Overview

The Clients, a NYC based real estate investment firm and a Denver based property management firm came to OPTIMAL looking for an Advisor to support their pre-merger due diligence, from an operations, accounting, and software perspective.

OPTIMAL first completed a review of their organization (process & people) through a series of conversations with both owners and their key stakeholders. Next, a review of their accounting softwares took place, outlining key areas of historical catch-up/clean-up, chart of accounts clarity, and opportunities for consolidation and process improvement.

With an action plan outlined, OPTIMAL began working hand-in-hand with both teams. Multi-year historical catch-up and clean-up for both companies, standard operating procedure development, and staffing alignment on both the bookkeeping and property management side took a total of 6 months..

With OPTIMAL Advisory, both companies were able to gain confidence in their respective operations and successfully executed their merger. During this process, OPTIMAL helped the clients stabilize operations, better utilize in-house staff, save money through increased use of automation and software consolidation, and begin executing on plans to double their joint portfolio over the next 1-2 years.