Buying & Selling

We have an overseas client that has done and is now interested to do more large sale leasebacks in Canada, the U.S. and in Europe. This is a unique client in that they do not finance their deals, and they will accept to do sale leasebacks with strong developers who will master lease their properties. A typical deal will have a developer sell their entire portfolio on a 20-25 year sale leaseback on an all cash basis.  Another idea of what they will do that others won’t is a sale leaseback with a REIT that was has solid financial strength. They will buy single tenant deals where they arrange the leaseback with the tenant/seller and this will be dependent upon their credit and/or financial strength.  A strong guarantor is a critical element to the transaction. This client does not finance their deals with debt – they write a check.  There are deals with existing first mortgages that cannot be prepaid and they will buy the deal all cash to the first(s) and assume those loans (their preference it to just pay cash without such assumptions, but they will assume debt that can’t be prepaid or removed). Their interest starts with deals at $100 million plus (but there is a strong preference for substantially larger deals) and will consider most property types, including hotels, office, industrial, retail, gas station portfolios, etc. They can also do these deals through buying the shares of the private corporation.  All dealings must be in the strictest of confidence.  Due diligence and closing can be done very quickly.  At the appropriate time, all proper credentials will be furnished.