More institutions are growing comfortable with the ground lease business.
Recently, Montgomery Street Partners announced the launch of a $1 billion ground lease REIT. This came after Ares Management and Regis Group teamed up to sponsor ground lease Haven Capital, which has an initial capacity in excess of $1 billion.
As institutions develop more interest in offering ground-lease vehicles, corporations seem more amenable to selling their dirt underneath their assets.
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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.
