Ground Lease REITStronger Returns, Thoughtful Capital Structure

Low Cost
Accretive Capital,
Simple Structure / Simple Execution

Ground lease capital is an accretive solution for
acquisitions, recapitalizations, and development

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Ground Lease Advantage

Maximize Returns

The GLR Ground Lease increases Sponsor’s overall IRR/cash-on-cash returns

Cost – Efficient Financing

Higher all-in “leverage” at a lower blended cost of capital than a senior + mezzanine loan combination

Reduce Risk

Limit interest rate and refinancing risk while also providing lenders with better DSCR’s and debt yields

Lender Approved

Banks, debt funds, CMBS, life companies & agencies are comfortable with the GLR Ground Lease

Seamless Execution

GLR will leverage existing lender relationships to offer Sponsor a full capital stack solution

GLR Investment Criteria

$10-150M

(Gross value of ground lease)

TRANSACTION SIZE

25-40%

GROUND LEASE TO PROPERTY VALUE

99 Years

GROUND LEASE DURATION

Top 50
MSAs

TARGET MARKETS

4.0-7.0x

Representing 14-20% of
pre-ground rent NOI

GROUND RENT COVERAGE RATIO

NNN

Absolute NNN with annual rent escalators and periodic CPI adjustments

GROUND LEASE STRUCTURE

Multifamily, Student Housing, Senior Housing, Mixed-use, Office Industrial, Retail, Hospitality

PROPERTY TYPES

Meet the Team

GLR’s management team is comprised of professionals with deep industry experience spanning several decades, including the successful leadership of large predecessor organizations. The team has a combined 100+ years of real estate investment and transaction experience.

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In the News

07.31.2022

Montgomery Street Partners Utilizes 99-Year Ground Lease Structure to Acquire, Facilitate Planned Residential Conversion of the Hudson Hotel in Columbus Circle, Manhattan

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05.16.2022

Montgomery Street Partners Raises $500 Million in Private Follow-On Offering for The Ground Lease REIT, Inc.

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01.06.2022

Ground Lease REIT Launches $400 Million Equity Follow-On Offering to Perpetuate Growth

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02.02.2021

MSP Launches Ground Lease REIT, a $1 Billion Vehicle to Invest in Ground Leases Nationally

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