Tampa, FL – Confidant Asset Management (CAM), the net lease asset management arm of 3 Properties, recovered $10,000 in unaccounted for revenue on behalf of an institutional client.
Said client purchased a well-stabilized credit tenant asset, but nevertheless understood the value of CAM’s proactive asset management.
CAM performed a year-end financial reconciliation for the client and found a discrepancy in the date of occupancy. This discrepancy favored the client in the amount of $10,000 due to underpayment by the tenant.
The well-capitalized corporate tenant disputed CAM’s assessment and instead offered $3,000, but CAM Senior Director of Asset Management, Noah Shaffer, stood firm.
Based on CAM’s assessment, and after months of persistent follow-up, the corporate tenant agreed to pay the disputed amount in full.
About 3 Properties and Confidant Asset Management
3 Properties is a forward-thinking net lease investment company that offers brokerage, consulting, and asset management. Learn more at 3-properties.com.
Confidant Asset Management strives to prevent periods of vacancy and provide proactive market repositioning to minimize loss of income and maximize return on investment for net lease assets. Learn more at camnetlease.com.