Spencer Creates Value for its Clients
At the end of each year, we provide a Value Creation Statement
to each of our clients indicating the alignment of our corporate real
estate strategy and execution with their business goals and
objectives. This month we spotlight the service provided to our
client Riverstone Residential Group (RRG).
For
three years now, Spencer has continued to expand its relationship with
RRG, functioning as an internal consultant and outsourced corporate
real estate department. “We needed a partner – someone we trusted
– to really get in here, understand our business and guide us through
real estate decisions in both the short- and long-term,” said Rachel
Purcell, former chief financial officer for RRG.
Spencer
has helped RRG realize significant value, positioning their corporate
real estate to meet the demands of and enhance their primary business
model. During a period of multiple acquisitions and expansions across
the country, Spencer has focused RRG’s corporate real estate with a
cohesive strategy.
Spencer
was closely involved with the execution of RRG’s marketing campaign,
using real estate to support the new company brand. We provided
standards, space efficiency analysis, corporate culture initiatives,
aligned real estate interests across the country, established
company-wide processes, refined related accounting activity, guided
legal initiatives and developed a corporate sustainability program.
Our corporate real estate endeavors caused significant positive results for RRG. A few of those are highlighted below:
- Reduced total real estate related operating expenses by $500,000 annually
- Saved RRG $900,000 throughout 2009
- Total savings to date (2007-2009) is $7,000,000
