Max Nipon is a principal with Montgomery Street Partners, as well as the president of their ground lease vehicle called Ground Lease REIT. Our conversation covers the following topics:
- Overview of Montgomery Street Partners and Ground Lease REIT
- How ground leases are used as a financing tool
- How their ground leases are sized, priced, and structured
- Common scenarios where sponsors are using ground leases today
- Scenarios that do not work well for their program
- Which senior lenders are comfortable with ground leases
- How the ground lease industry will evolve going forward
Max can be reached at nipon@mspcm.com.
Recap with Brandon Roth