Dear Colleagues,
In anticipation of our April sale of Rosemont to a new partner, I wanted to ensure that your priorities are a part of the negotiation over sale terms. Here's is what I heard at our full Board meeting:
PRINCE
- Thoughtful income-tiers
- Priority for non-profit, mission-oriented control over decisions
WENIG
- Dedicated staff person for tenant issues
- 3rd party relocation provider
- Independent inspections after rehab
- Waive Qualified Contract option
- Appropriate Rehab Budget
ROBERTS
- Proceeds for SHFC
- Fast Close
RHEAMS
- Legally-enforceable agreements for tenant promises (e.g. restrictive covenants)
Any other important measures we should incorporate into our process?
JGA
