What we do

Corporate Recapitalizations

We work with middle-market companies to unlock capital from owned real estate, transforming illiquid assets into strategic growth capital—without disrupting day-to-day operations.

Why Recapitalize with Real Estate Capital Net Lease Capital?

Many middle-market operators hold valuable real estate but face constraints when trying to access that value to redeploy into their business. Traditional financing can be limiting, costly, and equity-intensive.

With Tenet, a real estate sale leaseback becomes a strategic lever:

Improve return on equity by reducing capital costs

Avoid equity dilution or restrictive debt covenants

Fund growth, acquisitions, or internal initiatives

Retain long-term operational control through custom lease terms

This approach gives companies greater financial agility without compromising stability.

Modern glass office buildings with reflective blue windows and a paved walkway at sunrise.

Consider an Example

Traditional real estate financing covers only 60–70% of a property’s value, often requiring 30–40% equity. With Tenet, our lease structures typically require no equity contribution—meaning your capital cost is simply the lease itself.

In nearly all cases, lease capital costs less than ownership capital, improving return on equity and increasing valuation.

Result: Lower ↓ Equity Requirement = Higher ↑ Economic Profit (Net Operating Profit – WACC)

Plus: Increased operational flexibility with a portable capital stack—unlike most debt instruments.

Comparison of traditional ownership vs. Tenet sale-leaseback model showing reduced WACC and no equity required.

When It Makes Sense

You want to unlock equity from owned real estate

You’re preparing for expansion, acquisition, or shareholder transition

Your capital structure is too rigid or debt-heavy

You’re seeking alternatives to equity dilution

You value a streamlined, transparent process

Explore Related Solutions

Team meeting in modern glass office, symbolizing strategic lease management and workspace planning.

Lease Optimization

We help our customers acquire properties from their existing landlords and improve their current lease terms by lowering rent and advancing additional proceeds for improvements.

Learn More