Property Management
A Texas commercial property manager who manages a retail center must understand the concept of 'anchor tenants' because:
AAnchor tenants pay the highest rent per square foot
BAnchor tenants drive traffic to the center, affecting the viability of smaller tenant leases and the center's overall value✓ Correct
CAnchor tenants are exempt from paying CAM charges
DAnchors tenants must be approved by TREC
Explanation
Anchor tenants (major retailers like grocery stores, department stores) drive significant traffic to retail centers, benefiting smaller tenants and supporting the center's ability to lease at market rates. The loss of an anchor can significantly impair the center's performance.
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