Activity will likely see a further pullback, though capital investment flowing through existing projects and the IIJA portends continued growth

The modern form of ground lease is initiated by existing property owners looking to develop or redevelop a property.

The firm has purchased a fully-leased, 210-unit, age-restricted property near Atlanta, GA, representing its fourth investment within the state this year.

Owners are offering a variety of concessions and perks to maintain rents.