Industry News

Salem Does Sale Leaseback on Camarillo Offices

In a January 25, 2024 filing with the Securities and Exchange Commission, Salem Media Group reveals that it is entering into a sale/leaseback deal on its former corporate headquarters on Santaim Rosa Road in Camarillo, California. Although the company officially moved its headquarters to Irving, Texas, the Camarillo offices are still the base of some of its corporate operations. In notifying and seeking approval from lender Siena Lending Group LLC, Salem notes that the Camarillo officers are being sold to Greg Robinson for $6.2 million and that cash will be applied to the company’s debt. It will then lease the property for $500,000 per year.