1727 ET - Sale leasebacks in the U.S. totalled $4.23 billion during last year's 4Q, roughly 18% more than the $3.59 billion recorded in the same period of 2023, according to SLB Capital Advisors. The New York-based advisory firm specializes in such transactions, in which an investor buys a property and immediately leases it back to the seller. The number of sale leasebacks during 4Q rose by about 17% from a year earlier, to 196 deals, the highest amount in the past seven quarters, SLB says. An acquisition by Realty Income, a real-estate investment firm, of a group of properties from convenience-store chain 7-Eleven for $771 million marked the largest sale leaseback transaction in 4Q, SLB adds. (luis.garcia@wsj.com; @lhvgarcia)

(END) Dow Jones Newswires

March 10, 2025 17:27 ET (21:27 GMT)

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