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Nic DeAngelo
  • Investor
  • Newport Beach, CA
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86
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NATIONAL CREDIT TENANTS - Taking the portfolio to a new level

Nic DeAngelo
  • Investor
  • Newport Beach, CA
Posted Aug 25 2015, 14:24

BP Nation! Long time no talk. I've been listening to the podcasts regularly and checking out the forums from time to time. I'm stoked on the amount of growth and ever increasing quality of posts and topics I'm seeing.

Short questions: What is the best method, or your personal recommendation, for transitioning Mom and Pop power retail shopping centers into properties with multiple National Credit chains as tenants?

Long Question and Details: I was hired on as a leasing and operations manager for a Souther California private investor portfolio with 20 +/- properties at any time. We took leasing from 80%+/- to 99%+, so the occupancy is very strong and we've proven a track record for leasing and managing quick turnaround on filling spaces. All retail centers are  B-/C level properties, VERY high traffic intersections, and low income areas. 

I've had some minor success bringing Nationals in in the past, but not enough to where I feel confident with this tenant type.

Any help or advice is greatly appreciated!! :)

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