Corporate Finance Group
Structuring office leases as cash assets to improve our tenant clients’ equity value.
Specializing in Helping Tenants Share in
the Equity Their Leases & Occupancies Create
As another testament to our dedication to serving commercial tenants, we are proud to offer the expertise of our Hughes Marino Corporate Finance Group, which specializes in cultivating tenant real estate equity strategies so the credit tenant can share in the equity it is creating in the buildings it occupies. Our negotiation strategies apply to lease renewals, relocations, building purchases and more.
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We believe that firms with strong balance sheets should be equal financial partners with their landlord in virtually any real estate project that they consider occupying, whether it’s an existing lease renewal or an office relocation.
Winning Equity Structures
By applying risk-adjusted return metrics comprehensively to tenant real estate, we work with our tenant clients to determine the tenant’s unique impact on real estate equity. This ultimately creates “win-win-equal” equity structures for the tenant and its chosen landlord partners.
Results We Achieve
Hughes Marino’s “shared equity” approach to tenant leasing and to tenant real estate results in meaningfully improved cash value and P&L results versus traditional leasing. The credit tenant enjoys a wholesale office space cost structure—typically +40% less expensive on a cash basis and +20% less on a book basis than paying fully negotiated “market” office space prices.
Details We Take Into Consideration
Cost of Capital / Hurdle Rate / Discount Rate
Time Value of Money
Credit Impact on Risk Spread
Capitalization Rates & Leverage
Yield, Equity Terminal Value, MOIC
Risk Adjusted Returns
NPV Cash, P&L & Balance Sheet Impacts per GAAP [ASC-842]
Impacts on Enterprise Value & Equity Value
Hughes Marino is uniquely positioned on a national basis with a corporate finance group exclusively focused on providing lease equity returns benefiting the consumer of office space—the tenant—while virtually all other firms focus primarily on the supplier or investor returns. We look forward to partnering with your company to help unlock the true value of the equity of your leased real estate.