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."
Read the full article here.