Issue:
Regional managers were responsible for staying on top of renewals and lease terms while notice periods had no consistency due to the nature of acquisitions.
Solution:
Avocat created a standardized Lease Addendum of terms that were critical to their operations and legal departments and integrated them into each lease as the term rolled over. Avocat further established a quarterly call with each regional manager that covered each property with a lease expiration within 18 months plus any locations where their needs had changed.
Result:
RecoverCare was able to reduce portfolio renewal costs by 17% using a proactive competitive strategy while business terms reduced risk and simplified real estate decisions going forward.
Client Response:
“Getting organized on over 100 branch locations, each with unique considerations, is no small undertaking. You helped us get ahead of the game, stay pro-active, provided us with negotiating leverage and followed up on laborious items enabling timely commencement of leases. We’d gladly refer you to anyone needing oversight on their portfolio of leased locations.”
Brent Forck – Vice President – Branch Operations, RecoverCare, LLC
