Sale-leasebacks provide maximum value realization, flexible terms, potential tax and balance sheet benefits, and a long-term solution for a company’s real estate assets. These benefits make a sale-leaseback an ideal tool for private equity and middle-market companies seeking an alternative to traditional financing. A sale-leaseback involves the transfer of real estate to a financial sponsor, the buyer/landlord, and the concurrent lease back to the seller/tenant as user and operator of the real estate under a lease agreement.