Common Offsite Problems Arising From Triple-Net Leases

Law360 (August 28, 2018, 2:06 PM EDT) -- Retail real estate assets include much more than shopping centers and outlet malls. Existing triple-net ground leases are becoming attractive to landlords, investors and developers. In particular, there has been an increase in the past few years in the sale and purchase of triple-net ground leases of peripheral properties surrounding retail centers (i.e. outparcels). These types of ground leases are the primary focus of this article, although some of the issues discussed below can arise wherever a ground leased parcel is part of a larger commercial development. For purposes of this article, landlords are the sellers, and investors or developers are...

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