What is the BIG Why?
In 2 words “Competitive Advantage”.
What does asset repositioning mean?
Asset repositioning is an approach that positively addresses economic, environmental, and social equity issues and implementing the necessary changes to remain competitive.
What is reposition in commercial real estate?
Real Estate Asset Repositioning consists of renovations and capital improvements on properties in order to become more competitive, increase value, and to change their place in the marketplace. This can range from renovations that upgrade a building to be more in line with modern buildings, to a complete overhaul that changes the building’s purpose.
What are the main benefits of repositioning?
In addition to increasing overall value, repositioning energizes your business by giving the market a fresh look at your improved asset and creates new motivation for brokers and tenants who might otherwise not consider your building.
Watch this video to learn more:
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