Tuesday, March 10, 2020

What To Do If A Retail Tenant Is Struggling

Globe St.
If you see signs that one of your retail tenants is in trouble, the first step is to find out what’s happening. “You have to build a relationship with the tenant, both at the corporate level and at the store level,” says Noah Shaffer, senior director of asset management for Confidant Asset Management.

In the process, it’s important to review the lease and understand if you can recover damages. After that, you need to take a good hard look at the market.. . . more