Portfolio/Lease Administration

Strategic initiatives, business opportunities or challenges, and organizational change all have one thing in common: they all require information to be handled effectively. With a committed and experienced team of accountants, attorneys, and property professionals, Cresa brings extensive knowledge and best practices to the day-to-day lease administration and accounting processes. Our expertise lies in mitigating the risks and exploring the myriad of opportunities that come from having well-organized and up-to-date data at your disposal. Our dedicated resources become an extension of your staff, helping you control costs and obligations while maximizing savings.

That is The Tenant’s Advantage.

Analyze Current Situation

Every company has a unique approach to property and lease administration, and a unique way of integrating new processes and technologies with existing information and resources. Cresa recognizes and analyzes each company’s particular situation, and having established these processes for some of the largest companies in the world, we combine our refined experience and this comprehensive understanding to:

  • Identify existing information resources and gaps
  • Assess existing processes for gathering, reconciling, and interpreting data
  • Establish reporting to inform stakeholders and monitor metrics
  • Anticipate and document standard operating procedures and protocol for predictive activity — a key element of Sarbanes-Oxley compliance

Facilitate Portfolio Inventory and Build an Information Repository

To proactively manage a diverse portfolio of property obligations, you need a central repository of the information and documents essential to making informed business decisions. To build this repository, whether for the first time or to supplement an existing process, Cresa has all of the resources available to:

  • Transition existing data (as available) and identify missing elements
  • Gather and log existing files to create an inventory control list
  • Compile all site information and documents into standard and electronic formats

Manage and Measure Progress

Committed to a cost-effective solution that quickly demonstrates value, Cresa makes it standard practice to implement controls to keep you informed. As a partner in lease administration and accounting, expect us to:

  • Implement industry standard software, open for integration with your platform of choice
  • Host and manage your database application with a dedicated support team that seamlessly integrates with your existing staff
  • Apply best practices for process support, documented procedures, and message-based reports that highlight trends and benchmarks

Deliver Value

Working with Cresa, you can expect a value-driven approach, enabling integration, savings, and efficiencies to:

  • Realize and return at least 50% of annual fees with program savings from invoice reviews and desktop audits
  • Provide better results at half the cost of internally hosted solutions
  • Reduce the cycle time for both predictive and proactive tasks
  • Collaborate with other Cresa and non-Cresa services where these information points and reporting elements are critical