Kawa Completes Ground Lease Acquisition of Florida Property
Retrieved on:
Thursday, February 4, 2021
Kawa, an investment manager with $1.6 billion in assets under management, has acquired the ground lease of a seven-story, 434-room hotel on over 16 acres outside of Orlando.
Key Points:
- Kawa, an investment manager with $1.6 billion in assets under management, has acquired the ground lease of a seven-story, 434-room hotel on over 16 acres outside of Orlando.
- Kawa closed the ground lease transaction with an affiliate of AD1 Global.
- In a ground lease transaction, the land is purchased in a sale-leaseback transaction to the owner/operator, said Jose Sasson-Lerner, Principal at Axiom Capital Advisors.
- Kawa is also active in structuring, purchasing and financing ground leases across the U.S. in various subsectors including hospitality, office, retail, malls and solar.