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Real Estate

Apr. 16, 2024

The new guide to ground lease drafting and negotiation

Real estate development on ground-leased property has been growing, with municipalities, private parties, and institutional entities using it as a tool for development. Joshua Stein has compiled a comprehensive three-volume treatise to guide lawyers and real estate professionals through the process of drafting and negotiating ground lease transactions.

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Real estate development on ground-leased property has been growing at an explosive rate. Municipalities with excess land, or even land to be contemplated to be developed, utilize ground leases as a means to control and profit from development. Private parties who do not want to sell land in order to keep property "in the family" for long-term investment have found ground leasing to be an effective tool. And, more recently, several institutional entities have offered ...

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