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NEW YORK CITY- Time Equities, an investment management firm thatowns 122 retail centers, including shopping centers, malls andstreet-front retail locations in 25 states, has reshuffled itsstaff to triage the asset management side of its business. The firmhas seen an influx of requests for abatement and rent deferrals asof recent with the current coronavirus pandemic, Ami Ziff, directorof national retail, tells GlobeSt.com.
"On the asset management side, our team is busy triaging leasingmatters where tenants are asking for rent relief, some need it,some don't," Ziff said. "To give free rent to everyone, you'll goout of business and have to hand properties back to the lender.That's not the solution, so we have to handle each requestindividually."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
