ground lease


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ground lease

A legal contract for the lease of land; contains an agreement that the lessee is obligated to pay rent each year for the use of the land for the duration of the contract; the lessee usually builds on the land but the buildings so constructed must be turned over to the land’s owner at the termination of the contract.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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iStar-backed Safehold Inc., is in contract to buy the land under 425 Park Avenue as part of a flurry of deals in its aggressive push into the ground lease sector.
BANKING AND CREDIT NEWS-July 19, 2019-Mohr Capital acquires Hyatt Regency Hotel ground lease
M2 EQUITYBITES-July 19, 2019-Mohr Capital acquires Hyatt Regency Hotel ground lease
Global Banking News-July 19, 2019-Mohr Capital acquires Hyatt Regency Hotel ground lease
Aeroterm holds a ground lease at MIA and leases the facility to FedEx Express.
The bonds are secured by a pledge of gross revenues, an assignment of the obligor's interest in a ground lease on land on which the community is located, and debt service reserve funds.
A single-tenant Walmart ground lease at Teterboro Landing has sold for $37,481,551.A single-tenant Walmart ground lease at Teterboro Landing has sold for $37,481,551.
Real estate appraisers are often involved in the valuation of real property interests subject to a ground lease. However, appraisers are less frequently involved in the structuring or negotiation of the ground lease, and therefore they may be less familiar with some of the provisions in modern ground leases that impact the valuation of the leased fee interest.
But working with ground leases presents special challenges, and Hubbard says that about half of the ground lease appraisals he's seen have needed revisions.
A Cardiff council spokesman said: "Mrs Cardinale took out a ground lease with Cardiff Council for eight years in 1997 for a small catering facility at Victoria Park.
Landmark Dividend LLC is one of the nation's leading ground lease acquisition companies, providing value, capital and liquidity to qualified property owners of ground leases for cellular towers, billboards, fiber and alternative energy infrastructure.