Maximize Location Performance Through Aggressive Portfolio Management

When it comes to making sure underperforming and underutilized locations are quickly identified, vigilance is the order of the day. Real estate professionals need to constantly review utilization across the entire portfolio and give consideration to each specific asset quickly and consistently. The ability to analyze performance and set real estate strategy for a location, business unit, region or market can play a pivotal role in making sure your company’s real estate assets positively impact profitability. To ensure each real estate asset has a strategy to achieve maximum contribution to the portfolio, you need to be able to:

• Create an actionable plan for every location in the portfolio
• Maximize location contribution to the overall portfolio
• Meet the goals of your internal business unit clients

VP Corporate Edition integrates and provides critical decision points for individual location strategy review that ensure you make the best decisions to optimize your real estate portfolio. To develop optimization strategies, you need to understand issues such as lease renewal options, early renewal with “blend and extend” strategies, space reconfigurations to improve efficiencies, and property dispositions. The Virtual Premise solution enables you to efficiently conduct location strategy reviews that look at any leases that may be expiring, whether or not a location fits the company’s business needs for suitability or growth, how efficiently the location is being utilized, the cost performance of the location, and the different options that may exist for optimization. The results of the reviews ensure that you are able to successfully:

• Dispose of unproductive real estate assets
• Allocate capital effectively
• Meet project dates
• Affect real estate expense obligations positively