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ARTICLE · 27 NOVEMBER 2007

Sale-Leaseback Transactions

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Though not a new concept, we have seen an increased volume of sale-leaseback transactions, both for owners of operating businesses that wish to “monetize” the real estate they use, and for governmental agencies transferring the risk of management and ownership of buildings the government uses to third parties.

CanadaReal Estate and Construction
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Article by Thomas von Hahn, © 2007, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Real Estate Leasing, November 2007

Though not a new concept, we have seen an increased volume of sale-leaseback transactions, both for owners of operating businesses that wish to "monetize" the real estate they use, and for governmental agencies transferring the risk of management and ownership of buildings the government uses to third parties.

Generally, a sale-leaseback transaction involves an operating business that no longer wishes to carry the real estate on its books or wishes to find an alternative source of financing without showing debt on its books, selling its office or industrial premises and leasing them back from the new owner. The seller finds a buyer who will become the landlord under the new arrangement and the seller becomes the tenant of this landlord.

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