D.A. Davidson & Co. has served as exclusive financial advisor to Quarter Group, LLC, a real estate investment company, in its definitive agreement with Pacific Western Bank to acquire and leaseback bank-owned properties in California.
Under the agreement, Quarter Group will acquire the four properties for approximately $12 million and enter into the lease agreement – an arrangement that allows the bank to put much of its capital to use for purposes other than real estate.
Full details can be found here.