Case Studies
Selected anonymized financial reviews
Abbreviated summaries of real engagements conducted prior to signing or funding. Details are limited to protect confidentiality.
Engagements have included mid-seven to low-eight figure commitments.
Retail Center — Hold vs. Sell Review
Context
~300,000 SF retail center valued in the low-eight-figure range.
Partial ground lease exposure (~10 years remaining on a portion).
Anchor downsizing trends and recent tenant loss.
Re-tenanting plan under consideration.
Decision
Whether to sell or hold through lease rollover and repositioning for future cash flow.
Primary Risk Factors
Ground lease term mismatch; tenant concentration and rollover exposure;
capital markets sensitivity; limited embedded upside relative to risk.
Verdict
Sell.
Grocery-Anchored Retail Center — Post-COVID Acquisition Review
Context
Grocery-anchored retail center in a tertiary market.
Competing center nearby with elevated vacancy.
Anchor included a national sporting goods tenant with uncertain long-term trajectory.
Transaction occurred during post-COVID retail recovery.
Decision
Whether to acquire given rollover risk, competitive lease pressure,
and tertiary market contraction.
Primary Risk Factors
Lease rollover competition; tenant concentration risk; market shrinkage exposure;
reliance on future lease execution to preserve value.
Risk Mitigation Opportunity
Unsubdivided pharmacy outparcel capable of separate disposition
at a favorable cap rate, reducing basis and downside exposure.
Condition for Proceeding
Blend-and-extend of key leases committed in writing prior to closing,
supported by broker valuation.
Verdict
Proceed only if lease extensions and outparcel strategy were secured before closing.
Subsequent Review
After 2–3 years of stabilized cash flow during peak grocery-anchored demand
and low-rate environment, exit timing recommended while lease term and buyer demand remained strong.
Exit Decision
Sell.