Case Study: Goldrich Kest achieves higher NOI and major efficiency gains with RealPage Expense Management

How Goldrich Kest Transformed Performance and Increased Asset Value

Goldrich Kest is a multifamily management company that sought to overcome challenges related to manual processes, inefficiencies in its utility and procurement workflows, and the need to comply with California energy mandates. Partnering with RealPage, the company aimed to increase revenue, maximize efficiency, and reduce operational risk across its extensive portfolio.

The solution implemented involved RealPage’s comprehensive Expense Management suites, including Utility Management, Procurement, and Sustainability. Through this technology and dedicated advisory support, Goldrich Kest improved billing collections by 14%, increased NOI by 2%, reduced check printing by 75%, and cut accounts payable processing time in half. This transformation is projected to have a multi-million-dollar impact on the portfolio's long-term asset value.

Goldrich Kest

Angel Herrera

VP/Controller