Lease Administration – Rasmussen

February 3, 2026

Transforming Lease Administration for Rasmussen

Overview
Rasmussen sought a more efficient, accurate, and strategic approach to managing its growing lease portfolio. By partnering with Franklin St., they gained a streamlined lease administration process, measurable financial returns, and a trusted single point of contact for all lease‑related needs.

Client Situation
Rasmussen had historically managed lease administration internally. As their portfolio expanded, the workload became increasingly time‑consuming and complex. They needed an experienced partner who could:

  • Reduce the administrative burden on internal teams
  • Improve accuracy and consistency in lease tracking
  • Collaborate seamlessly with facilities management
  • Provide proactive oversight and strategic insight

They turned to us to elevate their lease administration function without increasing internal headcount.

Our Approach
We implemented a structured, collaborative process designed to bring clarity, accuracy, and efficiency to Rasmussen’s lease operations.

1. Centralizing and Abstracting All Lease Documents
We uploaded and abstracted every lease into our lease administration management system, ensuring complete visibility and standardized data across the portfolio.

2. Cross‑Functional Information Gathering
Our accounting, lease administration and facilities management departments worked closely to validate all financial and operational details, ensuring the data was accurate and complete.

3. Tailored Communication and Notification Preferences
We aligned our workflows with the Rasmussen’s preferred communication style and notification cadence, creating a seamless extension of their internal team.

4. Ongoing Collaboration and Accuracy Assurance
Open, continuous communication between all parties ensured that lease reporting, operations and financial tracking remained precise, timely, and aligned with evolving business needs.

The Results
Our engagement delivered immediate and meaningful value:

  • $130,000+ recovered through detailed security deposit reviews and reductions
  • Cost savings identified by comparing lease‑mandated insurance requirements with actual policies carried
  • Centralized lease portfolio enabling real‑time tracking of renewals, expirations, and other critical dates
  • Dedicated lease administration support, giving the client one reliable point of contact for questions, issues, and strategic guidance

These outcomes not only reduced expenses but also strengthened operational control and long‑term planning.

Conclusion
By partnering with us, Rasmussen transformed its lease administration from a burdensome internal task into a streamlined, strategic function. The financial returns, operational efficiencies, and improved oversight demonstrate the value of expert lease administration—and highlight the impact we can deliver for organizations seeking clarity, savings, and confidence in their real estate portfolio.