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.
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.
Provides more time to elect out of 163(j) interest deduction limitation for taxpayers with certain real property or farming businesses.
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.