PEBB’s SVP Chris Stewart Comments On Assisting Tenants During Pandemic in The Real Deal
Pebb Enterprises, like many commercial landlords in South Florida, is working with tenants to offer rent deferments or discounts, as retailers and small businesses struggle to pay this month’s bills.
Pebb, a Boca Raton-based commercial real estate firm, is still making its mortgage payments in April, said Chris Stewart, Pebb’s senior vice president of leasing. At the same time, the company is hearing from “a significant number of tenants” and trying to keep an open dialogue between them, he said.
“We are granting deferments, looking at each tenant and property individually,” Stewart said. “We just want to make sure they understand the situation we’re going through.” The company is sending tenants links to loan and grant programs available under the $2 trillion stimulus package that was signed into law by President Trump last week.