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Case Study

Landlord A's Problem

 

Cinema Tenant Filed for Bankruptcy

Filed Ch 11 in April 2020

Closed Cinema Location since mid-March

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

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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

Offered to operate cinema on an interim basis if returned. 
May secure long term replacement Tenant who pays fixed Rent