Wisconsin-based Kohl’s is a department store retail chain with roughly 1,150 stores. According to CoStar, as of January, the Kohl’s Corporation owned 410 locations, leased 517 locations and operated 238 stores at ground leased sites.

Kohl’s is considering monetizing its real estate portfolio by engaging in sale-leasebacks. In June, Kohl’s entered into a three-week exclusive negotiating period with Franchise Group (the owner of a number of brands including Sylvan Learning, The Vitamin Shoppe and Pet Supplies Plus). Finance Group was looking to finance the acquisition (at a price of $60 per share) by selling Kohl’s real estate assets and contributing $1 billion in capital to the transaction, according to CoStar.

Although the exclusive negotiation period with Franchise Group ended without a sale, The Real Deal reports that Kohl’s continues to evaluate the possibility of monetizing some or all of its $8 billion real estate portfolio.

Last Updated on July 2, 2022 by Ramin Seddiq