Expert Solutions for Cinema Landlords bridging from the Crisis to the New Normal
The Cinema Bridge Team
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We have the EXPERIENCE
Landlord Focused Services
We have the SOLUTIONS
ADVISE & CONSULT
We provide Expert Guidance during rent re-negotiation & settlement
Box office gross projections
Trade area evaluation cinema proformas
Cinema viability analysis
FF&E cost benefit analysis
OPERATE RETURNED CINEMAS
We can Operate Cinemas
Manage cinemas for the benefit of landlords during this period of disruption
Avoid co-tenancy claims
LONG TERM SUCCESSOR TENANTS
We know the Cinema Tenants
Identify quality replacement cinema tenants
Secure long term fixed rent leases
Case Study
Landlord A's Problem
Cinema Tenant Filed for Bankruptcy
Filed Ch 11 in April 2020
Closed Cinema Location since mid-March
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Cinema Tenant Ceased payments
No rent or real estate expenses paid since March 2020
Cinema Tenant Asked For a 55% Rent Reduction
Claiming cinema re-opening attendance reduced significantly
We know how to Bridge the Crisis to the New Normal
Assisted Landlord with negotiation
Provided Analysis including Post-Covid location and industry view
Improved Key Deal terms
Improved Rent Outcome
Improved rent outcome by 350bps (~$3M during 10-year term) vs Tenant's original offer
Operate returned cinema
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Offered to operate cinema on an interim basis if returned.
May secure long term replacement Tenant who pays fixed Rent
