A leading architecture and design firm looked to expand and update their Texas headquarters to demonstrate their commitment to employee wellness. While the firm had a strong cash position and initially planned on self-funding the office renovations, they recognized that this large capital investment could help maximize their Federal Acquisition Regulation (FAR) overhead rate.
Fast Facts
8 Offices
financed FF&E after completion of their HQ project
By utilizing an operating lease for the HQ renovations, the firm improved their FAR overhead rate and established a collaborative process for funding and managing their future office buildouts. Since 2017, the firm has financed $17 million of office improvement projects for several of their locations worldwide.
$5,000,000+
in construction costs financed
The firm’s annual lease line program features a 12-month rate lock and progress financing to accommodate construction billing.
With health and wellness as the focus of the firm’s office upgrades, they added meaningful value for their employees—ultimately earning the international WELL Gold Certification. This certification acknowledges their commitment to employees’ health and wellness in seven categories: air, water, nourishment, light, comfort, fitness, and mind.
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