Who cares if the tenants find out the building is for sale?

Pretty often, owners want to try to prevent their tenants from knowing the building is for sale.

I get why this is a concern with market-rate tenants. They are paying full-whack and you want to keep them happy.

But, with under-market tenants, this is just insane.

What, exactly, are they worried about? That the tenants are going to move out? That would make the building MORE attractive to the buyer.

Anyway, the net result is that the Adaptive inspection team, which often comprises 10 people, is often described as “insurance inspectors”.

But I don’t think anyone is fooled.