CASE STUDY
Top 5 Industrial REIT
Top 5 Industrial REIT - Multi-Market Turnkey Managed Program
The Challenge
Mantis has been helping this Top 5 Industrial REIT (by market cap) navigate a complex real estate sales landscape that spans six markets with varying climates, tenants, and environmental restrictions for over seven years.
450+
Facilities Currently Under Management
50M+ sq ft
Roof Area Under Management
10+ FTEs
Outsourced vs In-House Headcount
$750,000+
Annual Wage Savings
BEFORE STATE
- Limited, subjective third-party opinions
- Limited quality standards when acquiring portfolios
- Inconsistency with prioritizing projects when balancing tenant preference with the severity of repair needs
- Multiple consultants for multiple trades
- Insufficient in-house staff and expertise
- Shoe-string budgets
AFTER STATE
- Thorough, objective due diligence process
- 10-year Asset Management Plan with priorities for maintenance, repair, rehabilitation, and replacement that accounts for tenant sensitivity
- Full-service, end-to-end, turnkey roof program management
- Offloaded payroll concerns
- Value-engineered projects that prioritize high ROI re-covers over high-cost replacements
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