CCIM Institute definition:
In a typical sale-leaseback, a property owner sells real estate used in its business to an unrelated private or institutional investor. Simultaneously, the property is leased back to the seller for a mutually agreed-upon time period.
Opportunity to capitalize on favorable market conditions
Convert equity into cash
Maintain possession and control of the property
Eliminate debt financing costs
Avoid debt restrictions
Increased tax deductions/tax benefits