Track Record
Acquisition Map
Restaurants
Click to View
Gas/C-Stores
Click to View
Drug Stores
Click to View
Bank Branch
Click to View
Grocery
Click to View
Office/Industrial
Click to View
Mobile Home Parks
Click to View
Hotel
Click to View
Restaurants
Church’s Chicken
335 Properties
Skyline and its joint-venture partners completed a sale-leaseback with Church’s Chicken Restaurants. The transaction consisted of 335 properties nationwide. Upon close of escrow, Skyline and Church’s executed new long-term leases for each location.
Location: Nationwide
Don Pablo’s
15 Restaurants
Skyline and its joint-venture partners completed a sale-leaseback with Don Pablo’s Restaurants. The transaction consisted of 15 properties in 5 states. Upon close of escrow, Skyline and Don pablo’s executed new long-term leases for each location.
Location: 5 States
Burger King
23 Restaurants
Skyline completed a sale-leaseback with a regional Burger King franchisee, who signed a long term net lease with Skyline at the restaurants at closing.
Location: VA and NC
Krystal
72 Restaurants
Skyline through a joint venture, completed a sale-leaseback transaction with the private equity group acquiring Krystal Holdings, Inc., the parent of Krystal’s. Krystal’s signed new long term net leases at the restaurants at close.
Location: 5 States
KFC
23 Restaurants
Skyine, through a joint venture, completed a sale-leaseback transaction with a regional KFC franchisee. The franchisee signed new long term net leases at the restauraunts at close.
Location: 5 States
Five Guys Burger and Fries
Restaurants
Skyline purchased two 5 Guys Burger and Fries Restaurant properties in Virginia, and plans to provide capital to the tenant to remodel the properties.
Location: VA
Applebee’s Restaurant
181 Restaurants
In June of 2008, Skyline and its joint-venture partners completed a sale-leaseback with Applebee’s Restaurants. The transaction consisted of 181 properties nationwide. Upon close of escrow, Skyline and Applebee’s executed new long-term leases for each location.
Location: 20 States
Gas/C-Stores
Tesoro
30 Service Stations
Tesoro Corporation approached Skline seeking to exit the retail sector of their operations, a portfolio of 30 service stations in Utah, Alaska, and Hawaii. Skyline and Tesoro successfully negotiated a Master Lease for the properties. Time was of the essence, and the transaction was closed in fewer than 30 days.
Location: UT, AL, and HI
GLQL
Valvoline Franchisee
Great Lakes Quick Lube, a leading Valvoline franchisee, approached Skline seeking expansion capital to purchase 13 sites in Iowa and Illinois. Skyline purchased the sites in a simultaneous transaction and entered into a 15 Year NNN Master Lease with the Company.
Location: MI, IA, IL
United Oil
Retail and Wholesale Business and 112 Gas Station Properties
Skyline and its joint-venture Partners purchased this Southern California business, which included approximately 130 gas stations properties, as well as the associated retail gas business, a wholesale fuel business and a fuel transportation business.
Location: CA
Couche-Tard
202 Circle K Service Stations
Couche-Tard, Canada’s third-largest retailer with more than 5,000 outlets, sought financing for it’s acquisition of Circle K, the largest acquisition in the company’s history. In September 2004, Skyline and it’s joint-venture partner, completed a sale-leaseback with Couche-Tard. The transaction consisted of 202 properties throughout the country. Upon close of escrow, Skyline and Couche-Tard executed new long-term leases for each location.
Location: 19 States
Pester
65 Service Stations
Skyline, with its joint venture partners, acquired the real estate and operating business of a 150+ store gas station and convenience store chain located in the Mountain West, with a heavy concentration of locations in Colorado. The joint venture continues to operate the business as part of its larger gas station and convenience store holdings.
Location: CO, NM, WY, NE
Drug Stores
Rite Aid
38 Drug Stores
Skyline and its joint-venture partner completed a sale-leaseback with Rite Aid Drug Stores. The transaction consisted of 38 properties in nine states. Upon close of escrow, Skyline and Rite Aid executed new long-term leases for each location.
Location: 9 States
Walgreens
15 Stores
Skyline and its joint-venture partners, acquired15 Walgreen’s Drug Stores in 5 states. Upon close of escrow, Skyline negotiated new 15 year leases at the majority of the stores with Walgreen’s.
Location: 4 States
CVS
53 Stores
Skyline and its joint-venture partners, completed a $244 million sale-leaseback with CVS Drug Stores. The transaction consisted of 53 properties in several states. Upon close of escrow, Skyline and CVS executed new long-term leases for each location.
Location: 20 States
Bank Branch
KBS
145 Retail Bank/Office Properties
Skyline and its joint-venture Partners purchased a loan secured by approximately 800 retail and office properties leased to various banks (including Bank of America, Wells Fago-Wachovia, KeyBank, PNC, BB&T) in secondary cites across the United States. As intended, Skyline and its joint-venture partners eventually took title to all the underlying real estate.
Location: 16 States
Citizens
27 Retail Bank Properties
Skyline and its joint-venture partners purchased 79 net leased bank branches from a Real Estate Investment Trust in 2018 and 2020. The bank branches were all leased to Citizen’s Bank and US Bank under net leases. A lease extension was negotiated for the majority of the bank branch properties, which were subsequently sold to other retail investors as long term net leased investments. A minority of the properties were repurposed as quick service restaurants or sold to smaller banks or other second generation users.
Location: 7 States
Chase
77 Retail Bank Properties
Skyline and its joint-venture partners purchased 77 bank properties from JP Morgan Chase. Approximately one third of the banks were net leased under short term leases, while the majority were delivered vacant. Skyline’s team re-tenanted many of the vacant properties with smaller banks and other retail users, sold others to second generation users and entitled a large scale mixed use development in Westchester County, New York.
Grocery
BJ’s
Wholesale Club
Skyline and its partners purchased an existing BJ’s Wholesale Club store located in North Canton, Ohio. The store had minimal term remaining on its net lease. Skyline successfully negotiated the early exercise of a lease extension with BJ’s Wholsale Club at the property.
Location: OH
Fresh & Easy
Leased and Vacant Grocery Assets
Skyline and its joint-venture Partners purchased an approximately 680,000 square foot gocery distributon center and a portfolio of 14 Fresh & Easy retail grocery stores, and approximately 35 vacant former Fresh & Easy sites located in CA, AZ and NV.
Location: CA, AZ, NV
Kroger
Skyline purchased a portfolio of 4 grocery store anchored shopping centers in Indiana, Michigan and Georgia. The Kroger Company (“Kroger”) was the anchor grocer at each of the properties and also operated Kroger branded gas stations at the properties. As part of the acquisition terms, Kroger signed new 15 years leases on both the anchor grocery stores and gas stations.
Location: GA, MI, IN
Office / Industrial
221 Pine Street
Office Building
Skyline acquired the office building located at 221 Pine Street in San Francisco’s historic financial district in 2005. It currently operates it as a multi-tenant office for technology and traditional office tenants. Ground floor tenants at the building include restaurant and general retail users.
Location: San Francisco, CA
332 Pine Street
Office Building
Skyline acquired the office building located at 332 Pine Street in San Francisco’s historic financial district in 2012. It currently operates it as a multi-tenant office for technology and traditional office tenants. The ground floor tenant at the building is a design focused office furniture retailer.
Location: San Francisco, CA
1100 – 1800 Merrill Lynch Drive
Office Campus
Skyline and its joint-venture partners acquired Merrill Lynch’s 1.8 million square foot office campus in the Princeton, New Jersey office market.
Location: Princeton, NJ
Collins & Aikman
Industrial Portfolio
Collins & Aikman, a major supplier to the automotive industry, sought increased liquidity in 2005 during a very difficult time for the auto industry. Skyline provided sale-leaseback financing on six of the Company’s major facilities when most sale-leaseback competitors were shunning the auto industry.
Location: NC
American Tire Distributors
Built-to-Suit
Skyline and its partners funded two regional distribution and sales facility build to suit projects for American Tire Distributors in Manchester, New Hampshire and Chattanooga, Tennessee.
Location: NH, TN
Mobile Home Parks
Mobile Home Parks
Skyline owns and operates mobile home parks across California and is actively underwriting mobile home park sites throughout the western United States.
Hotel
Avatar
Hotel
Skyline joined forces with Joie De Vivre, a boutique hotel operator, to purchase the Holiday Inn Santa Clara in Santa Clara, CA. The hotel is a 167 room hotel located in the heart of Silicon Valley. The hotel has since been rebranded as The Hotel Avatar, a boutique Joie De Vivre hotel.
Location: CA
Hilton Garden Inn
Hotel
Skyline and its joint venture partners built and operate the the 107 room Hilton Garden Inn in Palmdale, California.
Location: CA
Hotel Rex
Hotel
Skyline Pacific Properties, LLC joined forces with Joie De Vivre, a boutique hotel operator, to purchase the Rex Hotel in San Francisco, CA. The Rex Hotel is a 153 room hotel located one block off of Union Square, a few doors from the San Francisco Play House. Skyline sold the Rex Hotel in 2012.
Location: CA