Surplus and Idle Real Estate Property Disposition
Disposing of excess space quickly at the right price through subleases, sales, terminations, buyouts, and carve-outs has been a core competency of SRS since 1986. SRS has met nearly every challenge in the disposition of more than $6 billion in real estate obligations. Today, we provide disposition solutions for more than 60 clients across North America. We create value in the disposition of underperforming or surplus commercial real estate locations to create income or reduce carrying costs.
We employ a best-in-class property listing engine, listing syndication to third-party listing sites, and a highly curated and targeted e-marketing database to dispose of our clients’ properties quickly and with the best return possible.
From a Few Local Properties to an Entire Portfolio for Disposition
SRS meets our clients’ excess space disposition challenges with expert execution. When disposition needs span your portfolio or multiple markets, SRS can help. We have successfully handled some of the most complex portfolio disposition assignments for some of the biggest companies in the world. For just one of our clients, we successfully disposed of more than 1,200 properties, saving them more than $575 million in future carrying costs.
Dedication and Skill Make SRS the Best Choice for Portfolio Disposition
SRS starts each assignment with a single-point-of-contact and core team of dedicated disposition transaction managers to 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.
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.