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.
Real estate funds considering setting up a real estate investment trust should also consider the impact of a REIT on taxable investors.
As real estate private equity faces headwinds in major markets, mid-market shops look elsewhere, including the Midwest.
For middle market real estate private equity firms, there are still opportunities to be found, if they know where to look for them.
The field of environmental, social and corporate governance is aiming to help companies use capital more responsibly.