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Situation

Significant outstanding receivables jeopardized the sale of a client’s 750,000 sq. ft. office building.  Asset Manager requested help to identify, quantify and collect amounts owed.

Solution

Leases were reviewed on site and reconciliation work was performed.  Invoices prepared and presented to tenants for back rent. Receivables of $1,000,000 were individually reconciled for each tenant and collected within 45 days to expedite closing.