Not for Profit - Warehouse Tenant
Partnership Owner and Manager of a multi-million dollar commercial warehouse with a tenant transitioning to not for profit status. The tenant is an artist's collaborative studio, incredible contributors to the City and arts community, but consistently late with the rent and in arrears. The building is 98% leased stable and profitable. Looking for creative ways to keep the tenant. I am wondering if donating rent is a viable idea to float with the partnership. Thoughts?