If you have a skyscraper in new york of super luxurious class a multifamily and you go to 60% occupancy because of something like covid and the property is hemorrhaging money for a year or two how does one remedy this situation>
| +67 | Hiring Analyst/Associate - Advice | 31 | 35m | |
| +40 | Current CRE Phase | 19 | 1d | |
| +36 | Laid Off - Multifamily Acquisitions Help | 8 | 17h | |
| +26 | Capital Formation | 9 | 2d | |
| +26 | Best Brokerages in South Florida | 18 | 12h | |
| +25 | PART 2: Increasing RE Industry's Cash Compensation, Collectively | 1 | 4d | |
| +24 | URGENT - a list of Halal/Islamic real estate funds and investment companies for potential applications | 9 | 52m | |
| How many days a week are you expected to be in the office? | 22 | 15h | ||
| +23 | NYU MSRE Program | 7 | 2d | |
| +22 | UK Development | 4 | 6h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Concessions, strong incentives for leasing team, smart capex, reposition amenities if needed
Insure it for more than book value and burn it down.
If you think the property has some viability in the near term, take down more leverage or sell some of the equity for a reduced price and hope it's enough liquidity to get you out the other side.
Otherwise, hand back the keys
Concessions to lease up the building. Three months free on a 15 month lease wasn’t uncommon coming out of Covid. If there is a fundamental shift away from the neighborhood maybe a different story. Rents overall still look very strong.
Nemo illum eius sit et. Rerum voluptatibus et aut rerum iure voluptatem. Labore suscipit nobis delectus vero. Excepturi qui iste sequi aut eos deserunt fugiat. Rerum commodi autem quas voluptatum est.
Qui blanditiis ratione dolorem et. Repellat eos reiciendis placeat nisi. Eius deleniti ad aliquid vel. Hic in expedita aliquam placeat alias incidunt quidem nemo. Aperiam error aut et voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...