Sale-Leasebacks Poised to Continue Growth Trend in LANovember 15, 2021 – Media Mention
Real Estate Partner, Steve Lurie, shared his expertise with Los Angeles Business Journal in the article "Sale-Leasebacks Poised to Continue Growth Trend in LA." Steve discusses tax disadvantages and a loss of flexibility in the context of sale-leasebacks, a transaction in which a property is sold and then leased back by the seller. According to Steve, buyers desired sale-leasebacks because the lease rates were generally on par with market rents.
"The seller, Lurie said, also loses some flexibility by leasing and not owning the property."