Saglo Development Corporation

Saglo Development Corporation is a Miami-based privately-held commercial real estate development firm that specializes in the acquisition, renovation, and active management of prime neighborhood and community shopping centers.

Situation and Objective

Before DealSumm, the leadership and management teams at Saglo did everything manually, and it involved endless self-prepared Excel spreadsheets.

While the Saglo teams were effective, they longed for greater efficiency in managing leases, and more visibility and accessibility to portfolio-wide (and property and tenant-specific) data to make the fastest and most informed decisions.

Solution

Saglo initially leveraged the full-service LeaseView to abstract and manage their entire portfolio of leases.

The Saglo team implemented DealSumm to facilitate due diligence, leasing, and operations. On the lease side, the firm uses DealSumm to analyze and report on rent increases, option terms, exclusivity clauses, and restrictions. And for operations, they monitor provisions, including common area maintenance (CAM) to ensure accurate invoicing.

Outcome and Benefits

After trying the DealSumm platform, the execs and management team at Saglo loved it and now use it every day as an integral part of operations.

Saglo’s CEO and VP use DealSumm for decision making and strategic planning for due diligence in transactions, while operations managers, property managers, and agents run reports for streamlined decisions in the field.

Today, Saglo utilizes the DIY LeaseExpress to handle new amendments and transactions to keep the library of leases and abstracts up-to-date.

The entire Saglo team uses the cloud-based platform, including leasing teams, managers, and accountants – all finding value in DealSumm’s diverse functionality and benefits:

• Intuitive searchability and power to see all leases at once.
• Click on the abstract and see all the critical deal terms of each lease.
• Instantly reference the original document to confirm provisions.
• Efficient drag-and-drop import, with fast notification of processing.
• One-step upload and all the abstracts are updated and current.
• Simplicity of editing and the ability to customize as you see fit.
• Keeps all team members on the same page – nobody misses or forgets anything.