Case Studies and Testimonials

Case studies

Control Costs

Thrive renegotiated contracts for a client with 9 communities saving the client approximately $95,000 a year.

Optimize Service

A client asked Thrive to take over talks in the middle of the process. Thrive found that the services and terms were not market after examining the offers that the client intended to pursue. Thrive renegotiated a contract that increased services while keeping expenses in check.

Save time

Thrive standardized the owner’s maintenance agreements so that the terms were consistent and allowed the owner to be flexible throughout the contract’s life.

Avoid mistakes & Auto Renewals

Thrive worked on a portfolio-wide agreement in which the existing portfolio included various service providers and each agreement had a different expiration date. Thrive was successful in negotiating a new contract with a single provider where the individual property agreements will all expire at the same time.

Take Control

Thrive was able to terminate the agreements with an underperforming provider which had been automatically renewed for numerous years. Thrive was able to provide the customer with higher service levels and lower costs

Testimonials

When representing large Real Estate Investment Trusts it’s critical to partner with experts in a given field. For elevator maintenance agreements, hands down, Thrive’s experience, expertise and size fits the bill. Thrive ensures clients are able to optimize their agreements from a cost control perspective but also to drive premium service level standards.

Jelle Klapwick

VP, Accenture

Thrive gave us the opportunity to retain customers and to submit proposals at properties previously unserved. Considering they represent a very large number of properties, we were able to increase our competitiveness in the market based on scale. We recognized that we had to come to the table with competitive offers but it helped that Thrive was explicit in what they were seeking. Most importantly, we could trust that we were being treated fairly.

Anonymous

Regional VP, Major Elevator Co

Thrive saved us time and money! They evaluated our maintenance agreements and put 57 new contracts in place within four months. One more thing…their contract management platform provides expiring contract alerts so we don’t miss out on opportunities. It’s reassuring to know when I call Thrive or hand off an upcoming contract they’ll handle it… giving me back a few hours for top priorities.

Brian Voss

President, American Healthcare Investors

Thrive’s efforts have generated significant savings across our portfolio. Their negotiations of new contracts and their renegotiations of existing contracts have not only resulted in cost controls, but have also resulted in a higher level of service from our providers.

I have been particularly impressed with Thrive’s attention to detail and their broad knowledge of products and services. The contracts that they have provided us, working in conjunction with their own legal riders, have been outstanding and have drawn praise from our general counsel. The feedback I’ve received concerning Thrive from providers has been excellent. They know when negotiating with Thrive that they have to do their homework and present us with the best offer. They also know Thrive will ensure their proposals are fairly presented which makes us feel well represented. Thrive saves us time and money… a great resource! Hiring Thrive was a no-brainer

Travis King

CEO, Realm Investments.

As managers of a very large multi-national portfolio of properties, we hired Thrive to review and renegotiate all of our maintenance agreements with the available suppliers in each geographic area. Thrive’s work was professional and, more importantly, effective. They succeeded in saving hundreds of thousands of dollars in a relatively short amount of time.

Ron Duprey

Senior VP, Associa, Inc

Thrive is a great resource for our asset management team. They negotiated our elevator maintenance agreements saving significant costs across our portfolio. Recently, Thrive renegotiated a number of agreements early, resulting in more consistent terms and better pricing.

We monitor the market and adjust our portfolios throughout the year and Thrive is especially valuable to us when we make a sale or acquisition. We engage Thrive early in the process to take advantage of their years of experience. They evaluate existing contracts, recommending which ones we should assume or not, and assisting with that process. THRIVE has been a trusted partner and we look forward to working with them to continue to build the portfolio.