RCS Real Estate Advisors was retained by a national big-box retailer with a 1,500-store, 43-million-square-foot portfolio to reduce rents and negotiate buyouts.
Since its engagement, RCS has reduced rents by $200 million and negotiated buyouts for 10% of the furniture retailer’s most underperforming stores. During the 2020 COVID pandemic, RCS also negotiated rent abatement deals with landlords to help ease the financial distress during the nationwide lockdown.
This case study is a testament to the RCS team and their ability to generate savings for clients of all sizes, from regional brands to national big-box retailers.