Table of Contents

Chapter 1:Economics of Net Leases and Sale-Leasebacks Chapter 2:The Lease Chapter 3:Bankruptcy Considerations Chapter 4:Financing Chapter 5:Tax Considerations Chapter 6:Regulatory Considerations for the Owner-Landlord Chapter 7:Financial Accounting Treatment Appendix A:Deriving the Simplified Formula for Perpetual Cash Flows Appendix B:US Corporate Average Fifteen-Year Cumulative Default Rates 1981-2013 (%) Appendix C:Description of Long-Term Issuer Ratings from the Major Ratings Agencies Appendix D:Calculating Expected Variability of Returns Under GAAP Appendix E:Net Lease