Common Area Maintenance (CAM) reconciliations can prove to be taxing for you as a property owner or manager. Accounting for expense recoveries and reconciling CAM charges in a commercial lease is complicated, error-prone and time-consuming. OHI provides comprehensive and high quality CAM reconciliation and CAM audit related services. Our team of experienced accountants are well versed with the CAM reconciliation related complexities such as expense inclusions and exclusions, changing base years, expense caps and floors, changing leased areas among others.
OHI is a specialized commercial real estate outsourcing company since 2006, offering lease administration, lease abstraction and lease audit services at very economical rates. Our services are used by 120+ commercial (including retail), industrial and residential real estate companies in California, New York, Texas, Florida, Colorado, Kansas and Washington among others.
Contact Us for a customized NO OBLIGATION proposal for outsourcing your CAM Reconciliation activities
Cost Savings
30-50% cost savings compared to in-house hired staff or onshore service providers
Staff with at-least six years of relevant real estate experience across leasing and accounting
Skilled Employees
300+ Clients in USA (120+ commercial and residential real estate firms)
Our Clients
CAM Reconciliation Services
CAM Reconciliation Process
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Review of the Lease Abstract and Rent Rolls for:
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Compute Expenses Pools: Creation of expense pools of recoverable expenses based on the above information
Gross-Up Multiplier Calculation: Calculation of Gross-Up Multipliers to adjust for grossed-up occupancy and suitably adjusting the expenses
CAM Expense CAPS/Floors tenant wise Summary: Summarizing CAM expense caps and CAM expense floors tenant-wise
Applicable Period for each Tenant: Review of the move-in and move-out dates to make adjustments for tenants who haven’t occupied full year
Applicable Space Calculation for each Tenant: Review expansion/contraction/shifting of tenants to arrive at allocated area and corresponding period for each area
Finalize Pro-rata Shares based on effective leased areas
GL Review: Scrutinize expense GL’s to ensure proper coding of expenses (only in CAM Audit/Detailed CAM Reconciliation service)
Prepaid Review: Analyze prepaid accounts for any unamortized expenses that should will affect expense pool
Amortizations Review: Review of capital expense and amortizations if leases allow for pass-through of certain capital expenses
Calculate Expense Recoveries: Finalize expense pools and calculate expense recoveries based on the above parameters
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Pricing
* Flat fee quotes can be given for assignments with defined and limited scope of work and low complexity leases
SIMPLE CAM RECS. - HOURLY CHARGES
$13
* per hour
DETAILED CAM RECS. - HOURLY CHARGES
$17
* per hour
FULL TIME CHARGES
$2400
*Onwards (160 hours per month)
Residential Property Accounting
Commercial Property Accounting
Investment Analysis Services
Acquisition Analysis Services
Asset Management Services
Lease Abstraction Services
CAM Reconciliation
Back-Offfice Support Services
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Corporate Profile Video!
The video provides a brief overview of our services, real estate expertise, clients, work culture and most importantly our vision to be recognized as a leading outsourcing provider for the real estate segment.
300+
real estate clients
120+
About Us
Trusted by Over 120+ Real Estate Clients, Including:
A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties.
A well-known fully integrated real estate investment cum asset management firm based in Tampa (FL). They manage a wide variety of commercial real estate assets and provide property management services to 3rd party commercial real estate owners.
A privately owned real estate management firm that specializes in the management of commercial and multi-family properties in the Greater Los Angeles area.
A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.
A full service real estate investment management company. They provides in-house acquisition origination, underwriting, transaction management, asset management, accounting and investor reporting. The company is based in Denver, CO.
A well-known commercial real estate firm based in Tampa (FL). They manage close to 5 million sf of office and retail space.
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US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
453 S Spring Street Ste 400 PMB1245 Los Angeles, CA 90013
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
+1 (646) 367-8976
Useful Links
Services
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Contact Us
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
+1 (646) 367-8976
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