Leaseback

Fortress Transportation and Infrastructure Investors LLC and Air France Announce an Agreement for the Sale and Leaseback of Sixteen Aircraft

Retrieved on: 
Thursday, April 30, 2020
Airlines, Companies, Contract law, Leaseback, Leasing, Sales, Air France–KLM, Air France, Aviation

NEW YORK and PARIS, April 30, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors, LLC (NYSE: FTAI) and Socit Air France, a wholly owned subsidiary of Air France KLM S.A. (OTCMKTS: AFLYY; Air France) announce an agreement in which FTAI has agreed to purchase and leaseback 16 aircraft from Air France for an average term of 34 months.

Key Points: 
  • NEW YORK and PARIS, April 30, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors, LLC (NYSE: FTAI) and Socit Air France, a wholly owned subsidiary of Air France KLM S.A. (OTCMKTS: AFLYY; Air France) announce an agreement in which FTAI has agreed to purchase and leaseback 16 aircraft from Air France for an average term of 34 months.
  • We are excited to partner with the Air France team on this transaction, said Joe Adams, FTAIs Chairman and Chief Executive Officer.
  • FTAIs flexible approach to leasing and expertise in the CFM engine market has allowed us to provide significant value to Air France.
  • Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally.

Cresco Labs Closes Sale-and-Leaseback With Innovative Industrial Properties for Michigan Facility

Retrieved on: 
Thursday, April 23, 2020
Alternative medicine, Retail, Health, Tobacco, Agriculture, Natural Resources, Cannabis in Illinois, Cresco Labs, Cresco, Leaseback, OTC Markets Group, Cannabis

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has completed the agreement to sell its Marshall, MI property to Innovative Industrial Properties, Inc. (IIP).

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has completed the agreement to sell its Marshall, MI property to Innovative Industrial Properties, Inc. (IIP).
  • The previously announced sale was for a consideration of approximately $16 million, which includes $11 million in funding for tenant improvements.
  • Cresco Labs CEO and Co-founder Charlie Bachtell said, We are pleased to announce the successful completion of yet another sale-and-leaseback transaction.
  • Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States.

Global Net Lease Announces Release Date For First Quarter 2020 Results

Retrieved on: 
Tuesday, April 21, 2020
Communication, Forward-looking statement, Leasing, Economy, Leaseback, New York Stock Exchange, Articles

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.

EasyKnock Creates The Stay Mission to Stop US Homelessness Amidst Record Unemployment Rates

Retrieved on: 
Wednesday, April 15, 2020
Personal finance, Economy, Mortgage, Finance, United States housing bubble, Foreclosure, Real property law, Urban decay, Leaseback, Eviction

The Stay Mission is aimed at helping Americans in danger of foreclosure or eviction to stay in their homes.

Key Points: 
  • The Stay Mission is aimed at helping Americans in danger of foreclosure or eviction to stay in their homes.
  • Some of their financial hardships may be due to the economic disruptions caused by COVID-19.
  • 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.

LTC Senior Management to Participate in the Mizuho Inaugural Healthcare REIT Conference

Retrieved on: 
Thursday, April 2, 2020
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, 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 Mizuho Inaugural Healthcare REIT Conference on April 7, 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 Mizuho Inaugural Healthcare REIT Conference on April 7, 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 more than 180 investments in 27 states with 29 operating partners.
  • 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 Completes Divestiture of Preferred Care Portfolio Ahead of Schedule

Retrieved on: 
Thursday, April 2, 2020
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Economy, Real estate investment trust, Real estate investing, Leaseback

LTC Properties Inc. (NYSE: LTC), a real estate investment trust investing in seniors housing and health care properties, today announced the completion of the sale of its Preferred Care, Inc. portfolio.

Key Points: 
  • LTC Properties Inc. (NYSE: LTC), a real estate investment trust investing in seniors housing and health care properties, today announced the completion of the sale of its Preferred Care, Inc. portfolio.
  • LTC previously communicated that it anticipated concluding the sale during the second quarter of 2020 but finalized the transactions ahead of schedule.
  • We enjoyed a long, profitable and amicable relationship with Preferred Care, and wish them much success with their newly reorganized company.
  • 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.

Hilco Corporate Finance Advises Global Private Equity Fund and Their Portfolio Company's New Financing

Retrieved on: 
Monday, February 24, 2020
Economy, Finance, Money, United States securities law, Hilco Global, Investment banking, Financial Industry Regulatory Authority, Securities Investor Protection Corporation, Leaseback, Broker-dealer

NORTHBROOK, Ill., Feb. 24, 2020 /PRNewswire/ -- Hilco Corporate Finance, LLC ("HCF"), a mid-market investment bank and an operating unit of Hilco Global, announced the successful completion of a $70 million machinery and equipment sale leaseback transaction for the portfolio company of a multi-billion dollar global private equity fund.

Key Points: 
  • NORTHBROOK, Ill., Feb. 24, 2020 /PRNewswire/ -- Hilco Corporate Finance, LLC ("HCF"), a mid-market investment bank and an operating unit of Hilco Global, announced the successful completion of a $70 million machinery and equipment sale leaseback transaction for the portfolio company of a multi-billion dollar global private equity fund.
  • The private equity firm approached HCF to advise and arrange a new M&E Sale Leaseback facility for a recently acquired portfolio company.
  • About Hilco Corporate Finance: Hilco Corporate Finance LLC is a registered broker/dealer with the Securities and Exchange Commission and a member of FINRA ( www.finra.com ) and SIPC ( www.sipc.org ).
  • Hilco Corporate Finance specializes in merger and acquisition advisory services, debt advisory services, private capital raising and strategic advice on mid-market transactions.

Lab Properties' New Sale-Leaseback Program Provides Cannabis Operators with Working Capital

Retrieved on: 
Saturday, February 22, 2020
Herbalism, Medicinal plants, Medicine, Health sciences, Health, Cannabis, Cannabis smoking, Entheogens, Medical cannabis, Leaseback

SAN DIEGO, Feb. 22, 2020 /PRNewswire-PRWeb/ --Lab Properties, a real estate investment company specializing in acquiring and owning a portfolio of real estate for the regulated and licensed cannabis industry, today announced the launch of their sale-leaseback program, providing existing cannabis operators the opportunity to unlock trapped equity and working capital without an interruption in daily operations or property possession.

Key Points: 
  • SAN DIEGO, Feb. 22, 2020 /PRNewswire-PRWeb/ --Lab Properties, a real estate investment company specializing in acquiring and owning a portfolio of real estate for the regulated and licensed cannabis industry, today announced the launch of their sale-leaseback program, providing existing cannabis operators the opportunity to unlock trapped equity and working capital without an interruption in daily operations or property possession.
  • As the equity capital markets decelerate in the maturing cannabis industry, many state-licensed cannabis operators are challenged to find the capital resources needed to expand and scale their businesses.
  • With the launch of this new program, Lab Properties hopes to empower cannabis companies to use real estate as a pathway to liquidity .
  • Lab Properties is committed to servicing the commercial cannabis industry and is proud to act as a strategic partner and source of capital for the cannabis industry.

FuelCell Energy Closes Tax Equity Sale-Leaseback Financing for the 2.8 MW Tulare BioMAT Fuel Cell Project with Crestmark

Retrieved on: 
Thursday, February 13, 2020
Articles, FuelCell Energy, Sustainable energy, Leaseback, Economy, Alternative energy, Energy

Crestmarks commitment totals $14.4 million through a ten-year sale-leaseback structure and further demonstrates the markets interest in FuelCell Energy and our sustainable energy platforms.

Key Points: 
  • Crestmarks commitment totals $14.4 million through a ten-year sale-leaseback structure and further demonstrates the markets interest in FuelCell Energy and our sustainable energy platforms.
  • This efficient sale-leaseback financing structure enables FuelCell Energy to retain the Tulare BioMAT project in our generation portfolio, enhancing the Companys recurring cash flows and margin.
  • Crestmark is excited to add FuelCell Energy to our growing list of clean tech and alternative energy clients, said Jon Ellis, Renewable Energy Vice President of Crestmark.
  • SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.

BlueLinx Announces Completion of Nine-Property Sale-Leaseback Transaction; $34 Million in Net Proceeds Results in Significant Debt Repayment

Retrieved on: 
Monday, February 3, 2020
BlueLinx, Leaseback, Economy

Mitch Lewis, President and Chief Executive Officer, stated, I am pleased to announce the closing of these sale-leaseback transactions, which generated an additional $34 million in net cash proceeds for debt repayment.

Key Points: 
  • Mitch Lewis, President and Chief Executive Officer, stated, I am pleased to announce the closing of these sale-leaseback transactions, which generated an additional $34 million in net cash proceeds for debt repayment.
  • No changes were made to facility size, maturity date, pricing or other material terms.
  • BlueLinx has a differentiated distribution platform, value-driven business model and extensive cache of products across the building products industry.
  • BlueLinx encourages investors to visit its website, www.BlueLinxCo.com, which is updated regularly with financial and other important information about BlueLinx.