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Net Leases and Sale-Leasebacks: A Guide to Legal, Tax and Accounting Strategies (2021 Edition)

Author(s): Ken Miller
Practice Area: Commercial real estate, Real estate, Real estate taxes, Real property, Tax
Date: May 2021 i Other versions can be found in the Related Items tab.
ISBN: 9781402438479
PLI Item #: 319352
Net Leases and Sale-Leasebacks: A Guide to Legal, Tax and Accounting Strategies, authored by specialist Ken Miller (Gorman &Miller), covers every aspect of the ownership, financing, documentation, taxation and accounting for net leases and sale-leasebacks with a focus on those areas where the treatment of net leases and sale-leasebacks differs from the treatment of other forms of real estate investment. 

The book includes in-depth guidance on sophisticated and complex structuring issues, particularly with respect to the latest tax and financial accounting rules, and provides readers with several appendices to assist with the nuts and bolts of net leasing practice, including a sample Net Lease and a sample Ground Lease.

Ken Miller specializes in the area of commercial real estate transactions. Since 1999, he has represented clients in the successful closing of over $7 billion of commercial real estate transactions throughout the United States, primarily involving net leased properties. His recent transactions include over $1 billion in sale-leasebacks with public companies, such as Walgreens, Citibank, BMO Harris Bank, Rite Aid, and Pep Boys; the roughly $100 million acquisition of the Alcon Laboratories contact lens manufacturing facility subject to the Alcon lease; the acquisition of  limited liability companies owning a $200 million investment banking headquarters building; residual value financings; credit tenant lease financings; and the acquisition of remainder interests in over two million square feet of commercial property. Most recently, he represented the buyer of the 664,000 square foot net leased Dow Texas Innovation Center in Lake Jackson, Texas.

Mr. Miller obtained his Bachelor of Arts from Hamilton College (summa cum laude) in 1978 and his JD from Stanford Law School in 1981. He has been admitted to practice in California since 1981 and practices in Santa Monica, California.