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9 Pages
  • 9 Pages

Ground Lease Fundamentals - What Distinguishes a Ground Lease and Why


Developers and property owners choose this structure for a variety of reasons.

Ground leases, whereby a commercial developer leases a parcel of land and constructs its improvements on the leased property, have long been used as a vehicle for the development of commercial real estate. Long-term ground leases of publicly owned property have also become a primary tool of governmental and quasi-governmental entities to generate operating income while preserving ownership of valuable assets.



Craig A. Kepler

Craig A. Kepler

Ballard Spahr LLP

  • Of Counsel with the law firm of Ballard Spahr LLP
  • Practice emphasizes all aspects of commercial real estate, with significant experience in ground leasing, including multiple big box ground lease projects (Lowe’s, Kohl’s, Costco, Wal-Mart, etc.), as well as multiple single-user triple net projects (Carl’s Jr., El Pollo Loco, CVS Pharmacy, etc.)
  • Conducts regular seminars and workshops on numerous aspects of real estate law
  • Wrote numerous articles concerning real estate transactions
  • Admitted to practice in California and Minnesota
  • Member of the Real Estate Section of The State Bar of California, and member of the Minnesota State Bar Association’s Legislative Committee, Real Estate Section
  • J.D. degree, Wayne State University Law School; B.A. degree, University of Michigan
  • Can be contacted at 612-371-3544 or [email protected]

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