The Next Generation of Lease Administration

For years, lease administration was reduced to a service that was:

Nice to have but not essential,

A free service your real estate broker gave you, or

A software program that your administrative assistant ran in between other projects.

These solutions were better than completely losing track of your real estate obligations but lack several important elements necessary to truly create value for the organization. Further, they did not respond well to concerns about financial integrity relating to reporting obligations.

Today’s lease administration is more than just managing addresses and expiration dates for leased property. A properly integrated real estate function:

Tracks all property obligations and opportunities

Integrates with business unit and enterprise wide strategy

Incorporates and supports multiple departmental disciplines and

Complies with internal audit requirements relating to the financial management and reporting that results from the portfolio.

These important aspects of a fully functioning, enlightened real estate process cannot be achieved with software alone and are not well managed by inexperienced personnel motivated only to execute transactions and be content with the status quo.

Corporate real estate functions require accountability for results which means that there has to be a formally articulated work plan, regularly measured progress and reliable and agile collaboration and reporting responsive to a dynamic landscape of risks and opportunities.

If you have been looking for a professional service that understands the realities you face with accountability for the real estate function, you will be encouraged to know that Portfolio Solutions Group (PSG) is exclusively focused on delivering this evolved program for some of the most well known companies in the world. We already have the People, Process and Technology geared toward helping you create this process for your company and we’re motivated to seeing you succeed in transforming your program from where you are to where you want it to be.