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| Phil Raglin |
Currently active in 23 U.S. markets, Alpha Lease
plans to expand to more than 30 top U.S. metros by the end of 2021.
“There is no bigger challenge in the operation of commercial real estate right now than vacancy,” says Phil Raglin, CEO of Alpha Lease Management.
“With
continued uncertainty surrounding the post-COVID environment, many leasing
markets are not on track to fully recover until 2025.
"This presses the question: how can we solve the
problem of vacancy, now? To us, the answer is simple - invest in it.”
Raglin explains that Alpha Lease’s new Tenancy on
Demand program allows his firm to become a tenant-partner in nearly any
vacant or underperforming space, spanning all property types.
“Through this new structure, Alpha Lease guarantees a long-term, AA-insurance-backed lease, often with terms up to 30 years, while taking on all aspects of the leased space operation,” explains Raglin.
He notes that Alpha Lease either occupies each space or
subleases and manages it, always with an eye toward long-term objectives that
serve the property’s best interest.
“This strategy allows us to draw upon our team’s tenured
experience in the operation of retail, multifamily, office, and industrial
properties while also fulfilling our mission to help properties thrive by
creating environments that support businesses of all sizes while energizing the
assets and their local communities,” says Raglin.
Each transaction under the new program begins with a fintech analysis using Alpha Lease’s proprietary 16,000-data-point TALGO algorithm, which calculates the risk of leasing a property.
A fee is agreed upon and paid by the landlord, who in
return is guaranteed a stable long-term tenant with the expertise to operate
the space and add deep value, according to Raglin.
“This structure creates an immediate increase in NOI,
delivering flexibility to the owner/investor to recapitalize, reposition, or
otherwise reinvest in the asset,” he says.
“Lenders benefit from the financial strength of a AA-backed tenant, while brokers benefit from the ability to bring in the Tenancy On Demand solution to absorb challenging spaces,” notes Raglin.
As a whole, Raglin notes the new program allows active
investors to become passive while providing all parties with speed,
transparency, and ease.
In addition to its new Tenancy on Demand lease
structure, Alpha Lease specializes in CPR Leasing, through which the firm
maximizes income and adds immediate value for property owners through Alpha
Lease’s creative leasing of common areas, parking areas, and rooftops.
Alpha Lease can also create value to all commercial properties even those where it does not have a lease through its holistic value-add approach.
This includes items such as EV charging stations or
installing energy efficient glass, among other value creation strategies that
enhance the valuation of a property.
The firm is also an active property investor with a
portfolio of four million square feet under ownership. Alpha Lease is actively
seeking additional acquisition opportunities in top growth markets throughout
the U.S.
For more information on its new Tenancy on Demand program, contact Phil Raglin at phil@almlease.com.
Alpha Lease Management LLC is a national real estate
investment and tenancy company with more than $45 million in transactional
volume to date.
The firm’s expertise and investment spans retail,
office, multifamily and industrial/flex properties.
Headquartered in Fort Worth, Texas, Alpha Lease focuses on the top 30 metros in the U.S. and currently operates in more than 23 markets nationally.
For more information, please visit www.almlease.com.
CONTACT:
Katie Haga or Lexi Astfalk
(949) 438-6262
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