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Not-For-Profits Have Taught Lessons to Building Owners

NEW YORK CITY-But real estate experts also shared lessons for prospective tenants during the Rooftops Conference.

By Rayna Katz | Updated on April 19, 2013

NEW YORK CITY-Speakers at the Rooftops Conference, held Friday at the New York Law School, certainly had wisdom to impart on matters of real estate for not-for-profit organizations, but they also spoke of lessons they’ve learned while being the owners of—and consultants on—the organizations’ space.

“We learned that not-for-profits like to be under the same roof because they can share information and resources,” says Jeremy Moss, SVP and director of leasing, Silverstein Properties, Inc., referring to experience gained with 120 Wall Street, which features a city-run program that essentially waives real estate taxes for not-for-profit tenants. “We’ve also learned how to deal with financial issues creatively when necessary, like by restructuring leases and building out space affordably.”

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