Real Estate Portfolio Management Success

The Challenge

One of the fastest growing mortgage companies with over 80 offices needed a corporate real estate service provider to help manage their real estate portfolio.

All corporate real estate functions were managed at the local level without any standards, data management, or management process.

The Solution

Site Selection Group gathered and abstracted all lease documentation into a centralized lease administration platform and managed the disposition of non-performing offices for closure through sublease or lease terminations.

The Result

Site Selection Group helped Benchmark Mortgage open 10 new offices per year and subleased multiple sites recovering over 95% of the remaining lease value. We also renegotiated and expanded Benchmark Mortgage's headquarters at below-market terms and negotiated an economic incentive package of $1,000 per job for a total $250,000.

Share this story