EOS Fitness & Mohr Partners: Streamlining Lease Administration & CAM Audit
EOS Fitness is a fast-growing fitness chain offering premium gym amenities at affordable prices across 225+ locations in the United States.
EOS Fitness was receiving CAM reconciliation statements from multiple landlords with no way to verify the charges before payment. With each lease carrying different CAM caps, pro rata structures, and insurance methodologies, billing errors were buried deep enough that only a specialist audit would catch them.
Mohr Partners conducted full desktop audits of each landlord’s reconciliation by:
- Verifying pro rata shares, CAM caps, and base-year methodologies against lease terms.
- Identifying and removing a $24,941 Roof Repair and Maintenance charge improperly passed through to the tenant.
- Correcting management fee errors, insurance allocation overstatements, and line-item discrepancies.
- Identifying a $20,000 escrow discrepancy and reconciling all prior-year payments against tenant ledgers.
- $95,250 total savings recovered across just two CAM audit locations, with further savings expected as the portfolio review continues.
- Combined landlord billing of $113,455 reduced to $18,205, an 84% reduction.
- One location flipped from a payment due to a credit owed back to the client.
- 6 landlord billing errors identified and corrected across both audits.
- Every adjustment fully documented with a clean, defensible audit record for the client.
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