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Tenant Expense Recoveries
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You can’t afford to leave your recoveries process to chance: 


According to NAREIT statistics, only 70 - 80% of eligible operating expenses are recovered due to errors and associated administrative costs.†

Tenant recoveries represent approximately 25 - 33% of gross revenues for commercial real estate companies.

For real estate companies large and small, maximizing tenant recoveries not only saves money but increases portfolio valuation by millions. 

Managing tenant recoveries is complex and tedious.
The commercial real estate industry forfeits billions of dollars of revenue and valuation each year.  Why?  Because the lease terms that entitle them to recover operating expenses from tenants are frequently interpreted, calculated, billed, and applied incorrectly.   Savvy tenants and their lease auditors relentlessly exploit these difficulties resulting in unwanted scrutiny and added overhead for your business.  Worst of all, recoveries are often missed entirely which is the same as money down the drain.

NOI Strategies converts these problems into profit.    
Our Performance Audit for Tenant Expense Recoveries is designed to help you realize the full potential of your net operating income.  Highly specialized audit teams scour every inch of      your recovery process for errors and omissions.  Lease by lease.  Expense by expense.  Past, present, and future.  How does NOI Strategies find the problems that others miss?  Our experts know exactly what to look for and where.  In fact, members of the NOI team actually built many of the very systems you use to run your backoffice. 

Most importantly, we share in the savings we deliver to you.   You only pay if we improve your NOI.  

NAREIT Statistics, September 2002. 

 
How it works:
1 NOI’s recovery specialists audit your leases, abstract data, billing systems, and rent payment allocations.
2 Recovery entitlements are compared to past billings and accounting system setup for future billings.    
3 Each recovery error and omission is logged, corrected, and detailed for tenant reimbursement.