Private-Equity Firms Bet Big on Property Sale Leasebacks
February 4, 2022: SLB Capital Advisors’ Scott Merkle provided perspective on Carlyle Group’s big move into sale leasebacks
- “It’s a really sizeable transaction in the net-lease sector. And what Carlyle is doing is different from what we’ve seen KKR and Cerberus and Ares do so far. They’ve been building out portfolios kind of asset by asset. Carlyle just bought a full net-lease platform, not just people but a $3 billion dollar portfolio of assets. This is Carlyle making a pretty plashy entrance into the sale-leaseback arena.”
- “Sale leasebacks and net-lease investments are really a convergence of a regular property transaction and a corporate-finance capital raise. Private Equity firms are marrying up their credit arms with their real estate arms and are able to apply both of those skill-sets in the net-lease space”
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