BISNOW | April 3, 2022
Josh Farahi, a partner at Greenbridge Investment Partners, said that while the majority of his tenants didn’t need to negotiate rent repayment plans with him to stay current on their rent, he did arrange agreements with the few who did. He did not share the average amount of rent debt tenants owed his company, but he did say the terms of agreements Greenbridge has negotiated often spread the payments out over a period of years. Greenbridge’s portfolio in the LA area is mostly office with some ground-floor retail, but tenants include medical offices, lawyers, other traditional office tenants and retailers. Business is largely back to normal for his tenants now, but “normal” might have started very recently, like after the omicron variant died down, he said. Farahi estimates that roughly 10% to 15% of his tenants needed payment plan-style help that would allow them more time to repay what they owe…
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