Commentary

Ground Leases and Leasehold Interests in CMBS: When the Value of the Parts Doesn't Equal the Whole

CMBS

Summary

Ground lease arrangements have existed for centuries in real estate. The typical ground lease results in two distinct legal estates: the ground lessor’s fee interest in the underlying land and the ground lessee’s leasehold interest in the improvements.

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Ground Leases and Leasehold Interests in CMBS: When the Value of the Parts Doesn't Equal the Whole

Summary

Available Documents

Ground Leases and Leasehold Interests in CMBS: When the Value of the Parts Doesn't Equal the Whole

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