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RETAIL RESCUE: Visions + Strategies

Ronald A. Altoon, FAIA

LEED® AP, CRX, CDP

ICSC Trustee

Partner Emeritus - Altoon PartnersLos Angeles Amsterdam Shanghai

Vision + Strategies

• ESTABLISHED PROPERTY

• POSITIVE COMMUNITY RELATIONSHIP

• SOLID/IMPROVING DEMOGRAPHICS

• STRONG UPSIDE POTENTIAL

• CREDIT TENANTS

• MANAGEMENT IN PLACE

• MARKET DESIRABILITY

• EXPERIENCED LOCAL PARTNER

SEEKING A SOUND INVESTMENT: The Fundamentals

SEEKING A SOUND INVESTMENT: The Numbers

• SOLID INVESTMENT

• ENHANCED CAP RATE POTENTIAL

• ACCEPTABLE ROI

• CASH ON CASH RETURN

• STRONG INTERNAL RATE OF RETURN

• STRONG CAPITAL MULTIPLE

• OBJECTIVE EVALUATION

• TRIPLE NET LEASE (NNN)

• ACCUMULATED DEPRECIATION

• BENCHMARKING

Vision + Strategies

SEEKING A SOUND INVESTMENT: The Numbers

• CASH FLOW

• MINIMUM RENT

• PERCENTAGE RENT

• COMMON AREA MAINTENANCE (CAM)

• RENT ROLL

• DEBT COVERAGE RATIO (DCR)

• PRO FORMA

• VACANCY LOSS

Vision + Strategies

LIPSTICK (COSMETIC) REMODELING Vision + Strategies

Windward Mall

Kamehameha SchoolsKane’ohe, HI

FACELIFT (NEW EXTERIOR) Vision + Strategies

Aurora Town Center

Simon Property GroupAurora, CO

ENCLOSURES Vision + Strategies

Fort Worth Town Center

Texas Centers Associates Fort Worth, TX

HORIZONTAL EXPANSION Vision + Strategies

The Shops at Tanforan

Wattson/BreevastSan Bruno, CA

VERTICAL EXPANSION Vision + Strategies

Fashion Valley Center

Simon Property Group/

Morgan StanleySan Diego, CA

HORIZONTAL & VERTICAL EXPANSION Vision + Strategies

Arden Fair

Homart Development Co.Sacramento, CA

DEPARTMENT STORE ADAPTIVE RE-USE Vision + Strategies

David Jones

AMP

Warringah MallSydney, NSW, Australia

RADICAL TRANFORMATION Vision + Strategies

CentralWorld

Central PattanaBangkok, Thailand

2009

CentralWorld Central Pattana

Bangkok, Thailand2010

PLACE

MAKERS

ESPACIO PUBLICO

PROTAGONISTA

EXPERIENCIAS

RELEVANTES

UNA NUEVA PROPUESTA