 With the clap notes now out of the way, the construction improvements done and having a low-interest conduit loan on the property that can be easily assumed by another buyer, the company can now move on to step three of their real estate strategy, which is usually a sale leaseback, in which they sell the property to another real estate investor with themselves as the long-term lessee.Having a AAA lessee on the property in a long-term lease increases the value of the property dramatically beyond the value of the built improvements.Selling the property in a sale leaseback at this stage allows the corporation to have its cake and eat it too