Energy Cos. Find Silver Lining in CRE


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Denver remains strategically important for energy companies, especially those recruiting from its strong base of STEM workers.
CHICAGO—The steep decline in US crude oil prices may have helped the economy as a whole, but for energy firms it presents a stiff challenge. But companies that can afford to make strategic moves may find opportunities in this new environment, according to a new JLL report.“There’s a unique combination of capital market, industry and real estate forces that provide credit worthy tenants with attractive options to reduce cost or monetize their real estate portfolios,” says Bruce Rutherford, co-leader of Chicago-based JLL’s global oil and gas practice group. “Energy companies with strong credit, for example, have the opportunity to negotiate purchase contracts for real estate they currently lease, assign those contracts to synthetic lease sources and in that process convert conventional leases into dramatically less expensive synthetic leases.”…

Energy Cos. Find Silver Lining in CRE

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