Transwestern.com V e r se o n Sale/Leaseback Freemont, CA After creating a state-of-the-art research and development facility in Fremont, CA, Verseon was ready to focus on its drug pipeline. In order to continue funding ongoing clinical trials Verseon needed to execute a sale-leaseback. “Step one of our strategy was to identify investors comfortable with the inherent risks owning such a specialized facility, “said Andrew Wheeler, Associate at Transwestern. The $34.7-million facility was encumbered by PACE financing and would be leased to an early-stage pharmaceutical company. Next, the team created competition among potential investors. Transwestern sourced a risk-tolerant investor that saw the value in partnering with Verseon and providing a purchase option. Verseon

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