Leasing For Non-Leasing Professionals
There are no sessions scheduled at this time.
Leasing is everyone’s business. As the primary means for generating revenue in the industry, it is not only the focus
for leasing executives but also property managers and marketing specialists. But if you are not in leasing and have
leasing responsibility, you need an understanding of how leasing works in order to be successful.
So here’s a brand new seminar created just for that purpose: Leasing for Non-Leasing Professionals. It is ICSC’s first
educational program devoted solely to teaching the fundamentals of leasing to professionals whose primary function may
not be leasing but still have a need to know. Nine classes over a day and a half will educate you, illuminate you and
give you a perspective on leasing you cannot find anywhere else.
WHO SHOULD ATTEND
- Asset managers, property general managers and assistant property general managers seeking more knowledge of the leasing function.
- Corporate marketing executives, marketing directors and assistant marketing directors who may be responsible for leasing or are looking at leasing as a future career path.
- Leasing professionals who may be new to their positions or experienced professionals looking for a “refresher” course.
- Specialty leasing professionals either at the corporate level or the property level desiring more knowledge of all aspects of leasing.
- Retailers interested in learning more about shopping center leasing and the language spoken by its practitioners.
HOW YOU WILL BENEFIT
- Understand the leasing function and how it works to maximize asset value
- Learn all aspects of leasing from “permanent” in-line to specialty retail as well as a look at leasing from the retailer perspective
- Learn the common negotiating strategies between tenant and landlord and the give and take necessary to make a deal work for both sides.
- Get a handle on common lease language and how lease provisions are administered by center management
- Learn from experienced faculty that have been on the front lines of the leasing wars and can give you firsthand knowledge on what it takes to make successful deals.
Leasing 2009: The Art of the Deal
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What you need to know about deal making in the shopping center industry today.
- Complete discussion of the common language and terms used by both landlord and retailer.
- Issues that are making the deals and issues that are breaking the deals.
- Learn what the big retailers are demanding from the landlord and where the landlord is making concessions and where the landlord is not.
- Discuss pass along costs and the evolving standard in the industry with issues such as fixed CAM and other points of negotiation.
- Talk about who has the leverage in today’s economic climate and what forces will drive deals in the next five years.
Optimum Mix: Using the Pro Forma To Create Value and Return
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- A full class devoted to formulating a merchandising plan for a new center or renovated center.
- How consumer data is analyzed along with market conditions and competition to create a successful tenant mix.
- Learn the “science” of allocating merchandise categories based on consumer demand and how to achieve the proper balance within a category so each store has the opportunity to succeed.
- Discover how opportunities are created through retailer relocation within the center and the subsequent “freeing up” of key units for more productive uses.
Leasing From A Retailer’s Perspective
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- An opportunity to view the leasing profession from the retailer side and the issues unique to the retailer in negotiating the deal.
- Learn the retailer’s business, what the retailer is looking for, the synergism the retailer desires with other retailers before signing a deal sheet and how meeting these retailer objectives can give the landlord a “domino effect” in cinching multiple deals.
- See how co-tenancy, percentage rent, CAM and many other potential profit busters are subject to heated debate between retailer and landlord and how they conspire to kill many a deal.
- Discover how the retailer looks at market size and demographics and how that may differ from the landlord looking at the same data.
- Find out how savvy retailers are making deals much more complex than ever and what issues they are considering deal makers and deal breakers.
Prospecting For Tenants
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- A session devoted to learning the “tricks of the trade” for identifying retailers and merchandise uses that can make a critical difference in overall center performance.
- Discover techniques for formulating a prospecting plan and targeting specific stores.
- Learn how your company marketing professionals can be a great help in not only identifying prospective players but also helping to close the deal and get the store open.
- Learn how to analyze your property (and the competition) to fill the voids in your tenant mix with just the right store.
- Find out how tenant representatives and brokers work in tenant prospecting and how you can use them to meet your leasing objectives.
- Proven selling tools used to begin negotiation and close the deal are discussed in depth.
Specialty Leasing Strategies
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- An in-depth class devoted entirely to the business of specialty leasing.
- Learn how to create the master specialty leasing plan and ways to keep your presentation fresh and your rents churning.
- Discover ways to walk that thin line between quality and quantity and balance the proper mix with your income goals.
- Obtain knowledge on the most successful strategies to incubate temporary uses into permanent in-line deals.
- Learn about specialty leasing administration from collecting rent to dictating visual merchandise techniques.
Negotiating! Face to Face Bartering
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- An interactive session that teaches negotiating skills to insure maximum profit when making a deal.
- You’ll weigh the landlord’s LOI versus the retailer’s LOI and determine whose form holds sway in the process.
- You’ll learn what issues are prioritized, how they are prioritized and the role played by lawyers in this intense game.
- Find out what landlord demands retailers are walking away from and what retailer dictates landlords are finding deal breakers.
- Engage in a real life mock negotiation where as landlord or retailer you determine your objectives, set your strategies and find out what it is like to make your own deal.
The Lease and Its Administration
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- Understand lease language and how it is enforced from the property professional’s perspective.
- Analyze a lease document and learn to focus on the basic provisions central to the lease agreement such as use clauses, exclusives, radius clauses and exhibits.
- Take a closer look at issues such as CAM, taxes, insurance, lease line violations, opening and closing times—agreed to provisions you have to understand in order to operate your center.
- Know what issues can be handled at the property level and when legal remedies must be sought to rectify the situation.
- Get a better understanding of management’s role in the leasing process after the deal is signed and the store is open.
Tenant Coordination and Construction
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- An understanding of the store opening process that often triggers the income stream following a lease signing.
- Review the responsibilities of both landlord and retailer in preparing the unit for opening during the construction process.
- Learn how the project design, scheduling and tenant coordination mesh properly to insure a smooth build out and eventual opening.
- Learn terminology common to common coordination so you can talk the talk whether you are in leasing, management or marketing.
- Discuss the impact of tenant design plans on construction costs and contracts and how delays can mean big bucks off the bottom line.
- Know how to work with contractors to help them complete their work in a timely fashion, expedite the opening and create income.
