UGL Equis was hired more than 10 years ago to help this client manage its facilities. Previously managed on a state and local basis, this situation did not allow for a unified, proactive approach to its real estate management.

Seeking a more uniform approach, the company enlisted UGL Equis to strategically manage its real estate, reduce occupancy costs, improve efficiency, and reduce overall cycle time.

In 2000, the company was acquired by a larger, national telecommunications giant. After conducting a nationwide search for service providers in October of 2000, the new company decided to increase UGL Equis’ presence by extending our services to facilities in 17 additional states.

As one of its first tasks, UGL Equis developed and implemented a transition plan designed to consolidate a 5-state real estate operation into a single, central management function. Next, UGL Equis implemented a comprehensive plan to dispose of numerous under-utilized holdings in order to generate cash while significantly reducing occupancy costs.

UGL Equis also created and currently administers central data management systems that monitor and control costs, measure portfolio performance, and link real estate with accounting and accounts payable. Currently, UGL Equis performs transactions throughout the company’s Eastern Region for a variety of property types with strict specifications (POPs, equipment rooms, etc.).

UGL Equis maintains a standardized portfolio management system that coordinates services for the company’s 22-state Midwest and Eastern region.

By partnering with UGL Equis, this firm has received the following benefits:

• Reduced average cycle time for transactions by 38 days.
• Generated more than $500,000 from one-time lease audit savings.
• Generated more than $112 million in cash from the sale of underutilized holdings.
• In just 2 years, reduced office density by 18% and occupancy cost per employee by 22%.
• Reduced annual rent budget by $9 million.
• Reduced the error rate for third party bill payment by 50%.