Salem Media Group sells its principal office in Camarillo, California to Eclipse RE Holdings, LLC for $5.5 million. (The deal closed on May 1.) The company will leaseback the building for five years.
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 Santa
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.