Ground Leases Gaining FavorMay 20, 2019 – Media Mention
A growing number of Los Angeles businesses are putting down roots on someone else’s land.
Kenneth Fields, a partner at Greenberg Glusker told Los Angeles Business Journal that are financial incentives for both parties.
“From an owner’s perspective, they get to retain ownership of the property and avoid that income on the sale of the asset that would occur if they were to sell rather than ground lease the property, says Fields. “ From the ground tenant perspective, there’s a lower amount of capital requirement because they don’t have to buy the land.”