Portfolio Optimization
TENANT SERVICES
Optimizing Location and Occupancy Costs in Your Real Estate Portfolio
SRS has decades of experience managing larger scale, geographically dispersed programs focused on existing portfolio management. We combine the expertise from our lease renewals, surplus disposition, and analytics and consulting services to help with a programmatic approach to optimize your portfolio performance. Our portfolio optimization efforts help clients save significant future occupancy costs and improve market positioning of the optimized portfolio.
We can help you answer these questions to help you plan and execute your portfolio optimization efforts:
- Which locations should I reduce rent?
- Which should I protect by extending term?
- Which should I close?
- Which should I downsize?
- Which should I relocate?
Program Expertise
SRS brings the experience of negotiating tens of thousands of leases since our inception to assist clients with their portfolio optimization efforts. We have built a platform that can quickly and successfully optimize your portfolio. SRS has successfully handled some of the most complex portfolio optimization assignments for some of the biggest companies in the world. For just one client, we successfully renewed, restructured, disposed or relocated hundreds of locations, saving them over $500 million in future occupancy costs.
Dedication and Skill Make SRS the Best Choice for Portfolio Optimization
SRS starts each assignment with a single-point-of-contact and core team of dedicated portfolio transaction managers to guide the execution of each assignment. Where local brokers are required, SRS helps identify best-in-class local brokers in each market. Local brokers, along with the project team, perform in-depth valuations and devise a unique strategy for each location assigned.
For lease renewals, the transaction managers then negotiate directly with landlords to renew or restructure leases in the form of rent reductions, blend and extends, virtual downsizing, clause modifications, or whatever creative strategy has been determined to maximize occupancy cost reduction and/or improved lease language.
For surplus disposition, SRS implements a three-pronged marketing strategy for the entire portfolio. The first is standard marketing at the local level. The next is to focus on individual space users who may have an interest in several locations on a bulk basis. The third is to create opportunities to sell leasehold interests or owned properties to investors as a financial transaction.