Transportation Firm Pockets $101M on First Phase of Sale-Leaseback Deal
Commercial Property News reports: For real estate-owning businesses seeking a quick cash infusion, selling the property they occupy and then leasing it from the new owner has proven to be a popular move, but the credit crunch has put a damper on such activity, which makes transportation service provider YRC Worldwide Inc.'s closing of the first phase of a $151 sale-leaseback deal quite a coup.
According to global commercial real estate research and consulting firm Real Capital Analytics, sale-leaseback transactions decreased 51 percent from 2007 to 2008, and fourth quarter numbers are even more dire; sale-leaseback deals plunged 86 percent from the last three months of 2007 to the last three months of 2008.
View the full article on Commercial Property News: Transportation Firm Pockets $101M on First Phase of Sale-Leaseback Deal
Posted by: Nina Turner