Amerant lines up sale-leaseback of corporate HQ

Amerant Bancorp in Coral Gables, Fla., is set to bring in $135 million from selling its headquarters property. 

The $7.5 billion-asset company disclosed in a regulatory filing Wednesday that it will sell the building, along with surrounding real estate, in a deal that is expected to close by Dec. 15.

Amerant plans to lease the property from the buyer for 18 years at “a market rent and with customary terms and conditions,” the filing said. Amerant will also have the right to sublet space on the property.