CASE STUDY: LANDLORD REPRESENTATION
We improved, repositioned, and leased a portfolio to stabilize cash flow
After a ground lease default that caused some properties to sit vacant for years, we increased occupancy to 98% and increased net rents by an average of 10% for 13 properties on behalf of the Weinberg Foundation.
RESULTS
- Reviewed ground lease compliance and supported reversion of a portfolio of Kauai industrial mixed-use properties spanning 182,950 square feet
- Assessed marketability of properties that, due to a struggling ground lease tenant, suffered from deferred maintenance, high vacancy and below-market, short-term leases
- Identified key capital improvements to retain tenants and increase rents to market rate
- Determined property positioning and ideal tenant mix to align with long-term investment strategy
- Transitioned existing tenants to foundation leases
- Developed and executed a marketing strategy to fill vacancies
- Completed work despite the local government shutdown during the Covid pandemic
Landlord representation services
- Lease negotiation
- Building exposure review
- Consult on TIs and upgrades
- Property marketing
- Differentiate building value
- Market data and insights
Industries we work with
- Warehousing
- Logistics & distribution
- Manufacturing
- Food processing
- Construction & supply
CASE STUDY: LANDLORD REPRESENTATION
Improving the tenant mix in a ground lease reversion
We transitioned a portfolio of industrial mixed-use properties on behalf of Kamehameha Schools’ Kapalama portfolio.
RESULTS
- Reviewed ground lease compliance
- Transitioned existing tenants to foundations leases
- Assessed property condition and positioning
- Developed and executed a marketing strategy to fill vacancies
- Aligned tenant mix to achieve short- and long-term property goals
CASE STUDY: LANDLORD REPRESENTATION
We provided new leasing, lease renewals and ground lease reversions — and also repositioned key assets
RESULTS
- Assessed industrial and agricultural land holdings to align with owner’s long-term strategy
- Renewed existing tenants’ leases and negotiated and executed new leases
- Activated land for higher-value uses, bringing in agricultural and ranching operators
- Provided advisory services to reposition some assets from industrial to retail, to maximize the value of the portfolio
Alika Cosner
Michael Gomes
Patrick McGranahan
Farah Cabrera
Katherine L. Cummins
Melissa Bakke