The ownership in the operating business does not change; the original owner sells the property and at the same time, signs a lease agreement with the new property owner. The proceeds of the property sale are then available for the business owner to use in their core business.
This approach allows you to monetize the value of your property and redeploy it where needed, while maintaining ownership of the operating business.
Like all major financial and legal transactions, these strategies should be reviewed with tax and legal experts, as well as real estate advisors, to ensure your best interests are being served.
President, Brokerage Services Canada
Scott Addison is the President of Brokerage Services at Colliers Canada, Canada’s leading commercial real estate services firm. Scott has been working in commercial real estate for more than 30 years and is passionate about industry leadership and maximizing potential for Colliers people and its clients. Since joining Colliers Management Team, Scott has gone on to create a distinct culture of leadership, collaboration and superior client service.
Appointed to the position of President of Brokerage Services in October 2015, Scott has been instrumental in driving both organic and strategic growth of the brokerage business in Canada. Scott oversees 28 offices across the country, motivating teams to accelerate success and be leaders in Canada's real estate services industry. Committed to providing value-enhancing strategies and solutions, Scott champions Colliers’ robust CRM platform and data solutions to deliver timely market intelligence to clients.
Managing Director, British Columbia
Scott joined Colliers International’s Vancouver office in November 2009, working directly with the Head of Property Tax in British Columbia to reestablish the group. In 2013, Scott was promoted to the role of Senior Associate and focuses on preliminary negotiations with agents of the British Columbia Assessment Authority, as well as playing an advocacy role in front of the Property Assessment Review Panel and Property Assessment Appeal Board.