Sale-leaseback transactions involve the sale of property by the owner and a lease of the property back to the seller  (FAS 13, Paragraph  32).

Typically, our  sale-leaseback transactions have had no personal liability, no financial  covenants or restrictions, and 10 to 20-year leases with term extensions and  repurchase options.

Further, unlike debt  payments, the entire amount of the lease payment is deductible for tax  purposes.