Sentences with phrase «average portfolio rents»
Most portfolios also offer structural upside, over time, as new / market rents are often 20 - 25 % higher than average portfolio rents.
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They target above - average appreciation by focusing on the opportunistic acquisition of high vacancy portfolios, usually requiring modernization & renovation to enhance rents.
«We were able to almost double average rents in that portfolio in about one year's time,» Onufrey says.
Average base rents for Simon's regional mall portfolio rose 4.9 percent to $ 31.87 per square foot.
By that measure, the portfolio's sales per sq. ft. would be $ 765; the average base minimum rent would be $ 67.60, compared with $ 51.87; and leasing spreads would increase to 16.4 percent, compared with 13 percent, they said during the earnings call.
In 1998, Kimco acquired about 98 properties from Ventures Stores Inc. that totaled about 10 million sq. ft.. The average rents in the portfolio were about $ 4 per sq. ft. at the time of the acquisition.
Average base rents for Rouse's retail portfolio rose 16 percent to $ 43.92 per square foot.
«Assuming that the occupancy at the Kimsouth portfolio can be raised from 85 % to 90 %, and assuming that average rents for non-anchor space is $ 11, this increase would represent an increase of $ 1.2 million to Kimco or slightly higher than, $ 0.01 per share,» he wrote in a recent report on the transaction.