Net Lease Market brings you the latest trends, news and information from around the world and its impact on the net lease market.
Friday, February 4, 2011
CoStar Agrees to $101MM Sale Leaseback
CoStar agreed to sale of their bldg in DC. They purchased it for $41MM last year and sold to a German fund for $101MM. Not a bad return for one year holding period. That IRR should be through the roof. CoStar signed a 15 year lease.