Citigroup May Consider Sale : NEW YORK CITY-Published reports say the largest office tenant in New York will convene a board meeting today to discuss its options, and 'everything is on the table.'
Transcend Equity has created a
proprietary transaction structure known as MESA that
allows us to make capital improvements
into your portfolio at no cost to you.
Through MESA, our
company effectively becomes your energy supplier. MESA
is an operating expense that replaces your current utility
expenses and
is set equal
to your historical energy costs. In exchange for these historical costs, Transcend Equity
will invest its capital into comprehensive improvements in your portfolio. We
earn a return on our investment from the efficiencies generated by these improvements.
The building owner benefits from obtaining all of the Transcend Equity provided capital
improvements at no cost. The tenants enjoy the benefit of a substantially improved,
more comfortable building with no increase in building expenses. At the expiration
of the MESA, the building owner reclaims responsibility for paying substantially
lowered utility bills. The exact financial
benefit MESA provides to each individual building owner varies depending
on the specific building and ownership structure, respectively. In every case
MESA increases the owners’ yield on their real estate investment.
