Environmental Due Diligence for Sale/Leaseback
Chain Store Age
4/19/2007
Susan Phillips
Many retailers are finding sale/leasebacks a good strategy to free up capital while ensuring the long-term use of property. Both owned and ground-leased properties may be eligible for sale/leaseback even before construction is complete, and properties may be sold individually or combined in a portfolio and structured as either a private placement or a 144A public offering. The key to ensuring that a property's environmental condition will pass muster is to conduct appropriate due diligence during the acquisition process and to assemble the necessary documentation following acquisition.
In this article, published on April 19, 2008 in Chain Store Age (both in print and online), Mintz Levin attorney Susan Phillips explores the necessity of environmental due diligence in sale/leasebacks.
