The effectiveness of the service we provide
is due to our commitment to maintaining the confidences of our clients.
Thus, we are not at liberty to reveal the names of the clients involved
in the following cases but we believe these are representative of
our service as a whole:
A major petroleum company retained our firm to perform an audit
of its headquarters in Houston, Texas. After a week of reviewing
the landlord's records, we negotiated and secured a $300,000
refund for overcharges occurring over two years. We also reached
an agreement with the landlord concerning the calculation method
to be applied to certain expenses which saved our client an additional
$1,300,000 over the next five years of its lease. The landlord
admitted to us that it had undergone four previous audits by other
tenants/audit firms and none had found the substantial mistakes
identified by our audit.
A major real estate law firm in Washington, D.C. asked our firm
to review its lease and reconciliations to confirm its conclusions
that an audit was not warranted. Unable to reach the same conclusion,
we recommended and subsequently performed an audit. In the course
of the audit, we discovered the landlord had been escalating a tax
bill which was specifically excludable under the lease. As a result,
we recovered $700,000 for past years' mistakes and brought
a future benefit to our client in terms of savings exceeding
$1,000,000 over the remaining term of the lease.
A Fortune 100 insurance company based in the Los Angeles area retained
our firm to review its lease and reconciliations. Since it no longer
occupied the space, it wanted to execute a buy-out of the lease.
The landlord was not interested in a buy-out. We recommended an
audit and proceeded to review four years of the landlord's records.
We discovered that the landlord had never implemented any of the
operating expense exclusions in the lease. The results of our audit
determined our client was overcharged $3,200,000. This amount
was used to provide leverage that enabled the tenant to buy-out
of its lease at an exceptional discount over the present value of
the remaining payments.
Again, these are only a few examples of the work we have performed
on behalf of our clients. Our team has been in this business since
1990 and has done work in virtually every major metropolitan area.
We have worked for clients in the banking, insurance, automotive,
petrochemical, entertainment, electronics, construction, legal,
retail and health care industries across the country. Based on our
past history, if an audit is recommended, our clients typically
have recovered between $1.00 to $4.00 per rentable square foot.
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