A large Class-A office institutional investor had just completed a $5 billion transaction and was under a time pressure to begin administering and reporting on the new portfolio. However, during the acquisition process they found that the seller did not maintain the same data in their MRI system as they required.

CHALLENGES

1. Complex, time-sensitive project

2. 1,500 leases to be validated and uploaded into buyer’s MRI system

SOLUTION

The company selected NTrust and leveraged REmaapᵀᴹ for this effort.

SCOPE OF SERVICE: Due diligence abstract report tailored to assist the asset managers •  Seller rent roll vs abstract rent roll comparison • Recoveries Audit

NTrust employed its unique “abstract once, repurpose as the deal progresses” approach to successfully:

– Review and Clean data from the seller’s system.

– Extend data to include clauses and fields required in buyer’s system.

– Stage data for approval prior to loading into production.

BENEFITS

High quality due diligence.

Streamlined abstraction process.

Proven process used by 10+ multi-billion-dollar Asset Manager

REMAAP USE CASES DEPLOYED

Lease Abstraction

RESULTS
Project completed within the 10 week allotted time frame:  Organized over 10,000 PDF files • Abstraction of just over 1,500 leases • A total of 375,000 pieces of data • A total of 125,000 options, clauses including notes.

With the help of NTrust, client was able to complete a complex, time sensitive project on time at a 40% cost savings compared to other consultants offering the same services.