A type of off-balance-sheet financing called synthetic leases became popular in recent years as a way for cor- porations to structure leases on real estate. Many tech companies financed the construction or purchase of their corporate headquarters with these types of leases.

Use a search engine to find either a company that has used this method or a site that discusses how these leases work. What were the major advantages and disadvantages of this lease structure? Are they still being used?