Simultaneous closing (SIMO) is a real estate financing strategy in which two transactions occur together when closing a single property. A SIMO is buying a property "on paper" to sell it the same day.

[1] Puget Sound Energy, Inc., 138 FERC ¶ 61,121 (2012). [2] Puget Sound Energy, Inc., Order on Rehearing, 153 FERC ¶ 61,131 (2015). [3] “Involvement of the transmission provider’s system ...

SM Energy Cores Up in the Midland Basin with Simultaneous Transactions - $1.6B Howard/Martin County Acquisition - $0.8B Williston Basin Divestiture.