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STREAM Advises Amerant Bancorp on $135 Million Sale Leaseback of Coral Gables HQ
STREAM Capital Partners has advised Amerant Bancorp, Inc., on the $135-million sale leaseback of its corporate headquarters property in Coral Gables, FL. The property — a 177,000-square-foot Class A office building and attached indoor parking facility with 400 spaces — was 90% occupied by multiple tenants, with Amerant Bank as the master tenant.
Amerant is leasing back the property for a period of 18 years from the time of closing. The buyer was an institutional buyer.
Jonathan Wolfe, Jordan Shtulman and Sasha Dominguez of STREAM Capital Partners represented Amerant in the transaction.
“The South Florida real estate market is attracting capital from across the globe, said Dominguez. “We expect to see many more companies in South Florida looking to sell and lease back their corporate-owned real estate as the valuations are extremely attractive today.”
- ◦Sale/Acquisition
- ◦Financing
