The concept for Lease-GuardTM was developed by in response to market pressures experienced as a leading provider of commercial construction services to the real estate industry in the Baltimore - Washington, DC region.   To, the enormous risks and upfront costs taken by real estate developers in tenanting their properties didn't always seem to make sense - especially in the era of dot.com start ups. Firms with little to no operating history were building office space they didn't need, let alone understand how to use, with funds provided under tenant improvement allowances of their commercial office lease.  Template documents and contracts along with single asset entities provided little economic recourse.  Further, the individuals leasing the space didn't seem to have the time or capacity to understand the collision course upon which they were traveling.  Meanwhile, at the end of it all sat the building service providers - brokers, architects and contractors like himself.  As he delved further into the domain of his CRE developer and financier peers, he found they too had potential problems that were not being addressed.   There was exposure all through the delivery chain that could only be described as a self-funded risk on the back of service providers. Or to put it another way - a hot potato.  There had to be a more effecient manner in which these risks could be identified, captured and backstopped within an arena best served to do just that. Absent that alternative, simple luck, did not seem like a sound business strategy.

 

Taking the concept through a series of white papers vetted by a wider circle of industry subject matter experts, then invited his long time friend and occasional legal counsel, to become part of the founding Lease-Guard team. As co-founders of Lease-Guard Holdings, LLC, the firm retains ownership of the intelectural property, operating entities and subsidiaries associated with the endeavor.

 

Currently in "pre-revenue" mode, Lease-Guard looks to be fully operational as a managing general agency (MGA) offering custom tailored lease specific indemnity agreements backed by a global specialty risk underwriter in 2Q 2016.