A distressed retail property requires immediate, skilled and focused attention. Often, the first and primary goal is to bring stability to such an asset.
The process of achieving occupancy and income stabilization can be critical to the ongoing viability of a retail-based asset – and the process of achieving stability can be a difficult one.
Fortunately, we bring skill, expertise and a proven track record to each project we undertake.
Through careful analysis of existing tenancy, tenant health ratios, occupancy cost and retail sales performance, a prioritized list of action items is established with a goal of stabilizing an asset. Critical steps necessary to successfully stabilize a retail asset include:
- Lease Expiration Analysis – identifying time-sensitive roll-over
- Occupancy cost Analysis and Health Ratio Analysis – identifying “at-risk” tenancy
- Operating Cost efficiency Analysis – identify immediate opportunity to improve cash flow
- Renewal Leasing Execution – secure extension of leases at or near expiration
- Rent Restructuring – negotiation of lease restructuring to minimize loss of tenancy
- Existing Tenant Public Relations – effectively communicate positive changes to community of tenants
- Stakeholder Public Relations – Communicate with project stakeholders to enhance relations and build support
