Leaseback

Fundamental Income’s Net Lease Platform Completes Sale Leaseback with Opus Group AB for ~$56 million Providing Long-Term Flexibility

Retrieved on: 
Friday, September 18, 2020
Professional services, Automotive, General Automotive, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Road transport, Automotive safety, Car costs, Opus, Leaseback, Vehicle inspection, Computer data, Economy, Computing, Fundamental Income, Opus Group AB (OM: OPUS)

Fundamental Income , a Phoenix-based net lease real estate platform, announces its acquisition of vehicle inspection and emissions testing centers for ~$56 million from Opus Group AB (OM: OPUS) , a world-leading vehicle inspection and intelligent vehicle support company.

Key Points: 
  • Fundamental Income , a Phoenix-based net lease real estate platform, announces its acquisition of vehicle inspection and emissions testing centers for ~$56 million from Opus Group AB (OM: OPUS) , a world-leading vehicle inspection and intelligent vehicle support company.
  • Opus, which is leasing the properties back from Fundamental, will continue uninterrupted operations at the sites as part of the companys testing network.
  • The sale leaseback transaction allows Opus a total lease term of up to 35-years.
  • About Opus Group AB (OM: OPUS)
    Opus Group AB (OM: OPUS) operates in the vehicle inspection and intelligent vehicle support markets.

FCPT Announces Sale Leaseback of a BJ’s Restaurant Property for $3.8 million

Retrieved on: 
Tuesday, September 15, 2020
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Contract law, Leaseback, Leasing, Sales, BJS, Economy, FCPT, BJ’s Restaurants, Inc.

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 corporate-operated BJs Restaurant (NASDAQ: BJRI) property for $3.8 million 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 corporate-operated BJs Restaurant (NASDAQ: BJRI) property for $3.8 million via a sale-leaseback.
  • BJs and FCPT were able to strike a mutually beneficial agreement and expand our relationship.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • BJs Restaurants, Inc. (BJs) is a national brand with brewhouse roots and a menu where craft matters.

LTC Senior Management to Participate in the BMO Real Assets Conference

Retrieved on: 
Friday, August 21, 2020
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Finance, Money, Economy, Real estate investment trust, Real estate investing, Real assets, Leaseback

LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced that senior management will participate in the BMO Real Assets Conference on Tuesday, September 2 and Wednesday September 3, 2020.

Key Points: 
  • LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced that senior management will participate in the BMO Real Assets Conference on Tuesday, September 2 and Wednesday September 3, 2020.
  • 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.
  • LTC holds 180 investments in 27 states with 29 operating partners.
  • All statements other than historical facts contained in this press release are forward looking statements.

Nortech Systems Announces Second-Quarter 2020 Results, Sale-Leaseback and Plant Consolidation

Retrieved on: 
Tuesday, August 11, 2020
Other Manufacturing, Technology, Semiconductor, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Hardware, Electronic design automation, Economy, Balance sheet, Leaseback, Market liquidity, Business

Net loss for the second quarter of 2020 was $123,000, or $0.05 per diluted common share.

Key Points: 
  • Net loss for the second quarter of 2020 was $123,000, or $0.05 per diluted common share.
  • Nortech and Essjay are expected to close the agreements during the Companys fiscal third quarter, subject to final documentation and other customary conditions.
  • Our balance sheet continues to strengthen, and the sale leaseback and plant consolidation will provide significant liquidity to make further investments in the business.
  • About Nortech Systems Incorporated Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components.

Bamboo Equity Partners Launches Corporate Real Estate Solution Initiative

Retrieved on: 
Wednesday, August 5, 2020
Finance, Money, Economy, Contract law, Leaseback, Leasing, Sales, Investment, Private equity, Balance sheet, Real estate investing, Equity Global Management

Bamboo Equity Partners, a private equity real estate investment firm that acquires, develops and operates office and industrial properties throughout the United States has announced its corporate real estate solution initiative.

Key Points: 
  • Bamboo Equity Partners, a private equity real estate investment firm that acquires, develops and operates office and industrial properties throughout the United States has announced its corporate real estate solution initiative.
  • Under this umbrella, Bamboo Equity Partners will help companies improve their balance sheets by purchasing office and industrial real estate assets and entering into both long and short-term sale leasebacks.
  • "Many companies have a large portion 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 Bamboo Equity Partners for cash and simultaneously enters into a new lease on the property.

NewLake Capital's Portfolio Company, PharmaCann, Opens New Cannabis Dispensary in Shrewsbury, Massachusetts

Retrieved on: 
Tuesday, July 28, 2020
Towns in the United Kingdom, Shrewsbury, Leaseback, Retail, Geography of England, Towns in England

NewLake recently completed funding of tenant improvements for this dispensary pursuant to a sale leaseback transaction announced in February 2020.Verilife Shrewsbury is the company's second retail location in the state.

Key Points: 
  • NewLake recently completed funding of tenant improvements for this dispensary pursuant to a sale leaseback transaction announced in February 2020.Verilife Shrewsbury is the company's second retail location in the state.
  • "We congratulate the PharmaCann team on the opening of their second location in Massachusetts," commentedAnthony Coniglio, Chief Executive Officer of NewLake.
  • "We are pleased to expand and serve customers more broadly in Massachusetts with the addition of our new Shrewsbury location," said Brett Novey, CEO of PharmaCann.
  • NewLake has acquired a portfolio from coast-to-coast with tenants across the supply chain including cultivation, manufacturing and retail.

Columbia Care Raises Approximately $14 Million of Non-Dilutive Capital Through Second Sale Leaseback

Retrieved on: 
Monday, July 20, 2020
Alternative medicine, Health, Agriculture, Other Health, Natural Resources, General Health, Pharmaceutical, Contract law, Leaseback, Leasing, Sales, Dispensary, Articles

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) announced the close of its sale leaseback transaction with Innovative Industrial Properties (NYSE:IIPR) (IIP) valued at approximately $14 million.

Key Points: 
  • Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) announced the close of its sale leaseback transaction with Innovative Industrial Properties (NYSE:IIPR) (IIP) valued at approximately $14 million.
  • The transaction includes the Companys dispensary, cultivation and manufacturing facilities in Vineland, New Jersey, totaling approximately 54,000 square feet.
  • Upon closing, Columbia Care entered into a long-term, triple-net lease agreement with IIP and will continue to develop, operate, and manage the properties.
  • We look forward to enabling Columbia Care to further its position as a leading operator in the state.

Lexington Realty Trust to Report Second Quarter 2020 Financial Results and Host Conference Call on August 6, 2020

Retrieved on: 
Thursday, July 16, 2020
Finance, Economy, Contract law, Leaseback, Leasing, Sales, Real estate investment trust, Real estate investing, Lexington, Kentucky

NEW YORK, July 16, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (Lexington), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its second quarter 2020 financial results the morning of Thursday, August 6, 2020.

Key Points: 
  • NEW YORK, July 16, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (Lexington), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its second quarter 2020 financial results the morning of Thursday, August 6, 2020.
  • 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.
  • Investor or Media Inquiries for Lexington Realty Trust:

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

Retrieved on: 
Friday, July 10, 2020
General Health, Professional services, Consumer, Technology, Construction & Property, Public relations, Investor relations, Seniors, Communications, REIT, Finance, Other Technology, Health, Economy, Finance, Money, Private equity, Real estate investment trust, Mortgage loan, Forward-looking statement, Mezzanine capital, Leaseback

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 statements other than historical facts contained in this press release are forward looking statements.
  • 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.

LTC Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2020

Retrieved on: 
Wednesday, July 1, 2020
Nursing, Health, Residential Building & Real Estate, Commercial Building & Real Estate, Managed care, Construction & Property, REIT, Finance, Money, Economy, Dividend, Shareholders, Real estate investment trust, Preferred stock, Leaseback, Mortgage loan

LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the third 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 third quarter of 2020.
  • The Company declared a monthly cash dividend of $0.19 per common share per month for the months of July, August and September 2020, payable on July 31, August 31 and September 30, 2020, respectively, to stockholders of record on July 23, August 21 and September 22, 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.