The Challenge
One of our largest scaling clients was challenged with quantifying their real estate portfolio in real-time, during a series of large hospital system acquisitions. In both cases of leased and owned property, our client was unable to identify property within their portfolio that was being underutilized and had limited processes in place to track and manage their real estate assets to help make informed decisions.
The Solution
Using an integrated approach of professional staff, and our data platform, CREF successfully documented and abstracted all leases, monetized non-critical properties, established an efficient lease request process that allowed our client to make informed decisions in real-time, created efficiencies in lease administration and property management, reduced portfolio vacancies, and eliminated all unnecessary expenses. We have since become their primary development partner globally.
Our Value
It is critical that our client’s real estate assets are managed by the best in the business. In this case, our client was able to focus on what they do best – provide high-quality patient care without distraction or disruption. Our team worked with department heads, physicians and nurses to make sure the patient experience was second to none, all while reducing 3rd party lease expenses by 20%, monetizing $60M of non-critical real estate assets, and by ways of early buyouts, consolidations, early renewals, and acquisitions and subleases, helped to unlock millions of dollars in additional capital.
Contact Us