The number of sale-leaseback deals nationwide remained robust during the third quarter, but the dollar volume represented by those deals halved, according to SLB Capital Advisors’ latest report.
SLB reported 237 discrete sale-leasebacks during the third quarter, equal to the second quarter, which was a record.
Dollar volume was down considerably in Q3 2022, however, at $5.1B, half of Q2’s $10.2B. SLB chalked up the drop to the lack of large casino deals in the third quarter.
Large third-quarter sale-leaseback deals included Boston Properties acquiring Biogen’s headquarters for $592M and Oak Street’s purchase of a QVC/HSN distribution portfolio for $443M. Only seven deals totaled more than $100M in the…