Property owners in trouble have some options outside of distressed sales. One option could be selling your asset to investors but staying on the land in a ground-lease structure.
Right now, hospitality and retail look like the sectors most amenable to these structures.
"We've seen a mix of asset classes [interested in its 99-year ground leases]," says Dan Amer, Director at Miami-based Kawa Capital Management, which completed 20 ground lease transactions totaling nearly $1 billion to date. "Some of the highest increase in request volume for us this year is in hospitality and retail because those have just been the hardest hit sectors."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
