Case Study: Catholic Charities of the East Bay unlocks $3.1M in equity with Lee & Associates' sale-leaseback solution

Catholic Charities of the East Bay unlocks $3.1M in equity with Lee & Associates

Catholic Charities of the East Bay (CCEB) faced a significant financial challenge with a 70-year-old, largely vacant building requiring over $1 million in upgrades. The property was in a high-crime area with little market demand, and the recession had reduced charitable donations, leaving CCEB without the capital for renovations. Lee & Associates was engaged to sell or lease the challenging asset.

Lee & Associates executed a sale-leaseback strategy, selling the property for $4.7 million in an all-cash, as-is transaction. This solution provided CCEB with $3.1 million in net proceeds and avoided $1 million in rehabilitation costs, while a 15-year leaseback allowed the organization to remain in the building at a stable occupancy cost. The outcome unlocked crucial equity for Catholic Charities of the East Bay to fund its mission work.

Catholic Charities of the East Bay (cceb)