lease Real Estate Index (NETLXT), FUNDAMENTAL INCOME, THE FUNDAMENTAL INCOME NET LEASE REAL ESTATE INDEX (NETLXT)

b'Fundamental Income , a Phoenix-based net lease real estate platform, announces its NETLease Corporate Real Estate ETF, traded on the New York Stock Exchange Arca as NETL, will move from a quarterly dividend schedule to monthly.

Key Points: 
  • b'Fundamental Income , a Phoenix-based net lease real estate platform, announces its NETLease Corporate Real Estate ETF, traded on the New York Stock Exchange Arca as NETL, will move from a quarterly dividend schedule to monthly.
  • Increasing the dividend frequency of NETL is just another way we seek to add value from the long-term contractual cash flows provided by net lease real estate,\xe2\x80\x9d said Alexi Panagiotakopoulos, Chief Investment Officer of Fundamental Income.
  • Fundamental Income provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States.
  • In addition, securities in the real estate sector are subject to certain risks associated with direct ownership of real estate and the risk that the value of their underlying real estate may go down.

Basic Energy Services Announces Completion of Sale-Leaseback Transaction

Retrieved on: 
Monday, May 3, 2021
Oil, Gas, Energy, Leasing, Contract law, Leaseback, Sales, OTC Markets Group, Economy

b'Basic Energy Services, Inc. (OTCQX: BASX) (\xe2\x80\x9cBasic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that it has completed a sale-leaseback transaction related to certain real property in Los Angeles County, California.

Key Points: 
  • b'Basic Energy Services, Inc. (OTCQX: BASX) (\xe2\x80\x9cBasic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that it has completed a sale-leaseback transaction related to certain real property in Los Angeles County, California.
  • The Company has entered into a simultaneous lease of the property for an initial term of three years.\nBasic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas.
  • Additional information on Basic Energy Services is available on the Company\xe2\x80\x99s website at www.basices.com .\nThis release includes \xe2\x80\x9cforward-looking statements\xe2\x80\x9d within the meaning of the federal and securities laws.
  • While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved.

KKR and Altavair Close Sale and Leaseback of Four Airbus A350-900 Aircraft with Singapore Airlines

Retrieved on: 
Monday, May 3, 2021
Professional services, Air, Transport, Finance, Aviation, Airlines, Finance, Boeing, Association of Asia Pacific Airlines, Airbus, Competition between Airbus and Boeing, Kohlberg Kravis Roberts, Airbus A350, Singapore Airlines, Leaseback, BOC Aviation, KKR, Altavair L.P., KKR, ALTAVAIR L.P.

b'KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the closing of a sale and leaseback with Singapore Airlines (SIA) of four Airbus A350-900 aircraft.

Key Points: 
  • b'KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the closing of a sale and leaseback with Singapore Airlines (SIA) of four Airbus A350-900 aircraft.
  • The acquisition was funded by funds and accounts managed by KKR, with Altavair acting as servicer on the assets.\n\xe2\x80\x9cWe were honored to be selected by Singapore Airlines to participate in these transactions,\xe2\x80\x9d said Steve Rimmer, CEO of Altavair.
  • KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.
  • Since its inception in 2003, Altavair has completed over $9 billion in commercial aircraft lease transactions with over 60 airline customers in 28 countries representing over 200 individual Boeing and Airbus aircraft.

W. P. Carey Announces Two Industrial Investments Totaling $67 Million

Retrieved on: 
Thursday, April 29, 2021
Leasing, Real property law, Contract law, Leaseback, Sales, Real estate investment trust, Net lease, W. P. Carey, Economy, Property, Law and economics

b'NEW YORK, April 29, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet.

Key Points: 
  • b'NEW YORK, April 29, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet.
  • The company serves numerous OEM and Tier I clients, including Ford, General Motors, Paccar and General Electric Appliance.
  • The highly-fungible site is located in a supply-constrained submarket of Detroit in close proximity to both Ford\'s largest production plant and the I-75 highway.
  • For further information on factors that could impact W. P. Carey, reference is made to its filings with the U.S. Securities and Exchange Commission.\n'

Lexington Realty Trust to Report First Quarter 2021 Results and Host Conference Call on May 7, 2021

Retrieved on: 
Monday, April 19, 2021
Contract law, Leaseback, Leasing, Sales, Real estate investment trust, Economy

b'NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (\xe2\x80\x9cLexington\xe2\x80\x9d), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its first quarter 2021 financial results the morning of Friday, May 7, 2021.

Key Points: 
  • b'NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (\xe2\x80\x9cLexington\xe2\x80\x9d), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its first quarter 2021 financial results the morning of Friday, May 7, 2021.
  • Lexington will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results.
  • Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions.
  • For more information or to follow Lexington on social media, visit www.lxp.com .\n'

Welcome Group Expands Outside of Texas With Two Acquisitions in Georgia

Retrieved on: 
Thursday, April 22, 2021
Albanian Military Exhibition, Military of Albania, Leaseback, Welcome, Tucker, Georgia, Shaw, Torsion

These two acquisitions mark Houston-based Welcome Group\'s first purchases outside the state of Texas.\nIn recent weeks, the Welcome Group closed on the purchases of:\nThe Shaw-Almex facility in Decatur, GA.

Key Points: 
  • These two acquisitions mark Houston-based Welcome Group\'s first purchases outside the state of Texas.\nIn recent weeks, the Welcome Group closed on the purchases of:\nThe Shaw-Almex facility in Decatur, GA.
  • Welcome Group purchased the 100%-leased Shaw-Almex property for a price of $8,900,000 ($65.66/SF).\nThe Torsion Group facility in Tucker, GA.
  • "\nWelcome Group made nine additional acquisitions in 2020, comprising approximately 840,000 square feet of industrial warehouse and office space.
  • Welcome Group is actively seeking direct purchase and sale-leaseback opportunities throughout Texas and the southeast United States.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/welcome-group-expands-outside-of...\n'