Maintaining clear communication with existing tenants is essential during redevelopment projects.

Co-hosting could be locally based i.e. delivering towels, doing inspections, managing repairs and maintenance etc, or could be virtual tasks like communicating with guests and coordinating things virtually. 

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

It's not good for marketing, bookings, guest communication, calendar tracking, etc. 

We are disciplined capital allocators, excellent communicators and highly accountable.

Just tell them they won't meet your criteria or cut off communication.

A lease can spell out rules and expectations and its more than just a contract its a way to COMMUNICATE between parties.

It's more efficient.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

Or maybe use the cash they’re willing to front for a bigger better deal where the cash can get used more efficiently but again, how?