Value added Real Estate Strategy
The Challenge
Spencer
was hired by Riverstone Residential Group (RRG) in March 2007. At the
time, they were the nation's fastest growing property management
company, and had an urgent need to restructure their organization in
order to keep up with the company's rapid growth. With 3,500 employees
nation-wide and more than 200 in Dallas, RRG needed to ensure that its
own real estate decisions and business strategies were carefully aligned
with the company's comprehensive goals.
They
needed a partner – someone they could trust – to really get in there,
understand their business and guide them through real estate decisions
in both the short and long term.
The Strategy
Over
the past four years, Spencer has developed and implemented multiple
phases of a corporate growth strategy and continuing corporate real
estate (CRE) model for RRG.
- Outsourced CRE executive
- Process and procedure development
- Lease administration and efficient tracking
- Company-wide lease and operating expense audit
- National brand development
- Project management throughout the country
- Corporate sustainability standards
- Corporate headquarters relocation strategy
RRG has realized a total savings of $10.3 million to
date as a direct result of Spencer’s engagement. We are grateful
for the success of this account and the long-term growing relationship
we have with this outstanding client.
To
learn more about how Spencer can work with your team to create value
added strategies, contact Spencer president, Kathy Hansen, at
972-473-2475 or by
email.
