Retail Credit and Risk Analyses for Turnarounds and Repositioning of Distressed Retailers and Retail Estate Assets
Pantheon LLC is an affiliate of Retail MAXIM.net
About Pantheon
A privately held investment advisory firm formed in 1993 to provide independent research, underwriting and repositioning of value-added retail projects and alternative credit and valuation tools to bridge the analytic gap in retail and real estate and to advance risk analytics in property sector by accounting for the secular changes altering the retailers business and spatial markets.
Services
• Advising private equity and opportunistic funds on acquisitions, turnaround and repositioning situations involving high-yield credits and distressed shopping centers. The size of properties range from single assets $5-million to $100 million to portfolios valued above $8 billion (such as the private equity acquisition of Centro, a 600+ strip center company where Pantheon was hired to underwrite the retail risk through competitive impact studies and sales potential of 100+ retailers,)
• Project underwriting of core shopping center assets and derivatives for financing, real estate securitization, development, acquisitions and turnarounds in the public and private capital markets
• Repositioning shopping centers through highest & best use analysis is underscored by providing sales forecast on tenants not available by conventional real estate advisors. In addition to sales forecasts for tenants, competitive analysis and impact studies for retailers are conducted that are the standard for retailers not real estate developers
• Credit analysis of retailers and tenants for real estate acquisitions and financing (center-specific, portfolios, sale leasebacks).
• Risk profiles of retail credits (borrowed from the metrics and valuations conducted for the 455 credits on the Global 400 Retail Watch) and real estate projects assess structural & competitive shifts impacting intrinsic values
• Due diligence of retail development and markets in the US and overseas for the capitalization of site-specific projects and global property indexes.
• Formulating trading & investing ideas to institutional capital forms, traders and money managers (mutual & hedge funds)
