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Sep 06, 2019
Dylan Moats
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A Case Study In Lowering Costs and Driving Value

Priam Properties is a mid-sized real estate private equity firm focused on office properties throughout the Southeast of the United States. They wanted to grow quickly, but maintain flexibility through a lean staff and operation.

In 2016, Priam implemented Leverton in order to reduce the overhead and time spent on reviewing leases during due diligence and ongoing property management/lease administration. Leverton was chosen due to the highly accurate set of data that was produced and the ease of which the data could be audited.

The solution included lease abstraction of 800 data points covering critical dates, dollars renewals, terminations, ROFO/ROFOs, audits, subleases, CAM, TI, and many more advanced topics. Lease review time was reduced from over 8 hours to 1-2 hours with 24-48 hours turnaround times achieved. The portfolio grew from 100 leases to 400 in 18 months, with Leverton supporting each transaction.

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