The more we study real estate sustainability and resilience, the more we’re convinced that investing in sustainability upgrades over time can ultimately save money at your leased locations. Across a portfolio of locations, these savings add up.
When it comes to the complexities of lease portfolio management and transactions, overwhelm can be a substantial hindrance to clear decision-making. Without a full understanding of all the ramifications for your business, lease portfolio acquisitions can be rife with surprise pitfalls and cloudy . That's why Property Works offers lease management and transactional support services: we are the experts so you don't have to be. While we offer a comprehensive array of services, from lease administration to ESG guidance, in this post we're giving you an in-depth look at one of our most complex transactional support services: Lease Portfolio Diligence.
Multi-unit operators understand the complexity of keeping licenses and permits current. Each location has multiple licenses across different jurisdictions. It takes an...
The process of obtaining landlord consents across entire lease portfolios is notoriously complex. Mail merges, ongoing correspondence with landlords, and other minute tasks demand meticulous time and attention for the refinancing to close. Whether it’s whole business securitization or an acquisition, business operators require a dedicated team to guide them through the maze of administrative and technical requirements.
The twenty-first-century Commercial Real Estate (CRE) firm has evolved beyond the traditional approach to lease management. Requirements on both the client and broker side have made relying on individual spreadsheets not only outdated, but a liability.
As a multi-unit retail operator, it can be challenging to keep up with every aspect of your properties’ data. Hence the importance of a streamlined lease-management...
When it comes to being a multi-unit business operator, keeping tabs on data for every property can seem like an uphill battle. The problem is made worse by relying on rigid spreadsheets which are not shared between departments.
Covid-19 impacted each facet of everyday life, including rent management. As the pandemic raged, business operators across the country struggled with managing the sheer volume of new lease agreements after abatements and deferrals had been agreed upon.
A new lease accounting standard—namely, Accounting Standards Codification (ASC) 842—has made significant changes to accounting practices for operating leases, causing major frustration for large and small companies alike.
