New York & Tri-State | November 18, 2020

Regis, Ares Forge JV to Take Ground Lease Positions

Regis Group and funds managed by Ares Management Corporation have formed Haven Capital, an originator of customized ground lease positions in high-quality assets across the U.S. Formed as a joint venture between Regis and the Ares funds, Haven Capital aims to capitalize ground lease opportunities in most real estate sectors, with an initial capacity exceeding $1 billion.

For real estate owners and developers, Haven Capital’s 99-year ground lease structure has the potential to increase asset values by separating land and buildings while reducing equity requirements, the JV said. Joe Shanley, a VP with SL Green Realty Corp., will lead the new platform.

“The formation of Haven Capital marks the entry of well-established institutional investors into what we believe is a largely untapped sector for commercial property investment,” said Shanley. “Ground leases are an underutilized tool that provides an alternative source of capital for both existing assets and ground-up developments.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Regis GroupConnect With Ares Real Estate

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints