Given the current global financial crisis, what adjustments have you made (or are you considering) in regards to your company's corporate real estate strategies?
Here is my answer.“There are three areas we are focusing our attention in this challenging and changing commercial real estate environment. (1) Be Proactive - It is extremely important for buyers (who have ability to purchase) and sellers (who have motivation) to see that we are willing to be more proactive than our competition to find the right solution to meet their needs. (2) Be Creative - Especially in financing this is the time to explore creative sources of funding and creative alternatives through second mortgages, seller financing, short term lease purchases, etc. (3) Stay Positive - At least in the Midwest there are a TON of deals still being done. Users still need space and people dissatisfied with the stock market are income producing real estate (such as multi-family housing) an excellent safe harbor for cash.”
No comments:
Post a Comment