NBP Capital Portfolio

Creating a customized leasing strategy for an office portfolio

Ethos Commercial Advisors was tapped by NBP Capital, a Portland- and Los Angeles-based investment firm, to take over for a national firm to lease an 11-building, 741,000-square-foot office portfolio across multiple urban submarkets in Portland.

Over the following 24 months, most of which coincided with the COVID-19 pandemic, Ethos successfully completed 18 lease transactions totaling over 50,000 square feet.

Ethos’ role extended well beyond leasing. The team provided strategic guidance on property-level budgeting, tenant retention, and portfolio-wide leasing assumptions. These insights shaped targeted marketing efforts and informed negotiations, allowing Ethos to identify and secure tenants even in submarkets with historically high vacancy rates.

By combining market intelligence with a relationship-driven approach, Ethos rolled up its sleeves to execute with discipline and creativity, delivering results that advanced NBP’s investment performance and long-term objectives.

Ethos Services

Associated Team Members

Josh Bean, SIOR
Executive Managing Director, Partner
Brian Hanson, MREF
Senior Managing Director, Partner

Stats

Square feet leased
50,000+
Leases completed
18
Square feet
741,000
Building office portfolio
11
“Ethos differentiates itself by truly thinking like an owner.  Their market intelligence and commitment to collaborate with us on asset strategies is a critical component of our ability to drive investment performance.  Suffice it to say, I highly value the partnership.”
Chief Operating Officer, NBP Capital

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