Unlock the value of underutilized land
with a ground lease
Whether it’s a vacant piece of land or student housing complex, an underutilized or excess real estate asset can be a burden—or an opportunity to unlock a new revenue stream
Following the COVID-19 pandemic, your college or university is likely seeking opportunities to boost the bottom line and reduce expenses. One potential source of new revenue may be hidden in plain sight: your real estate and facilities. Whether it’s a vacant piece of land or student housing complex, an underutilized or excess real estate asset can be a burden—or an opportunity to unlock a new revenue stream.
In the 2021 Higher Education Public- Private Partnerships Report, published by P3 Bulletin, JLL experts Lindsay Stowell and Matt Do discuss how no two ground lease agreements are alike. Every lease requires detailed financial analyses; a thoughtful strategy to attract developers and investors; and creativity to support the best interests of all parties. Given the complexity, it’s critical to ask the right questions upfront. Download the full report to learn about the following six key aspects to consider.
- Is a ground lease the right strategy for your institution?
- What purpose do you envision for the property?
- How much control do you want to have over the development?
- How will your structure payment teams to meet your needs?
- How much administration, audit and oversight over the life of a ground lease is your organization comfortable with?
- How can you ensure that the tenant properly operated and maintains the property?
