Newmark sees Lease Administration as a profit center– not a shared service cost center. Led by one of the most experienced teams in the business, we provide fully outsourced Lease Administration solutions to our clients through dedicated lease administration teams who currently manage over 19,000 leases. Our real value proposition, however, is our team’s ability to unlock savings for retailers through aggressive NNN expense audits, compliance regulation and implementation, and systems integration all at a savings rate that often exceeds the cost of service.
A great lease administration team is no longer defined by the accuracy of its data and timeliness and value of its reporting (critical date management, etc.). Accuracy, timeliness and quality reporting should be assumed. Great lease administration teams understand disconnects and signs of trouble, potential discord with landlords, and most importantly, improper billings and/or expenditure and timely avoidance/ recapture of improper expense. Our lease administration team, all former retailers themselves, are experts at recognizing those opportunities and realizing those gains for our clients.