Don't overthink and overpay for tenant improvements
Landlords eyeing a renovation of their building need a clear understanding of their future tenant to avoid overthinking—and overpaying for—tenant improvements (TIs).
Experts from Taconic Investment Partners, TIAA and RSM discuss why landlords, investors and managers need to know their prospective tenant when planning a repositioning of a property — and why it’s critical not to “overthink” the process.
The experts talk about how changing user and tenant preferences are driving repositioning projects today and also why repositioning or value-adding projects shouldn’t just be about new tenants. Landlords should consider transforming existing assets to retain existing tenants, which are often looking for improved amenities to attract and retain workforce talent in their own businesses.
What happens to the perception of hotel valuation and how does meaningful deal flow? RSM’s article for Hotel Executive explores the answer.
Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.
RSM discusses the increasing demand for regulatory compliance by investors in real estate funds in a new report from PERE.
Specially designated districts designed to fuel economic growth where development has been stagnant offer investors tax-saving options.