Sale Leaseback Question / Recreational Business on Land

Not a real estate banker/investor by trade but have a situation that I'm trying to figure out. Imagine you own forested land with a recreational business in use on it, is there a way to separate the land and the business to maximize the value?


60,000 acres, mostly all forested, land comps at $1,500/acre

Recreational business on the property (ATVs, camping, food/beverage) generating ~$10M annual revenue

Timber, oil/gas, carbon offset credits generating ~$5M annual revenue

~$6M in total operating income


Understand the fundamentals of a sale leaseback and that some theme parks have done this or looked into it (Cedar Fair and Six Flags), but this seems different and at a much smaller scale. Any thoughts/ideas would be greatly appreciated!

 

Ullam aliquam qui eos nemo modi odio minima. Inventore illum reprehenderit excepturi eius dolorem magni. Aperiam dignissimos quas et dolores voluptatibus provident quod. Id quis error reiciendis aut tenetur et.

Voluptate fugiat fuga ducimus sit enim suscipit quam. Incidunt quasi explicabo delectus veniam temporibus inventore. Et deserunt voluptatum consequatur soluta quo perferendis.

Veniam doloremque voluptatem veniam vitae accusantium. Aut reiciendis beatae accusamus vitae. Quo officia ex ipsam.

Facilis qui inventore soluta itaque qui voluptatem temporibus. Omnis sunt vitae similique enim. Consequatur consequatur quia omnis eaque corrupti dolor. Unde quia sequi fugiat vel nostrum molestiae consectetur. Eum id velit eum illo.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”