Case Studies
Strategizing and streamlining large real estate portfolios is no easy feat. But we’ve done it before and we’re equipped with the processes and expertise to do it again.
Case in point…
On behalf of one of our clients, we manage a real estate portfolio consisting of:
- 19 medical offices and other buildings totaling 1.3 million square feet
- 569,000 square feet of expense leases
- 222,000 square feet of income leases
- PLUS 45 acres of land with an aggregate value of $271 million
We successfully:
Acquired
Acquired 15 real estate assets with a value of $143 million and 60 acres of real estate holdings with an estimated value of $30 million.
Sold
Sold 26 real estate assets with an aggregate value of over $80 million.
Reduced
Third-party expense lease obligations by more than $15 million over a three-year period through consolidation of 190,000 square feet.
Increased
Capitalized value of office buildings by revising leases to escalate rent and capture pass-through expenses.
Streamlined
The real estate decision-making process from 32 people down to 1 person.
Implemented
And upheld strict compliance policies.
Created
Stand alone accounting for medical office buildings to contain costs, implement economy-of-scale vendor bidding and selection, and improve ROI on capital expenditures.
Managed
The RFP process, selecting third party developers and owners for 7 buildings totaling 600,000 square feet.
Negotiated
All contractual relationships and deal structures to protect and benefit the client.