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These Rent Deals Are Giving Retail Landlords a Bigger Stake in Tenants’ Success

In Recovery From Pandemic, More Owners Take Percentage of Gross Sales as Payment
Landlords are offering more percentage-based rents to keep existing tenants, according to Patrick Sullivan, chief operating officer of Primaris, the owner of Orchard Park Shopping Centre in Kelowna, British Columbia. (Primaris)
Landlords are offering more percentage-based rents to keep existing tenants, according to Patrick Sullivan, chief operating officer of Primaris, the owner of Orchard Park Shopping Centre in Kelowna, British Columbia. (Primaris)
CoStar News
June 8, 2021 | 10:56 P.M.

As one of the largest retail landlords in Canada, with 223 properties, RioCan is not in the business of selling goods. But the real estate investment trust knows it has a stake in the success of its tenants.

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News | These Rent Deals Are Giving Retail Landlords a Bigger Stake in Tenants’ Success