We have a diverse group of interdisciplinary experts to implement a long-term, scalable real estate strategy. Our team helps clients create efficiencies in lease administration and property management, reduce portfolio vacancies, monetize non-critical properties, and eliminate unnecessary expenses, all with the goal of creating non-transactional, best-in-class experiences for our partners.
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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.
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.
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.
We’re able to concurrently manage thousands of complex healthcare-based projects at any give time.
Representative projects include:
CREF if your scalable solution – whether as an extension of your facilities group across a large geographical footprint, or being able to assess early potential projects
CREF has been instrumental in helping us manage our growth from 9 to 40 hospitals. They help us prioritize and manage capital requests, understand the complexities of our geographic footprint and our healthcare asset portfolio, and so this with a responsiveness that feels like we’re all one team.
John Polanowicz
Former Steward COO, Hospital President
iCREF is a fully integrated asset management software suite that manages all aspects of your corporate facilities and property projects.
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