the local

case study

Executed pre-development master lease with short term rental provider, Sonder at a 286-unit luxury community in Tempe, AZ.

Substantially positive investment impacts on the front end with 37% occupancy on day one of TCO.

Workout before permanent financing to bring the master least to 25% of the building to meet lender requirements.

Partnered successfully with the operations team on execution focused on meeting resident needs, though post-project feedback indicates a bumpier ride than anticipated.

The deal harmonized prop-tech, hospitality, operations, risk management, negotiation, and forecasting- all with a vision towards positive investment impact.

Carol Enoch speaking at The Local