real estate + constructionreal estate expense reduction
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expense reduction for real estate
Strategies to increase NOI and portfolio value
Silverback’s experience in real estate expense reduction spans commercial and multi-family real estate development, construction and general contracting, as well as property management. We’ve built cost savings strategies for clients in all phases of the real estate industry.
We understand that tenants can have an impact on a successful cost reduction strategies. Sometimes vendors are also valuable tenants, especially in retail-type developments. As such, we work hard to gain a thorough understanding of those possible relationships and how best to achieve cost reduction while simultaneously maintaining valuable relationships.
Common expense categories we have reviewed within real estate include:
- Construction equipment and materials
- Office equipment and supplies
- Payroll processing
- Real estate leases
- Janitorial supplies
Recent savings for a real estate client:
featured case study
Multi-family developer adds $1.2M to annual cash flow
With a deep knowledge base and a fresh perspective, Silverback helped the client realize significant savings across many non-labor expense categories. Thrilled with the results, the CEO gained new confidence that the company is poised for continued growth and profitability despite unpredictable real estate market conditions.
Whether it’s a new build or a renovation, commercial real estate development projects are significant and complex financial commitments. It’s not surprising that cost and schedule overruns are fairly standard in construction endeavors. In fact, according to a report...read more