The buyer will integrate SRS Lease Administration into its proprietary leasing management service offerings and Portfolio Solutions Group. Following the acquisition, Savills will assume leasing management duties for all of SRS Lease Administration’s clients and tenants.
The new leasing administration team created by Savills will have over 50 members, cross trained around numerous specialties within leasing management and administration. Savills plans to integrate the full scope of SRS Leasing Administration’s services and capabilities into its existing platform, including a streamlined payment processing system, advisory and project consulting services, as well as date management, accounting, auditing and administrative resources.
The SRS team joining Savills as a part of the acquisition is being led by Senior Vice President & Managing Principal of Real Estate Leasing Administration Jean-Marie Villacampa. Following the acquisition, Villacampa will become a vice president of lease administration. Savills Executive Vice President of Lease Administration & Audit Kim Esposito leads the firm’s services in North America.
Lucrative management opportunities
Many of the nation’s largest commercial real estate services companies including Colliers and Kidder Matthews have considerably expanded the scope and scale of their property management offerings. In October of 2022, the latter added a 1.2 million-square-foot collection of industrial assets and improved land in the Los Angeles-area to its management portfolio.
ground lease, ground leases, net lease, ground leases 101, ground lease nyc, skyline properties, skyline properties nyc, Robert Khodadadian, investment sales, broker, commercial real estate, skyline properties, commercial real estate, NYC real estate, ground lease, Skyline Properties, Skyline NYC, Skyline Properties NYC, New York City Real Estate, ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties, NYC Real Estate, Real estate investment, commercial real estate, robert khodadadian, skyline properties, ground lease, net lease, investment sales, brokerage, manhattan real estate, off market broker, daniel shirazi, Off-market real estate