Leaseback

Gaming and Leisure Properties to Acquire Two Regional Gaming Properties for $484 Million and Simultaneously Enter Into a New Master Lease Agreement With Twin River Worldwide Holdings

Retrieved on: 
Tuesday, October 27, 2020
GLPi, Help desk software, Leaseback, Dover Downs, Finance, Companies, Software, Gaming and Leisure Properties

Pursuant to the Tropicana Evansville agreement, GLPI will acquire the real property assets for approximately $340.0 million, and Twin River will acquire the operating assets of the property for approximately $140.0 million.

Key Points: 
  • Pursuant to the Tropicana Evansville agreement, GLPI will acquire the real property assets for approximately $340.0 million, and Twin River will acquire the operating assets of the property for approximately $140.0 million.
  • GLPI will separately engage in a sale-leaseback transaction directly with Twin River for Dover Downs, and will acquire the real property for $144.0 million.
  • The two properties have an aggregate real estate purchase price of approximately $484 million.
  • Twin River looks forward to collaborating with GLPI in our efforts to grow and diversify our high-quality portfolio of regional gaming assets.

Global Net Lease Announces Release Date For Third Quarter 2020 Results

Retrieved on: 
Wednesday, October 21, 2020
Communication, Forward-looking statement, Leasing, Leaseback, Articles, New York Stock Exchange, Economy, New York City

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

Key Points: 
  • Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.
  • The statements in this press release that are not historical facts may be forward-looking statements.
  • These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different.
  • These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements.

Voyager Announces Sale-Leaseback Transaction for 5 A220-300 Aircraft With Breeze Airways

Retrieved on: 
Tuesday, October 13, 2020
Professional services, Air, Transport, Finance, Low-cost carriers, Breeze Airways, A220, Voyager, Leaseback, Articles, Economy, Aviation

Voyager Aviation Holdings, LLC (Voyager) today announced that it has signed an agreement for the sale and leaseback of five (5) A220-300 aircraft with Breeze Airways (Breeze).

Key Points: 
  • Voyager Aviation Holdings, LLC (Voyager) today announced that it has signed an agreement for the sale and leaseback of five (5) A220-300 aircraft with Breeze Airways (Breeze).
  • The aircraft included in this transaction will deliver to Breeze from Q1 2022 to Q1 2023.
  • This is Voyagers first transaction with Breeze, as well as Voyagers first addition of next-generation A220-300 narrowbody aircraft to its fleet.
  • The transaction was originated and arranged by Amedeo, which provides aircraft management services to Voyager.

Brennan Investment Group Completes Corporate Real Estate Transaction In Denver

Retrieved on: 
Tuesday, October 13, 2020
BlueLinx, Georgia-Pacific, Leaseback, Finance, Companies, Economy

CHICAGO, Oct. 13, 2020 /PRNewswire/ --Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, announced its acquisition and simultaneous leaseback to BlueLinx of a 147,040 square foot industrial facility located in Denver, Colorado.

Key Points: 
  • CHICAGO, Oct. 13, 2020 /PRNewswire/ --Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, announced its acquisition and simultaneous leaseback to BlueLinx of a 147,040 square foot industrial facility located in Denver, Colorado.
  • "We appreciate the opportunity to provide another corporate real estate solution for BlueLinx," said Scott McKibben, Chief Investment Officer and Managing Principal at Brennan Investment Group.
  • Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.
  • Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate.

LTC Announces Date of Third Quarter 2020 Earnings Release, Conference Call and Webcast

Retrieved on: 
Friday, October 9, 2020
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Money, Economy, Private equity, Real estate investment trust, Forward-looking statement, Mortgage loan, Leaseback, Mezzanine capital

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.

Key Points: 
  • LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.
  • The portfolio is comprised of investments of approximately 50% seniors housing and 50% skilled nursing properties.
  • All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements.
  • The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.

LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter Of 2020

Retrieved on: 
Thursday, October 1, 2020
Commercial Building & Real Estate, Construction & Property, Finance, General Health, Health, Professional services, REIT, Residential Building & Real Estate, Finance, Money, Financial markets, Dividend, Shareholders, Real estate investment trust, Preferred stock, Mortgage loan, Leaseback

LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the fourth quarter of 2020.

Key Points: 
  • LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the fourth quarter of 2020.
  • The Company declared a monthly cash dividend of $0.19 per common share per month for the months of October, November and December 2020, payable on October 30, November 30 and December 31, 2020, respectively, to stockholders of record on October 22, November 20 and December 23, 2020, respectively.
  • LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.
  • The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.

Apogee Enterprises Announces Completion of Sale-Leaseback

Retrieved on: 
Thursday, October 1, 2020
Architecture, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Finance, Money, Leasing, Contract law, Leaseback, Sales, NASDAQ, Economy

Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has completed a sale and leaseback transaction for its facility located in McCook, Illinois, at a sales price of $25 million.

Key Points: 
  • Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has completed a sale and leaseback transaction for its facility located in McCook, Illinois, at a sales price of $25 million.
  • Concurrent with the sale, Apogee entered into a lease agreement for the McCook facility, with an initial five-year term and multiple renewal options.
  • Apogee Enterprises, Inc. (Nasdaq: APOG) delivers distinctive solutions for enclosing commercial buildings and framing art.
  • These statements reflect Apogee managements expectations or beliefs as of the date of this release.

BCB Bancorp, Inc. Announces Sale and Leaseback of Corporate Offices

Retrieved on: 
Tuesday, September 29, 2020
Contract law, Leaseback, Leasing, Sales, Economy

BAYONNE, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the Company), (NASDAQ: BCBP), the holding company for BCB Community Bank (the Bank), today announced that the Bank completed the sale and leaseback of its corporate offices to a local investor group.

Key Points: 
  • BAYONNE, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the Company), (NASDAQ: BCBP), the holding company for BCB Community Bank (the Bank), today announced that the Bank completed the sale and leaseback of its corporate offices to a local investor group.
  • The sale transaction consists of one city-block of property, located at 591-611 Avenue C in Bayonne, New Jersey, which includes the Companys executive offices, a parking lot, and a bank branch (the Property).
  • The Company anticipates to realize a pre-tax gain of approximately $4.4 million on the sale.
  • Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP).

FCPT Announces Sale Leaseback of a LongHorn Steakhouse Property for $3.2 Million

Retrieved on: 
Tuesday, September 22, 2020
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Companies, Contract law, Leaseback, Leasing, Sales, Darden Restaurants, Real estate investing, Finance, Economy

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a LongHorn Steakhouse property for $3.2 million from Darden Restaurants via a sale-leaseback.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a LongHorn Steakhouse property for $3.2 million from Darden Restaurants via a sale-leaseback.
  • The property is located in Florida and is occupied under a triple-net lease with five years of term and annual rent increases of 1.5%.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

KBRA Releases Research – Coronavirus (COVID-19): Aircraft Values and Lease Rates Update

Retrieved on: 
Monday, September 21, 2020
Professional services, Air, Transport, Insurance, Finance, Banking, Leasing, Economy, Aircraft lease, Human activities, Leaseback, Trade, Airline

Kroll Bond Rating Agency (KBRA) releases research discussing the pandemics economic impact on aircraft values and lease rates.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases research discussing the pandemics economic impact on aircraft values and lease rates.
  • Aircraft values and lease rates could face further downward pressure as initial U.S. government pandemic-related subsidy programs expire at the end of September.
  • Aircraft lessors are expected to be challenged with remarketing numerous aircraft post-airline defaults, which may drive lease rates downward.
  • That said, lease rates have improved on newer aircraft, as carriers demand for sale-leaseback aircraft have increased significantly as airlines try to boost their liquidity and needed cash.