Leaseback

Funds Managed by Apollo and Merx Aviation Complete Sale-Leaseback Transaction with Delta Air Lines

Retrieved on: 
Wednesday, July 1, 2020
Finance, Economy, Aviation, Leasing, Airbus A220, A220, Aircraft lease, Apollo Global Management, BOC Aviation, Airbus, Leaseback, Delta Air Lines

NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft.

Key Points: 
  • NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft.
  • The aircraft, manufactured in 2019, 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 Delta, one of the worlds leading airlines, and to add the new and innovative A220 aircraft type to our portfolio.
  • Merx operates an integrated aviation platform focused on global aircraft leasing, management and finance, with an owned and managed fleet spanning 26 countries.

CDB Aviation and SAS Agree on Lease of Fleet of Four Airbus Aircraft

Retrieved on: 
Monday, June 29, 2020
Finance, Banking, Air, Professional services, Transport, Aircraft, Aviation, Leasing, Sigtuna Municipality, Star Alliance, Scandinavian Airlines, Airbus A350 XWB, BOC Aviation, Airbus A320neo family, Airbus, Leaseback, SAS, CDB Aviation

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today a new transaction with its long-standing customer, Scandinavias largest airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today a new transaction with its long-standing customer, Scandinavias largest airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900.
  • The deliveries of these aircraft are expected to occur between June 2020 and May 2022.
  • We are very delighted to carry out yet another transaction with SAS for these Airbus aircraft, said CDB Aviation Chief Marketing Officer Peter Goodman, elaborating that we look forward to further assisting in the reshaping of SAS fleet, particularly in support of efforts to advance environmental sustainability goals for their fleet operations.
  • Goodman underscored that the lessors commercial team is pointedly expanding outreach in all aviation markets, energetically pursuing emerging opportunities for aircraft transactions, including in the sale and leaseback channel.

Basilea enters into sale and leaseback agreement for corporate headquarters building

Retrieved on: 
Tuesday, June 23, 2020
Companies, Economy, Finance, Basilea Pharmaceutica, Leasing, Burkholderiales, Leaseback, UBS, Basilea, Transaction cost, General Electric

Basilea Pharmaceutica Ltd. (SIX: BSLN) today announced that it has entered into a sale and leaseback agreement for its corporate headquarters in Basel, with the Pension Fund of UBS.

Key Points: 
  • Basilea Pharmaceutica Ltd. (SIX: BSLN) today announced that it has entered into a sale and leaseback agreement for its corporate headquarters in Basel, with the Pension Fund of UBS.
  • Gross proceeds from the sale, before customary fees and transaction costs, amount to around CHF19million.
  • Basilea will leaseback the building and does not plan on any other organizational changes related to this transaction.
  • David Veitch, Chief Executive Officer of Basilea, said: This transaction is an important strategic step for Basilea and a result of our continuous efforts to optimize our business.

Innovative Industrial Properties Expands Real Estate Partnership with Green Leaf at Pennsylvania Property

Retrieved on: 
Monday, June 22, 2020
Commercial Building & Real Estate, Construction & Property, Tobacco, REIT, Alternative medicine, General Health, Health, Agriculture, Retail, Natural Resources, Leasing, Contract law, Leaseback, Sales, Cannabis, Economy, Articles, Medicine

IIP acquired the property in a sale-leaseback transaction with Green Leaf in May of last year, which comprises two buildings totaling approximately 266,000 square feet of industrial space.

Key Points: 
  • IIP acquired the property in a sale-leaseback transaction with Green Leaf in May of last year, which comprises two buildings totaling approximately 266,000 square feet of industrial space.
  • Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
  • Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
  • All statements other than historical facts, including, without limitation, statements regarding the lease of the Pennsylvania property, Green Leaf and the Pennsylvania regulated cannabis market, are forward-looking statements.

EasyKnock Completes $20 Million Series B Funding Round Opening the Door for More Americans to Realize the American Dream

Retrieved on: 
Tuesday, June 16, 2020
Other Construction & Property, Residential Building & Real Estate, Other Technology, Technology, Construction & Property, Contract law, Leaseback, Leasing, Sales, Economy, National Association of Realtors

One of EasyKnocks products, Sell & Stay, is the first commercialized, residential sale leaseback program in the United States.

Key Points: 
  • One of EasyKnocks products, Sell & Stay, is the first commercialized, residential sale leaseback program in the United States.
  • Since the last funding round in May 2019, EasyKnock has launched the MoveAbility for Realtors offering and announced partnerships.
  • Founded in 2016, EasyKnock is the United States' first technology-enabled residential sale-leaseback company that brought American homeowners Sell and Stay and MoveAbility.
  • Headquartered in New York City and Charlotte, North Carolina, EasyKnock currently provides its innovative financial products to homeowners across 50 states.

Global Net Lease Provides Rent Collection Update

Retrieved on: 
Tuesday, June 2, 2020
Contract law, Economy, Articles, Leasing, Leaseback, Sales, Futurology, Global catastrophic risk, Due diligence

"We believe that GNL's historic emphasis on credit quality, underwriting and due diligence has made this outstanding collection rate possible during a time of unprecedented global crisis," said James Nelson, CEO of GNL.

Key Points: 
  • "We believe that GNL's historic emphasis on credit quality, underwriting and due diligence has made this outstanding collection rate possible during a time of unprecedented global crisis," said James Nelson, CEO of GNL.
  • "Our team's dedication, combined with our balance of mission critical industrial and distribution assets will continue to serve us well as we navigate this pandemic."
  • 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.
  • These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different.

LTC Senior Management to Participate in the NAREIT REITWeek 2020 Conference

Retrieved on: 
Wednesday, May 27, 2020
REIT, Seniors, Consumer, Residential Building & Real Estate, Construction & Property, Economy, Finance, Money, Real estate investment trusts, National Association of Real Estate Investment Trusts, Real estate investing, 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 NAREIT REITWeek 2020 Investor Conference on Tuesday, June 2 and Wednesday June 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 NAREIT REITWeek 2020 Investor Conference on Tuesday, June 2 and Wednesday June 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.
  • All statements other than historical facts contained in this press release are 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.

Altavair Closes Sale and Leaseback of Six A321-200 Aircraft with Delta Air Lines

Retrieved on: 
Tuesday, May 19, 2020
Finance, Banking, Air, Professional services, Transport, Aviation, Airlines, Finance, BOC Aviation, Bank of China, Leaseback, US Airways, Kohlberg Kravis Roberts, Airbus A321, Delta Air Lines, Airbus, KKR, Altavair L.P.

KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft.

Key Points: 
  • KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft.
  • The acquisition was made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKRs credit and infrastructure funds in 2018 to acquire aircraft to be serviced by Altavair.
  • Altavair CEO Steve Rimmer said, We are pleased to again have the opportunity to transact with Delta, especially during this period of economic uncertainty.
  • Due to our longstanding relationship with Delta, we were able to document and close on this transaction in very short order.

Sean Sullivan Joins Vx Capital Partners as Chief Financial Officer

Retrieved on: 
Tuesday, May 12, 2020
Finance, Economy, Money, Financial markets, Investment, Allco Finance Group, Leasing, Leaseback, VX, Private equity

SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) -- Vx Capital Partners (Vx) is pleased to announce the appointment of Sean Sullivan as its Chief Financial Officer.

Key Points: 
  • SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) -- Vx Capital Partners (Vx) is pleased to announce the appointment of Sean Sullivan as its Chief Financial Officer.
  • He will lead Vxs efforts to raise private equity funds and expand its current focus on sale and leasebacks.
  • Sullivan previously held senior positions at International Lease Finance Corporation, Allco Finance Group, and Bank of America Leasing and Capital.
  • Sullivan said, I am truly excited to be joining Vx at this time.

LTC Senior Management to Participate in the Berenberg Conference USA 2020

Retrieved on: 
Wednesday, May 6, 2020
Commercial Building & Real Estate, Seniors, Construction & Property, Managed care, Health, REIT, Consumer, Residential Building & Real Estate, Economy, Real estate investment trust, Real estate investing, 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 Berenberg Conference USA 2020 on May 19, 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 Berenberg Conference USA 2020 on May 19, 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.
  • All statements other than historical facts contained in this press release are 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.