Wednesday, February 10, 2010

Retail Tenants Appeal for Rent Relief

Re-negotiations...the wave of the present...
Requests for rent concessions soared in late 2008 and during the first four months of 2009, says Casey. Currently, about 5% of the company's tenants, 100 out of 2,000, receive some form of rent relief. The number of requests for help is higher than the amount granted, however. An estimated 10% to 15% of the REIT's tenants seek relief, the executive says. [...more...]