Case Study: a leading institutional real estate asset manager achieves $2.3M in incremental expense recovery with RealPage Utility Management

Leading Institutional Real Estate Asset Manager uncovers $2.3M in recovery with RealPage

A leading institutional real estate asset manager faced challenges with fragmented utility management. This lack of a centralized system limited their visibility into utility spending, created compliance risks, and left potential expense recovery opportunities untapped. To address this, the firm turned to RealPage for a solution, specifically implementing RealPage Utility Management.

The solution from RealPage centralized utility data, standardized recovery practices, and provided automated workflows and consolidated reporting. This allowed the asset manager to gain stronger portfolio-wide control. As a measurable result of implementing RealPage, the firm achieved $2.3 million in incremental expense recovery, which included a $153-per-unit recovery uplift, while also accelerating processing times and improving compliance oversight.