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#14 Devon Zuegel: Building a People-First Town From Scratch with Esmeralda & Rethinking How We Live

The Building Culture Podcast

NOTE

Diversification in Tenant Portfolio

Having a diverse tenant portfolio can mitigate risks associated with lease payment defaults. Small mom and pop shops may lack a high credit rating, but they provide stability in numbers. Big chains with high credit ratings can change the negotiation dynamics. Lenders tend to prefer national tenants due to their creditworthiness, but this may limit the available spaces for lease. Lenders' desire for legibility and quick understanding may inadvertently add risk to businesses.

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