A LEVEL ALLIANCESFOUNDERS' COUNCIL HANDBOOK Türkçe

One form, every box.

The Location Ally

You own a big empty store — the kind a department store left behind. We build a marketplace inside it and run it. You pay nothing, you take no shares, and you get 7.5 cents of every dollar the floor takes in.

Working draft · 31 October 2026 · Every line subject to council approval

01

What this ally is

This is the only ring that takes no shares at all, and that is deliberate.

A property owner does not want to be a partner in an operating business; it wants the building to produce income without putting capital at risk. So the deal is a revenue share, not equity: 7.5% of gross receipts from the first dollar, no rent, no minimum, no ceiling. We fund the build-out and the operation. You supply the shell, the corridors, the parking, and your lender's consent.

Because the share is calculated on gross receipts rather than profit, it works for a real estate investment trust. Rent tied to profit creates tax problems for a REIT; a fixed percentage of gross does not.

02

Who it suits

  • You own a dark anchor box — a mall owner, a freestanding big-box owner, a special servicer, or a vehicle that buys these
  • One party controls the ground, the threshold and the corridor
  • Your loan documents allow a revenue-share arrangement — lender consent is a precondition
  • You can authorise use of the common areas, the parking and the frontage
  • You can carry the local permitting

03

What you put in

  • The shell, delivered to an agreed standard
  • Corridors, parking and frontage
  • Lender and title consents
  • Local permitting support

04

What you get back

  • 7.5% of gross receipts from the floor, from the first dollar
  • No capital at risk — we fund the build-out and the operation
  • Measurement and audit rights
  • A term of [10] years plus [2 × 5]-year options

05

What you would actually do

  • Deliver the shell on the agreed date — we open within 90 days of delivery
  • Keep the corridors, parking and common areas available
  • Maintain the consents for the term
  • Direct the mall's existing foot traffic to the floor

06

How the shares are earned

There are no shares to earn here, so there is no vesting. The only mechanism is the rate itself: late shell delivery costs [p] points off the rate until delivery.

07

Read the full Location Ally form

The complete standard form — the rate, the scope schedule, the alternatives analysis and the fourteen-term skeleton — is published separately.

Read the full Location Ally form →