galaxy partners power point
TRANSCRIPT
REAL ESTATE LEASE
PORTFOLIO MANAGEMENT SERVICES
January 27, 2010
• Since 1990 only corporate real estate services
• National and regional clients
• Senior Team with Corporate Real Estate backgrounds
• Deliver: Portfolio Management – Consulting-Transaction Management
• We are: Client-focused – Strategic – Value-driven
OUR BACKGROUND
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• Management: Diverse portfolio with multi-locations spread over multi-states
• Technology: Legacy lease information systems, often not integrated
• Reporting: Multiple constituencies (Legal, Risk Mgt, Operations, etc.)
• Rightsizing: Fewer stores or locations
• Lease types: Changing rent structures in down economy, may change back
• Focus: Need “Big picture” to grow vs. “Details” to manage
TYPICAL PORTFOLIO CHALLENGES
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• Maintaining accurate lease database
• Monitoring lease dates, options
• Keeping insurance certificates current
• Analyzing CAM expense statements
• Calculating percentage rents for retail leases
• Timely, accurate rent payments
• Planning, Budgeting, and Reporting rents and occupancy costs
PORTFOLIO MANAGEMENT IS DEMANDING
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BENEFITS
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• Galaxy handles day-to-day details
• Allows you to concentrate on strategy / operations
• Electronic database with 24 / 7 Internet access
• Single point of accountability and communication
• Regular monthly reports
• Additional, value-added services available when needed
BOTTOM LINE:
Outsource the WORK, not your INFORMATION.
OUR SERVICE - DATABASE
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• Review all leases and establish database
• Add new leases and maintain existing leases
• 24 / 7 Access to iViewTM, our online reporting system
• Monthly hard copy reports, including:
+ Lease Action Items
+ Lease Summary (for new leases)
+ Lease Inventory (entire portfolio)
+ Monthly Rents Due
OUR SERVICE - ONGOING
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• Point of contact for landlords
• Rent payment
• Annual CAM expense reviews
• Monitor lease options and critical dates
• Coordinate insurance certificates
• Sales % Rent calculations
• Online floor plans and other images
Database Service, plus
VALUE DRIVERS
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• Accurate, Reliable Data
• Technology
• Proactive Processes
• Strategic Management
• Quality People, Cross-Trained Team
WHAT ABOUT…….?RETAIL: What portfolio experience do you have?
• AVON: 300+ office/retail locations in shopping centers
• EMPLOYBRIDGE: 160+ office locations
• NORRELL: 200+ locations
• ARROW: 25 factory outlet stores
• WESTPOINT STEVENS: 65 outlet stores in 20 states
• OTHER CORPORATE: Google, Spectrum Brands, Sony
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WHAT ABOUT…….?CONTROL: How does rent payment process work?
Galaxy/Client’s Database
MonthlyPaymentRegister
Submitted for Approval Monthly
CLIENT
Monthly RentChecks
Release To LandlordsAfter Funding
STARTFTP toG/L
Client OperatingBank Account
Client Account,Galaxy PartnersManaging agent
If OK, fund exact total
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THE RIGHT FIT
We want your business!
• We focus on details while you build value
• Accurate information available when you need it
• Experience ■ Systems ■ Procedures ■ People
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