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SITE Centers

SITE Centers Streamlines Lease Management with OpenText

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End-to-end management process implemented for Real Estate Investment Trust

The level of visibility to deals in process is amazing. It is visibility that SITE Center executives need but did not have historically. It truly is 100 percent transparency.

Kim Scharf, Senior Vice President of IT Enterprise Services at SITE Centers

Challenge

  • Needed a more efficient and transparent document assembly process for leases
  • No controls around legal clause language or mechanism to ensure a standard letter of intent or lease format was followed
  • Process inefficiencies and data inconsistencies
  • Inconsistent reporting

Product(s)

Value

  • Increased visibility into leasing activity
  • Enhanced consistency in lease negotiation
  • Reduced overall legal and litigation costs and improved deal returns
  • One version of the truth; all data is linked
  • End-to-end integrated infrastructure

About SITE Centers

SITE Centers is a real estate investment trust in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers.