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MP4VT2004
Joined: 09/09/2007
Posts: 24,522
Likes: 26,027

I got a phone call from a former client today...

...asking for some information about a building my company renovated for him a few years back. Their tenant had signed a long-term lease and the landlord (our client) fronted a sizeable amount of money to renovate ~50,000 SF of manufacturing and office space for the tenant. Apparently after 2-3 years, the tenant's ownership group decided to cash out and sell the business to a private equity group, which promptly ran the business into the ground within two years, and they recently moved out under the cover of darkness and defaulted on about half of their lease term. Our former client was calling me to ask for some information about the scope of the renovation we performed so that he could help secure a lease with a new tenant in an attempt to stem their losses. So, the moral of the story is: PE firms will usually destroy everything they touch. Good luck, B12.
Posted: 04/30/2026 at 11:04 PM ET
(In response to this post by All4VT)

Thread Replies (13)

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Big 12 takes private equity money **
All4VT 04/29/26 09:03 PM ET
The line of credit is only $30M, which has to be repaid with interest...**
RandomAsianGuy 05/01/26 01:30 PM ET
Correct, and the partnership only goes
Big12 guy 05/01/26 01:42 PM ET
Isn't that Gordon Gecko's new company? Good luck. LOL.**
Truthahn 05/01/26 12:17 PM ET
I got a phone call from a former client today...
MP4VT2004 04/30/26 11:04 PM ET
I manage PE funds, I guess we can agree to disagree **
Lancelot Link 05/03/26 01:27 PM ET
Yep, they definitely tend to be parasites/termites.
RJHokie 04/30/26 11:08 PM ET
That’s unfortunate. The sport is now just business **
HokieAl 04/30/26 07:59 PM ET
Been a business for a150+ years, it’s just above the table now& some prefer
Stech 04/30/26 08:47 PM ET
What got my attention is the CBS TNT connection. They
Big12 guy 04/30/26 10:45 AM ET
Who's saying it is for the ISU lifeline?
HouClone 04/30/26 08:51 PM ET
Mostly people out here that are K-Stater's. You are
Big12 guy 05/01/26 06:36 AM ET
What would be confusing
Tailgate Guru 05/02/26 06:08 PM ET
yes**
Big12 guy 05/03/26 07:19 PM ET