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.
Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.
Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.