Sentences with phrase «ground lease»
A ground lease is a type of contract where a property owner leases only the land to another party. The lessee is usually responsible for building and maintaining any structures on the land. The lease period can be long-term, typically ranging from 50 to 99 years. At the end of the lease, ownership of any buildings on the land usually reverts back to the property owner. Full definition
You have a tenant on a 21 year ground lease with an option to renew for two consecutive additional terms of 10 years each.
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She is well versed in all types of real estate including representing both landlords and tenants in negotiating leases, net leases and ground leases for office, retail and industrial space.
In - N - Out has a 20 - year triple net ground lease on the property, with more than 19 years still remaining on the initial lease term.
About 27 percent of investors and developers require a minimum ground lease of 60 - 29 years for an investment.
Many buyers prefer ground leases because the price point is lower, since they are not paying for the construction cost of the building.
Homeowners pay $ 25 a month for a 99 - year ground lease, but pay nothing else for the land.
The Flintkote Corp. bought a McDonald's fee simple ground lease in Durham, N.C. from a group of private investors for $ 1.371 million.
Belmont has a long - term ground lease for the 1.3 - acre site located at 10475 Wilshire Blvd. Church members, retired UCLA professors and staff, and the parents of the current faculty and staff have priority to rent an apartment.
Envoy closed on a 100 % loan - to - cost ground lease acquisition and development loan for 95,000 - acre land site that will be developed into a CVS Pharmacy drug store facility in Merced, Calif..
USA Place, LLC, is entering into a long - term ground lease with a base term of 99 years.
George Washington, which didn't decrease its allocation, owns investment real estate on or near its campus in the Foggy Bottom area of Washington, and generates revenue mostly from ground leases on buildings developed by outside companies.
Envoy launches new program that provides up to 100 % financing for ground lease development transactions.
The University of California (UC) granted the Consortium a 52 - year ground lease at an annual lease of $ 1 per year.
For universities seeking to build on - campus housing, Errath says Harrison Street is one of a number of firms and investors who are starting to enter into 50 - to 75 - year ground lease agreements with universities.
She has experience with data center, retail, office, hospitality, and condominium properties, as well as construction financing, TIC structures and ground lease transactions.
Anjee Solanki, national director of retail services at real estate services company Colliers International, also raises the prospect of a landlord bundling 10 or more bank branches on retail pad sites and selling them as a portfolio, or even spinning off bank - anchored pad sites in ground lease deals.
Its membership consists of the 15 - 20 business entities which hold ground leases from the County of Ventura, encompassing all of the commercial and residential development around the waterfront, and which are therefore the principal private investors in the future prosperity of the harbor.
Panera Bread commands the highest price at $ 3.37 million, with McDonald's ground leases generating more than other fast - food brands at $ 2.5 million.
Monroe Investment Partners LLC sold a triple net ground lease for a 16,750 - sq.
The BBC sold a 150 - year ground lease interest at Broadcasting House for $ 145 million to a joint venture group comprising Morgan Stanley and Land Securities, a British real estate investment firm.
I pulled together all of the pieces for a successful ground lease deal with the national restaurant chain Chili's.
He has represented clients in acquisitions, development and financing of real estate projects, debt placement and restructuring matters, negotiating long - term management contracts and negotiating and structuring ground leases and space leases.
He also negotiated a landmark ground lease for a LNG terminal host site and pipeline on publicly - owned land.
Deal focused Commercial Property Developer and Investor, targeting Mobile Home Parks, Multifamily, Grocery Anchored Retail and Single Tenant Ground Leases.
The $ 97.6 million development, which consists of 361,200 sq. ft. of mixed - use student housing and retail space, was structured via American Campus's American Campus Equity (ACE) program under which the company will develop, own and manage the project through a 70 - year ground lease making annual rent payments to Drexel.
McDonald's ground leases continually represent the lowest cap rates for all QSR properties (3.95 percent) due to their superior credit rating (S&P: A), long - term leases, low price points, reoccurring rental escalations and strong brand recognition.
In the largest deal, the firm negotiated the sale of a Stop & Shop ground lease in Cranston, N.J. for $ 13.5 million.
During Taylor's tenure with the Port, he also managed the sales and marketing of the Waterfront Place Central development, in addition to analysis for parking, building lease rates, ground lease rates, land sale values and construction cost estimating for the 1.5 million square foot development on 65 acres on the Everett waterfront.
In - place ground leases with McDonald's & Taco Bell.
Incidentally, Goodman also secured a 16 - acre ground lease with Costco at Goodman Commerce Center Eastvale, where the wholesale retailer will build a 152,000 - sf warehouse with station slated to open later this year.
subordinated ground lease: A lease in which rights of the lessor of the ground are junior to the rights of the holder of the first mortgage.
To learn more about Envoy's various financing programs — including ground lease, construction, bridge loan and JV equity programs — just click.
Envoy is pleased to announce a 100 % LTC ground lease acquisition and development loan for international fast food restaurant chain Wendy's.
Envoy closed on a 100 % loan - to - cost corporate ground lease loan for a 2,565 - square - foot freestanding Wendy's in Streetsboro, Ohio.
One of the key subsidies for the Bonifant at Silver Spring is a deeply discounted ground lease from the county — $ 25,000 a year for 77 years for a total of $ 1.925 million.
NEW YORK — SL Green Realty Corp. and Stonehenge Partners have formed a joint venture to enter into a 99 - year ground lease covering a residential building at 1080 Amsterdam Avenue.
Marcus & Millichap Real Estate Investment Services negotiated the sale of a 129,346 - square - foot Sam's Club ground lease in Citrus Heights, Calif., from Trestle Regency LLC to First Acorn LLC for $ 15.6 million.
RXR took control of 75 Rock in 2013 when it signed a 99 - year ground lease on the property from British billionaire Mohamed Al Fayed, who retains ownership of the fee interest.
About one - third of Crown Castle's site rental gross margin is generated from towers on land the company owns, and its current portfolio of ground leases have an average remaining term of about 31 years.
For instance, an apartment building investment is considered «like - kind» with a piece of farmland used in a farming business or even an investment in a long - term ground lease for an office building (as long as there are at least 30 years left on the lease).
Envoy provides up to 100 % financing on ground lease development transactions, up to $ 5MM per property.
Chase Bank signed a 20 - year triple net ground lease for the property, which will house a 4,713 - sq.
- ft. Kohl's ground lease in Port Orange, Fla. from Cole Ko Port Orange FL LLC for $ 12 million.
A 1986 agreement involving the state, City Hall and the city controller guaranteed that the hefty surplus generated from ground leases and payments in lieu of taxes would go toward affordable housing and other capital needs in the city.
Duke Realty has a long - term ground lease for the site, which is owned by Marquette General.
For the purposes of a 1031 Exchange, real property held for business or investment may include property held in fee, ground leases with remaining terms of thirty years or more and undivided interests in real property held as tenants in common.
They expect to take in $ 3.3 million yearly in rent and other payments, adding up to an expected $ 119.7 million net revenue by the end of the 97 - year ground leases on the hotel and residential sites.