Asset Sales And DilutionThe sale of a building in NYC, intended to fund development needs, may dilute shareholder value more than anticipated.
Leasing Demand ChallengesDespite improvements in biotech funding, no significant increase in leasing demand is expected, leading to potential stagnation in occupancy rates.
Tenant Move-OutsThe move-out of three tenants with an expected downtime of 12-24 months could lead to significant revenue loss and prolonged vacancy.