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Success Stories
Property Works recovered $129,000 in incorrectly
billed occupancy costs for a 25 unit client during the first two years - more
than 3.5 times the cost of Property Works services for the same period.
Property Works recovered over $535,000 in
overcharged rent, CAM and related charges for a 210-unit quick service
restaurant client.
Property Works saved an average of$17,000 a month
for a retail client with a portfolio of 350 10,000-22,000 square foot
properties.
Property Works' lease restructuring and management services saved
$660,000 in less than 24 months for a 125-unit
fast food operator.
In just one year, Property Works generated$255,000
in occupancy cost savings for a client with 45 10,000-40,000 square foot
properties.
Property Works saved over $32,000 for a casual
dining chain that was using an incorrect pro-rata share when calculating its
property taxes.
Property Works negotiated a 38 percent reduction
in the real property tax assessment for a 50-unit casual dining client. This
created over$12,000 in savings.
Property Works successfully terminated two leases in high profile locations for
a client seeking to exit a market. Base rent savings achieved on the two sites
was in excess of $800,000.
Property Works recovered $40,000 for a restaurant
chain by reviewing the language of its lease documentation.
Property Works has successfully renegotiated 32 leases for one fast food client
over the last three years. This resulted in present value savings in excess of
$1.75 million.
On average, we save over $125,000 a month for our
clients.
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