Dow Jones Market Talk cited SLB Capital Advisors’ perspectives on the sale leaseback market.
The three largest sale-leaseback deals in the U.S. during this year’s first three months had a combined value of nearly $1 billion, according to SLB Capital Advisors.
The largest of the three deals involved Gaming & Leisure Properties’ acquisition in February of properties from Bally’s Twin River Lincoln Casino Resort in Rhode Island.
In another deal, Essential Properties bought a collection of 69 restaurants from the Denny’s chain for $146 million, SLB adds.
“These headline transactions came during an active first quarter for the broader sale-leaseback market.”