Yesterday, we reported that Primeritus Financial Services had sold their headquarters office in Nashville. In response, Primeritus President and CEO Chris McGinness shot out an email to their agent vendor network addressing the issue.
June 23, 2022
As many of you have read or heard, Primeritus has sold one of the properties in its Nashville location, which was originally acquired along with the Renovo Services acquisition years ago. We have always had more real estate space in the Nashville market than we have needed for our organization and with our decision, as a result of Covid, to being in a remote work environment for the health and safety of our employees, there has been even less need for physical real estate than ever before. As a result of our work from home environment we made the decision to sell the physical location and lease back a portion that allows us to continue to use the space we need without having unoccupied real estate going to waste. As has been heavily publicized, many companies have reevaluated their office needs during these times, this move is not unique to Primeritus. We continue to have an office and operate out of Nashville, and it continues to be our headquarters.
Chris McGinness
President and CEO
As mentioned in yesterday’s article, there are frequently sensible reasons for business to make moves that appear to some as downsizing. In the hybrid remote work environment created during the pandemic, this is a move that many businesses are making. With a highly probable recession brewing, increased repossession activity could provide a fresh breath of life into Primeritus. That is, if they can overcome their other obstacles.
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