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.
Mr. Karsh is a Partner and Co-Founder of Streitwise. His primary responsibilities include sourcing and executing new investments, managing corporate operations, and overseeing investor relations and reporting.
Prior to forming Streitwise, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.