Preparing Escalations Estimates: What You Need to Know
On Demand

This webinar has been cancelled

 

Calculating escalations estimates and justifying those calculations can be a daunting task for property managers and asset managers. This Webinar will help clear up some of the confusion that lies around the escalation process--an important process that can represent 10% to 20% of a portfolio's revenues. Join escalations experts for a refresher on concepts, theory and calculations that comprise this often overwhelming process.

 

Learning Objectives
  • What constitutes as an escalatable expense and what does not
  • How to calculate the escalation
  • How to document the escalations calculations, in case of a tenant challenge
  • How to perform BOMA-approved gross-up calculations and use these formats to standardize your processes and increase recoveries

 

For more info: webinars@stamats.com

 

Speakers

 

  Bill Brownfield is a Counselor of Real Estate (CRE) and a Certified Commercial Investment Member (CCIM). Bill has been responsible for management activities of more than 28 million square feet of office properties in markets accross the United States. He has also been involved in the acquisition and disposition of properties with an aggregate value of hundreds of millions of dollars. Bill has served as the 2005 chair of the Counselors of Real Estate, Houston/Gulf Coast Chapter and as a past board member of Houston’s CCIM chapter. A recognized expert in several disciplines of commercial and investment real estate, he now serves as Director of Acquisitions for a privately owned real-estate investment firm in Texas and as a partner in Brownfield & Mayerhofer. He is the author of The Escalation Handbook for Office Buildings, published by BOMA International.
     
  Larry Mayerhofer is a Certified Public Accountant with more than 25 years of real-estate accounting experience. Larry co-founded Brownfield & Mayerhofer in 1998. During a 23-year period with Equity Office Properties Trust, Larry served as Vice President of Property Accounting, where his responsibilities included managing the escalation process for more than 12,000 tenants annually. An accomplished leader in creating escalation standards, Larry led the design team in the creation of the ARGUS Office Escalations software (formerly known as the FairShare Software and BOMA’s Escalation System for Office Buildings) and provides support for product users in the United States and abroad.

 

Offer with registration:
 

Webinar Registrants Receive 10% Discount on the Escalation Handbook

 

Every commercial real estate property incurs operating expenses before and after occupancy begins. Use BOMA's Escalation Handbook for Office Buildings to figure out how to determine what these costs are and what drives them is the challenge. This book, provides insight into the methods used in leasing to cover expense escalations and how to calculate them.

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