First quarter 2025 saw six sale-leaseback (SLB) transactions exceeding $100 million, according to SLB Capital Advisors. With the SLB market as a critical source of capital for many industries, the total amount of the six SLB transactions in the first quarter of 2025 was $2 billion.
In total for the quarter, there were 153 sale-leasebacks that raised $3.8 billion. This fundraising period already surpasses the $3.5 billion raised by the 17 largest SLBs in 2024, according to SLB Capital Advisors.
Among the transactions, Reign Capital acquired 74 AT&T office properties for $850 million, Blue Owl acquired 165 of SouthState Bank’s branches for $467 million, and Madison Capital acquired four of REI’s industrial properties for $230 million.
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