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