Real Estate MattersCost Effective Solutions  

How CFOs can save millions without impacting productivity or service.

Anthony D. Doar Q2/2012

Interoffice Memo

From: Company President and CEOTo: CFO, VP of Finance, VP of Real Estate

SUBJECT: Cost savings initiatives

How do we reduce our real estate and facility expenses without impacting service to our customers and our employee work environment?

I need you to pull out at least $1 per square foot from our entire real estate portfolio. ASAP.

Real Estate Matters

Before you can find the savings, you need to have the answer to these two questions.

Do you know what your company’s real estate and facilities portfolio cost per year?

How do you know?

Real Estate Matters

The source for finding out starts by asking these questions.

1.What specific building expenses are tracked?

2.Do all entities across the organization use a standard chart of accounts for facility expenses?

3.Which department(s) create and manage the facility budget?

4.How are metrics (cost per foot, cost per FTE) utilized?

5.What is the process for tracking corrective maintenance costs?

Real Estate Matters

Where do you look for the answers? They may fall under the following categories…

•Accounts payable

•Architectural design

•Brokerage transactions

•Budgeting

•Building Services

•Vendor management

•Lease administration

•Space utilization

•Metrics and standards

•Contracts

Real Estate Matters

Whether your company uses 50,000, five million or 50M square feet , you absolutely can save money without impacting service to your

customers and your employee work environment.

Real Estate Matters

How would you answer this question?

“How are your company’s core business objectives integrated with your real estate

requirements?”

Real Estate Matters

About the author

Tony Doar is a facility and corporate real estate executive with extensive experience managing real estate portfolios of over 800 properties and 50 million SF. He has a proven track record of creating programs resulting in millions of dollars in demonstrated savings. He built an organization from the ground up that became an industry leader in facility operation best practices. He’s an innovative problem solver with strong communication skills. Tony has a BA in communications from Pacific University and his CFM from Northeastern.

Corporate History •CB Richard Ellis•Comcast Corporation •MediaOne •AT&T Broadband •Continental Cablevision •Storer Communications

Real Estate Matters

Mr. Doar, with over 30 years of practical business experience, includes amongst his areas of expertise:

•Contract management •Customer and employee relations•Extensive negotiation skills•Government and labor relations•Operating and capital budgeting•Performance Metrics•CCMS Facility Applications

•Project leadership•Sales and marketing•Strategic planning•Team building and development•Vendor/client management•Owner/tenant relations•Facility management

Real Estate Matters

“Tony hired me to handle several assignments for Comcast. He was respectful of our time, appreciative of our service and provided clear direction for us to execute. As coordinator between the brokerage professionals and user groups he maintained constant transparency on both sides gaining everyone's respect and making the entire process an excellent experience with a successful outcome.”

- Mitchell Arkin Executive Director, Cushman & Wakefield

Real Estate Matters

Anthony D. Doarhttp://www.linkedin.com/in/adoarrealestatematters

Cell: 781-801-0988 Adoar@comcast.net