Client Overview: Real Estate Syndication Firm
This real estate firm operated a 69 acre, 1 million sq. ft. shopping mall in Texas that had been showing an operating loss of $2 per year for 3 years. The main reason was high operating expenses in comparison to low tenant occupancy and rental revenue resulting from competition from new malls in the area.
By changing the mall’s tenant concept and composition the tenancy reached to almost 98% and the negative operating loss turned into a positive net income of $750,000 within two years.