Many retail properties exhibit one or more common problems that are often easy and straightforward to fix, such as deferred maintenance and cosmetic issues. Typically, however, troubled assets often suffer from more fundamental challenges that are harder to identify, let alone remedy. Identifying and resolving these issues is where Boxer has had its greatest successes.
We standardize all facets of operations and focus intensely on every line item on the entire profit and loss statement to increase revenue and drive down costs. We recognize that there is no such thing as a National Real Estate Market or Economy; therefore, we pay attention to niche markets and local communities when programming the leasing and marketing for each retail asset that we operate. When taking over a center, we begin by evaluating and developing an appropriate leasing and marketing strategy. This process includes a comprehensive trade area analysis, leasing plan, tenant retention program, and marketing analysis. Our approach and unique leasing programs yield leasing activity in assets where owners often thought there was no hope.
By understanding the center, its place in the market and the divergence between the two, we identify and then address the more fundamental problems that may be preventing the asset from attaining its optimal position in its market, unlocking its full potential and maximizing the investment opportunity. The approach depends on the situation, but the goal is always the same: position the asset for a return to relevance, vitality, and long-term economic stability.
Boxer has successfully turned around hundreds of projects whose challenges overwhelmed other owners or managers. Time after time, we have successfully revitalized assets that other firms, the market, and even their owners thought could not be resurrected, returning them to viable and sometimes dominant market positions. That capability continues to be one of our most recognized strengths and can be quickly and efficiently implemented to help you with your retail asset.