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In 2005 the building was sold by TIAA-CREF to Triple Net Properties, a real estate company based in Santa Ana, California, for $95 million. [2] It had an assessed value of $89.2 million in 2005. [ 3 ] [ 4 ]
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
The city of Milwaukee is instating a program that will sell 100 foreclosed homes in the Sherman Park, Wisconsin area for $1 each and give each new homeowner a $10,000 grant to help develop the ...
Another variation of the NNN lease is the NN lease, or "Net-Net" lease, which is pronounced "double net" where the "net" amounts generally are property tax and insurance. [1] Double net leases, like triple net leases, are usually, though not always, single-tenant arrangements. However, the landlord carries some extra financial maintenance ...
David Greene is a real estate investor and host of BiggerPockets' "The Real Estate Podcast". He has bought, renovated and managed more than 50 single-family rental properties. He owns multifamily...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).