PEBB speaks to Bisnow on the importance of relationships with tenants longterm
Even three months into the pandemic, the desire to work with tenants still prevails over broader economic concerns, even for most retail landlords. Boca Raton, Florida-based PEBB Enterprises, which owns suburban shopping centers and office buildings, said it collected 60% of rents in May and hopes for better in June, but the relationships it has are considered more valuable than a month’s rent.
“We realize that these tenants are the lifeblood of our business, and our M.O. during the pandemic has been that this is an opportunity for PEBB Enterprises to build relationships instead of burn bridges,” PEBB Senior Vice President of Leasing Chris Stewart said. “The relationships we are creating and maintaining during the pandemic will be lasting relationships.”
