NEW YORK (January 3, 2022) – Savills Inc. and SRS Real Estate Partners, LLC (“SRS”) have consummated a transaction to sell, assign, and transfer all of SRS’ ownership interest in SRS Lease Administration, LLC, to Savills Inc. The newly combined lease management team will consist of over 50 subject matter experts averaging over a decade of industry experience.
“Lease administration is a $6 billion global industry, and the demand for reliable and effective solutions is only rising. Savills acquisition of the SRS Lease Administration team doubles our current practice, adding an established second hub of cross-trained experts to meet client needs. This move enhances our bandwidth to manage our growth and adds new capabilities, including payment processing, to serve our clients better,” said David Lipson, president at Savills North America.
The SRS Lease Administration team provides highly flexible and scalable solutions, specializing in advisory and project services, critical date management, basic accounting, lease audits, full lease administration, and special projects. Their client roster includes more than 50 prominent tenants throughout the country. The team is based in Dallas and led by Jean-Marie Villacampa, who will also join Savills through the acquisition, serving as Vice President of Lease Administration. She will report to Executive Vice President of Lease Administration & Audit Kim Esposito, who oversees the practice for Savills in North America.
“The need for expanded talent and additional resources in lease administration and lease accounting has grown substantially over the past few years,” said Esposito. “We made this strategic decision with the evolving needs of our clients in mind. Given the increased levels of lease administration outsourcing, we are confident this transition will result in enhanced services, occupancy cost savings, and added value for our clients.”
Savills acquisition of SRS Lease Administration, LLC builds on its collaborative agreement with SRS. Last year, Savills and SRS announced a strategic alliance to offer occupiers, investors, and owners enhanced access to premier experts and market-leading services in commercial retail advisory worldwide.
“This is an example of our partnership and being open about how we can serve our clients best,” said Chris Maguire, CEO at SRS. “Our operations are closely aligned and similarly structured to deliver a seamless transition.”
About Savills Inc.
Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting.
For more information, please visit Savills.us and follow them on LinkedIn, Twitter, Instagram, and Facebook.
About SRS Real Estate Partners, LLC
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Their commitment to excellence is strengthened by their Guarantee of Value and their success is measured in the achievement of clients’ objectives, satisfaction, and trust. For more information, visit srsre.com and follow them on LinkedIn and Instagram.