Streitwise Portfolio Update: June 2020

New Lease and Collections

 

New Lease Executed in Carmel

We are pleased to announce a new lease for the ground floor retail portion of the Allied Solutions Building: a 10-year lease to Renova Med-Spa, providing full service salon, spa, cosmetic and other aesthetician services. Our new tenant brings the Allied Solutions Building to over 94% leased, and is evidence of the continued demand and desirability of the property and location.

100% June rent collections

We recently provided an update on our April and May collections as well as the temporary lease accommodations we made to certain tenants, and are now pleased to report that we have collected 100% of contractual rent obligations due in June based on the revised budget.

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