Acquisitions:

Energy Conversion Systems (ECS)

We executed the sale-leaseback of four manufacturing facilities totaling 367,000 square feet with Energy Conversion Systems to facilitate the acquisition of the Company by its current owners. We worked within a corporate acquisition timeline requiring coordination with various debt and equity participants.

Founded in 1906, ECS manufactures integrated energy conversion systems for the automotive, appliance and consumer products industries. ECS offers technologically advanced design services and manufacturing and is one of the world's leading suppliers of electric motor components.

Collins & Aikman Corporation

We executed the sale-leaseback of five manufacturing facilities and one distribution center totaling approximately 2,000,000 square feet with Collins & Aikman to support general operating capital needs of the Company. Encompassing two transactions, we acquired the properties in the midst of a total reorganization of the company and its operations.

Collins & Aikman Corporation is a global leader in cockpit modules and automotive floor and acoustic systems and a leading supplier of instrument panels, plastic-based trim, and convertible top systems.

Advisory:

A major Hardee's Food Systems franchisee

We procured a private equity firm to acquire the operations of a 40-unit Hardee's franchisee group, facilitating the operator's total divestiture of his ownership. The majority of the financing for the acquisition was obtained via a sale-leaseback of 23 fee-owned properties, provided by a third party.

Hardee's Food Systems, Inc. is a wholly owned subsidiary of CKE Restaurants, Inc. CKE has a total of 3,160 franchised or company-owned restaurants in 43 states and in 13 countries.