CASE STUDY: Executive Park and Office Complex with 4 Buildings
“What Brian and the team at Limestone did is miraculous. I have worked with many management companies in the past and nobody has given me the attention, or the results, like they have!”
The Challenge
An Absentee (Out-of-state) Owner wanted to increase revenue.
The Limestone Solution
Limestone performed an extensive survey of the situation and realized there were many areas that could be improved upon, and others that needed to be completely overhauled. We first focused on improving the quality of tenants by reducing Operating Expenses and restructuring the amenities in CAM. Further, we were able to decrease long-term operating costs by implementing a multi-year improvement plan. These changes improved occupancy and reduced turnover.
The Bottom Line
Reduced CAM: 7%
Improve Occupancy: Reduced vacancy by 11%
Reduced Turnover: Increased renewals by 6%
Increased bottom-line revenue by a whopping 13%!
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