Commercial Leases: Structuring Tenant Build-Out, Improvement, Maintenance, and Repair Provisions

Generally speaking, owners and operators in the active adult/55+ space are able to convert resident leads at a lower cost per acquisition than the rest of the seniors housing continuum—Independent Living, Assisted Living, Memory Care and Life Plan or CCRC communities.

Using advanced geospatial analytics is allowing Retail and Real Estate firms to quantify the true economic value of each of their stores, uncovering surprising insights across their channels. With more than 7,000 Retail stores going dark in the US alone and consumers migrating rapidly to ecommerce, it’s becoming harder to justify keeping brick-and-mortar stores open.

Lease defaults are at a record high and vacancies are mounting, providing significant leverage to tenants in lease negotiations. Tenants seeking to benefit from current market conditions are pressing for restructured lease terms, including reduced rent and other midterm concessions. Moreover, tenants concerned about their landlords financial stability are insisting upon subordination, non-disturbance and attornment agreements to protect themselves. At the same time, tenants with failing businesses are pursuing lease workouts to avoid eviction.

Automating commercial real estate ‘back end’ tasks is a major objective for running the enterprise efficiently and freeing up important resources for strategic planning and catalyzed innovation. This series kicks off with a deep dive into the digital infrastructure of most commercial real estate companies. It continues with reviewing opportunities for investment management automation and introduces proven use cases of process automation in commercial and corporate projects. Thought leaders from some of the most automated real estate organizations in our market share insights on their integration initiatives and talk about the challenges and benefits of their own process automation projects. When evaluating ‘back end’ automation opportunities there are many options for increased efficiency and enhanced business insight through data integration, normalization and interaction. This session addresses the best opportunities for automating ‘back end’ processes such as leasing, AP/AR, budgeting and forecasting, document management and others.