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Zenta provides a full suite of Lease Administration and Common Area Reconciliation ("CAM") services. Zenta has provided on-going Lease Administration and CAM services to over
100,000 office, retail and industrial leases. Zenta provides these services for many of the world's leading real estate investment companies, real estate investment trusts (REITs), opportunity funds, private equity groups, and pension funds.
Our ability to deliver lease administration using our people, processes and systems allows our clients to achieve a broad range of benefits. Zenta can provide full Lease Administration and CAM services including:
- Lease File and Document Scanning
- New Lease, Renewal and Amendment Abstraction
- Lease Input, Update and Entry Into Billing and Accounting Systems
- Rent Roll Billing
- CAM Setup and Monthly, Quarterly and Annual Reconciliations
Our team understands the importance of a high quality Lease Administration process. Zenta delivers leading practice Lease Administration and CAM services using all of the major accounting and lease administration systems including JD Edwards/Oracle, CTI, MRI, Yardi, SAP, Lease Harbor, Virtual Premises and Accruent. We will cater our procedures and approach and customize our approach to meet any lease administration requirements.
CAM/Tax/Insurance Reconciliations
Due to the increasingly difficult economic climate for tenants and owners, processing your 2008 year-end CAM/Tax/Insurance reconciliations as early as possible has never been more critical. The longer owners delay, the greater the likelihood of tenant defaults or disputes.
Zenta is the largest global provider of offshore commercial real estate services, with world-class experience in all of the CAM modules of the major real estate accounting systems including JD Edwards, MRI, Yardi, Timberline, as well as, proprietary Excel models.
During 2008, Zenta’s team of > 1,000 highly-trained Lease Administration & CAM professionals’ prepared ~100,000 year-end CAM/Tax/Insurance reconciliations and can deliver the following benefits for your company:
- Process your CAM/Tax/Insurance reconciliations on or before March 31st, ensuring your statements arrive before tenants’ economic conditions deteriorate further, increasing the probability of prompt payment
- Higher quality reconciliations leading to < 50% fewer disputes
- Save > 50% using a world-class, offshore team with deep experience.
The 1st quarter is typically the busiest period for finance and accounting departments. Often, companies don’t have enough staff available for the year-end close, finalizing budgets and starting year-end CAM/Tax/Insurance. This year is even more challenging, as many companies are evaluating staff reductions and cost containment strategies.
Zenta currently provides CAM/Tax/Insurance services for many of the industry’s leading real estate companies. The following are examples of recent CAM/TAX/Insurance projects:
- Processed > 800 retail centers with 12,000 tenants using JD Edwards
- Translated CAM/Tax/Insurance clauses, set-up MRI and prepared reconciliations for 250 properties across Europe
- Processed Taxes using CTI for 600 retail centers
- Audited CAM/Tax/Insurance statements for 1,000 commercial tenants
- Abstracted > 1,500 leases into the Yardi CAM module and reconciled to previous year’s Excel models.
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How may we help you ? |
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Contact Us |
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To discuss how we can help your organization, call us at
1-877-77-ZENTA or contact us via email at contact@zenta.com. |
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