Ground Lease REITStronger Returns, Thoughtful Capital Structure
Creative Financing,
Enhanced Returns
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
3.5-6.5x
Representing 15-30% of
pre-ground rent NOI
GROUND RENT COVERAGE RATIO
NNN
Absolute NNN with annual rent escalators and periodic CPI adjustments
GROUND LEASE STRUCTURE
Top 50
MSAs
TARGET MARKETS
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.