Commercial Real Estate Expert in Ground Leases

Case Description:

A commercial real estate expert in ground leases was needed for a breach of contract case. The parties entered into a ground lease under which the plaintiff, a real estate developer, created a mixed use development combining residential and commercial uses. The dispute arose over the language in the lease agreement used to calculate lease payments. The plaintiff alleged lease payments had been delinquent since the lease’s inception.

IMS ExpertServices was asked to find commercial real estate experts with at least 15 years of experience in ground lease projects. The client required a commercial real estate developer or broker with knowledge of the industry standard methodologies of lease calculation used in ground lease agreements. The expert was needed to review the ground lease in dispute between the parties and opine as to whether it was consistent with commercial real estate industry standards.

Experts Presented:

  • Commercial Real Estate Expert

    This commercial real estate expert is a real estate appraiser, real estate counselor and specialist in the purchase and sale of income producing property. His experience extends over a period of more than 30 years and includes analysis of over $26 billion dollars in property. He’s been very active in the commercial real estate area in this particular region and has twice appraised the property in question in this case, as well as other properties covered by ground leases. An active litigation consultant, this expert has offered testimony in arbitration, deposition, and at trial. IMS Reference #5034114

  • Commercial Real Estate Development Expert

    This expert in commercial real estate has almost four decades of experience in the real estate business with over 25 years devoted to commercial real estate development. Currently he provides brokerage/advisory and expert trial witness services to public agencies, investment portfolio groups, and corporations. In addition to his industry experience he’s taught courses on ground leases and other commercial lease documents at university and for professional organizations. He’s served as a mediator, arbitrator, and trial witness on real estate related matters. IMS Reference #5002328

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Industry: All, Real Estate