leaseback
noun
lease·back
| \ ˈlēs-ˌbak
\
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Definition of leaseback
: the sale of property with the understanding that the seller can lease it from the new owner
Examples of leaseback in a Sentence
Recent Examples on the Web
The health care company recently underwent a $1.55 billion sale leaseback agreement with real estate investor Medical Properties Trust that did not include its Texas properties. — Laura Garcia, ExpressNews.com, "Nix Health cutting hundreds of jobs, closing facility as it scales back operations in San Antonio," 29 Aug. 2019 Last week, Nix Health’s parent company entered a $1.55 billion sale-leaseback agreement with real estate investor Medical Properties Trust. — Laura Garcia, ExpressNews.com, "Historic Nix building for sale in downtown San Antonio," 28 July 2019 Early plans Chemical Bank announced its new Detroit headquarters in July 2018 and initially planned to own the new building itself, with an eye to a possible sale-leaseback transaction after 10 years for about $154 million. — Jc Reindl, Detroit Free Press, "Chemical Bank chairman's grown kids get development, landlord deal," 6 July 2019 Other terms of the deal include VICI being given right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. — Washington Post, "High rollers: Eldorado buys Caesars in deal valued at $17B," 24 June 2019 In other terms of the deal, VICI gets right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. — CBS News, "Eldorado Resorts buying Caesars in $17 billion casino merger," 24 June 2019 Other terms of the deal include VICI being given right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and the Horseshoe Casino Baltimore. — Regina Garcia Cano, baltimoresun.com, "Horseshore Casino Baltimore's parent company acquired by Eldorado Resorts," 24 June 2019 The sale/leaseback of the city’s Public Safety Building occurred when the council met last week, while the measures coming up next week would authorize bond sales of $120 million, backed by U.S. Steel monies to the city. — Gregory Tejeda, Post-Tribune, "Advisers: Deals could be difference between solvency and debt for Gary," 13 June 2019 Mesirow has purchased properties in sale-leaseback deals from Verizon Communications Inc. and Unilever USA. — Keiko Morris, WSJ, "WarnerMedia Puts Its Stake in New HQ Building Up for Sale, Before It Moves In," 8 Jan. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'leaseback.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for leaseback
leaseback
noun
lease·back
| \ ˈlēs-ˌbak
\
\
Legal Definition of leaseback
: the sale of property with the understanding that the seller can lease it back from the new owner
—often used in the phrase sale and leaseback