With one of his properties, Benedict Clarke, general partner of a little real estate private equity enterprise, encountered dilemma in January 2010. Tulaberry Plaza proved to be a flourishing retail shopping center outside Orlando, Florida when bought in early 2007. The fiscal disaster and serious economic decline compelled Tulaberry's anchor tenant into insolvencyand weakened the other renters in the plaza.
Clarke must formulate a strategy which presents the rewarding and most orderly way forwards, while also4 justifying his activities to generate the essential support from the others involved in the trade. The case asks pupils to make conclusions from Clarke's standpoint, giving them an admiration not only of the details of tactical decision making in real estate leasing, but also of the interaction between equity partners and lenders when handling a commercial property in misery.
PUBLICATION DATE: December 09, 2014 PRODUCT #: KEL857-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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