Enabling property developers, owners, consultants, and REITs to streamline operations and maximize value of their assets
Managing Complex and Expansive Real Estate Database
Thanks to the rapid adoption of disruptive technology, which has paved the way for new business models and entrants, the real estate industry is continuing to undergo massive change and growth. Being a highly regulated sector, it is characterized by aggressive competition and evolving customer demands. As industry players vie for prime market position, there is an increased focus on cost efficiency and optimized operation. As a result, the lease administration function has emerged to be critical to ensure efficient handling of real estate lease obligations and accurate documentation and reporting. Comprehensive lease administration is key to effective risk and property management and to improve overall portfolios performance.
There is a growing demand for outsourcing lease management services as real estate players seek to stay relevant and drive profitability in this dynamic market space through the right technology and process efficiency. In fact, according to the latest report by MarketsandMarkets, the lease management market is estimated to grow from US$4.4 billion in 2020 to US$5.9 billion by 2025.
Now is the time for real estate developers, owners, consultants, and REITs to take advantage of outsourcing strategies to streamline and modernize the lease administration function. A collaborative approach can help build greater agility and responsiveness and the ability to use the wealth of data for strategic advantage and to drive profitable business outcomes.
Download our whitepaper to learn how end-to-end lease administration can help boost portfolios performance, optimize cost, ensure timely compliance, and increase visibility into the leasehold. And also find out how it can help further to create differentiated value through operational and performance efficiency.