How can real estate investors mitigate risk and support their tenants during times of crisis?

In this episode, Veena Jetti shares insights on PSA negotiations, disaster preparedness, and community building during COVID-19. Learn key strategies to future-proof your assets while supporting those most impacted.

Veena Jetti is the Founding Partner of Vive Funds, a unique commercial real estate firm that specializes in curating conservative opportunities for investors. She has over a decade of real estate experience including overseeing the management of $1B+ in real estate assets. Her expertise includes driving corporate growth strategy, asset management, and business development derived from working for multiple Fortune 500 companies. Veena is also a Forbes Councils Member

Her background includes acquisition, syndication, and growth strategy for multifamily assets. She is often a panelist and speaker at various global conferences and radio shows. Veena is also a founder and past board member of a national non-profit organization. In 2017, she spent a lot of her time and focus on aiding the victims of Hurricane Harvey through coordinating emergency dispatch and rescue calls.

[00:01:00 - 00:04:00] Negotiating PSAs in Uncertain Times

• Include force majeure clauses that account for external financing issues
• Add provisions to extend closing dates in cases of natural disasters
• Pursue lower-cost legal counsel to reduce expenses if a deal falls through

[00:04:00 - 00:08:00] Implementing Disaster Recovery Plans

• Custom disaster recovery plans can prepare for over 40 different scenarios
• Proprietary software centralizes response protocols and assigns action items
• Disaster plans provide confidence to investors, banks, buyers and sellers

[00:08:00 - 00:12:00] Supporting Tenants in Crisis

• Share resources to help the industry recover together
• Boost community with virtual events and challenges
• Offer incentives and assistance programs to ease financial hardships

[00:12:00 - 00:19:00] The Long View on COVID-19

• Taking isolation measures now mitigates longer-term economic impacts
• Accept that some economic damage is inevitable
• Focus on community building and mental health

Quotes:

"A rising tide lifts all boats." - Veena Jetti

"The faster we cut off the pandemic from being able to continue spreading, I think the faster we can go back to work." - Veena Jetti

Connect with Veena:

Connect with Veena:

https://www.linkedin.com/in/veenajetti/

https://vivefunds.com/

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.