Cassidy Turley Real Estate Solutions_Belden 9-3
Portfolio Lease Administration Solutions
Success Story: MeadWestvaco
Reduced costs Increased accountability Improved cost controls
Real Estate Type: Office, Lab, Industrial Portfolio Description: 27M SF on six continents
Cassidy Turley Services: Strategic Planning Transaction Management Facilities Management Lease Administration Site Selection
Accurate, real-time data to support informed decision making Elimination of missed opportunities
Results: • A comprehensive Strategic Plan developed by Cassidy Turley resulted in annual savings opportunities of $8.48M • First-year total leasehold savings of $600,000 • $750,000 in CAPEX cost avoidance through a short-term sale leaseback • $4.25M in cash proceeds from the sale of a discontinued asset • Approximately $200,000 saved through innovative vendor management and maintenance strategies and utility programs
Improved consistency across portfolio
Improved alignment of portfolio with business objectives
Portfolio Lease Administration & Audit Services
Lease Administration
Payables Management
Accounting & Financial Reporting
Lease Audit & Reconciliation
Asset Tracking
CONTRACT MANAGEMENT
• Invoice Review • CAM Reconciliation Audits • Portfolio Optimization MONEY MANAGEMENT
CONTRACT COMPLIANCE
Cassidy Turley manages more than 24,700 leases , producing average annualized savings of $6.34 million
• Abstracting • Document Review • Imaging • Payment Processing • Critical Dates • Security Deposit Tracking/ Collections Reporting
• Auditing • Estoppel and SNDA Review • W-9 Compliance • Process Development • Certificate of Insurance Processing
•• Performance Metrics •• Dashboard Executive Summary of Portfolio
•• Enhanced Reporting Capabilities •• Savings/Cost Avoidance
•• Centralized Payment Processing Platform •• Streamlined Processes
•• SSAE No. 16 Compliant •• Secure, Customizable Technology; 24/7 Access
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