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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.
Thread Replies (13)
Big 12 takes private equity money **
-- All4VT
Apr 29, 2026 at 09:03 PM ET
All4VT
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04/29/26 09:03 PM ET
The line of credit is only $30M, which has to be repaid with interest...**
-- RandomAsianGuy
May 01, 2026 at 01:30 PM ET
RandomAsianGuy
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05/01/26 01:30 PM ET
Correct, and the partnership only goes
-- Big12 guy
May 01, 2026 at 01:42 PM ET
Big12 guy
•
05/01/26 01:42 PM ET
Isn't that Gordon Gecko's new company? Good luck. LOL.**
-- Truthahn
May 01, 2026 at 12:17 PM ET
Truthahn
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05/01/26 12:17 PM ET
I got a phone call from a former client today...
◄
-- MP4VT2004
Apr 30, 2026 at 11:04 PM ET
MP4VT2004
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04/30/26 11:04 PM ET
I manage PE funds, I guess we can agree to disagree **
-- Lancelot Link
May 03, 2026 at 01:27 PM ET
Lancelot Link
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05/03/26 01:27 PM ET
Yep, they definitely tend to be parasites/termites.
-- RJHokie
Apr 30, 2026 at 11:08 PM ET
RJHokie
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04/30/26 11:08 PM ET
That’s unfortunate. The sport is now just business **
-- HokieAl
Apr 30, 2026 at 07:59 PM ET
HokieAl
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04/30/26 07:59 PM ET
Been a business for a150+ years, it’s just above the table now& some prefer
-- Stech
Apr 30, 2026 at 08:47 PM ET
Stech
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04/30/26 08:47 PM ET
What got my attention is the CBS TNT connection. They
-- Big12 guy
Apr 30, 2026 at 10:45 AM ET
Big12 guy
•
04/30/26 10:45 AM ET
Who's saying it is for the ISU lifeline?
-- HouClone
Apr 30, 2026 at 08:51 PM ET
HouClone
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04/30/26 08:51 PM ET
Mostly people out here that are K-Stater's. You are
-- Big12 guy
May 01, 2026 at 06:36 AM ET
Big12 guy
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05/01/26 06:36 AM ET
What would be confusing
-- Tailgate Guru
May 02, 2026 at 06:08 PM ET
Tailgate Guru
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05/02/26 06:08 PM ET