Takeover Management

Description

Assignment

Create five-year capital plan to address deferred maintenance and obsolescent physical and financial items
Develop new leasing and marketing plan to enhance tenancy and increase revenue
Re-measure building square footage
Analyze potential expense reductions

Result

Completed $3 million lobby renovation
Systematically upgraded rent roll with higher credit tenants, increasing rental rates by $13.50 psf and rental revenue by over 40%
Improved retail tenant mix through location-specific leasing strategy, increasing base rent by over $2 million
Increased total building square footage by more than 5% through re-measurement
Reduced insurance costs by 50%
Automated and organized client reporting and tax preparation
Added nearly $50 million in overall value to asset