When buying commercial real estate, purchasers should devote adequate time and resources to conducting due diligence on the transaction. When due diligence is not thorough enough, or when the party conducting due diligence tasks fails to recognize potential red flags, the acquiring individual or organization can end up buying problems they did not anticipate and are not prepared to handle. Outsourcing due diligence to a firm that regularly provides commercial real estate due diligence services can help lower the risk of costly errors. Other benefits of outsourcing commercial real estate due diligence include the following:
Cost and Process Efficiency.
Organizations that provide commercial real estate due diligence services to their clients can generally do so much more efficiently than an organization that only occasionally has the need to do so. That’s because the due diligence provider understands what needs to be reviewed and is adept at identifying potential title, zoning, survey, or other issues that could impact the transaction.
Experience and Expertise Without Costly Overhead.
When you outsource due diligence support for commercial real estate transactions, you do not need to hire and retain large teams of due diligence experts. You get the benefit of the provider’s experience, expertise, and scale without the burden of overhead expenses.
Capability and Capacity.
The outsourced provider and its due diligence personnel should be able to handle transactions of any size. Due diligence tasks for commercial real estate investors differ somewhat from those needed for end users or commercial real estate developers. You can be confident that the organization providing due diligence services will tailor the project parameters to your goals or your client’s goals.
Access to Tools and Resources.
Outsourced real estate service providers have experience working with title, zoning, and survey matters, lease abstraction, and more, and have access to the most current resources designed to facilitate consistent and thorough due diligence.
If your law firm or company is involved in commercial real estate transactions, outsourcing due diligence can provide process and cost efficiencies while lowering the purchaser’s risk. Baer Reed provides a variety of legal real estate services to law firms and in-house counsel, including commercial real estate due diligence services. To learn more, contact us today.
Mr. Reyes graduated with honors from the Ateneo de Manila University, where he received the Procter and Gamble Student Excellence Award. He obtained his Juris Doctor degree from the Ateneo de Manila School of Law. During law school, Mr. Reyes was part of the Philippine delegation to the Willem C. Vis International Commercial Arbitration Moot held in Vienna, Austria. He was also a member of the Ateneo Society of International Law and the St. Thomas More Debate Society. He completed his internship at the Public Attorney’s Office. He wrote a thesis entitled: “To Kill A White Elephant: An Analysis of the Fiduciary Exception to the Corporate Attorney-Client Privilege”. Mr. Reyes is admitted to practice law in the Philippines and the State of New York.
Ms. Lardizabal-Manzano is a graduate of San Sebastian College-Recoletos, where she earned her B.A. in Political Science. In 2003, she received her law degree from Lyceum of the Philippines and was admitted to practice law in 2004.
Matthew Hersh earned a B.A. in Political Science from Columbia University in 1990 and graduated cum laude from Georgetown University Law Center in 1999. He also holds a master’s degree in international relations from the Georgetown University School of Foreign Service.
Cap. Avi Levak (Res. IDF) graduated from from Israel’s prestigious Ben-Gurion University of the Negev with a Bachelor of Science in Computer Science and Mathematics. He is also a Leadership and Communication coach trained in TuT coaching by Alon gal in Israel. Avi specializes in high-level, in-depth analysis of business and client needs, within systems and software strategy and architecture.
Ms. Tyler graduated cum laude from Georgetown University and received her law degree, cum laude, from Georgetown University Law Center. During law school, she interned at the United Nations Economic Commission for Europe. She also worked on The Tax Lawyer journal and was a member of the award-winning Barristers’ Council Mock Trial Team. Ms. Tyler is admitted to practice law in the State of California and the District of Columbia.
Ms. Cruz-Anonuevo graduated cum laude and top nine in her batch from Miriam College with a degree of Bachelor of Arts in InternationalStudies. She obtained her Juris Doctor degree from Ateneo de Manila University School of Law in Rockwell. During law school, she interned in Rivera, Santos, Maranan & Associates. She was also part of Ateneo’s Labor Law Bar Operations. She wrote her thesis on, “Stealing Privacy: Limitations on Media’s Photographic Invasion.,” Ms. Cruz-Anonuevo is admitted to practice law in the Philippines.
Ms. Aquino-Batallones obtained a Bachelor of Arts degree in Development Studies (with Minors in Global Politics and Hispanic Studies) from the Ateneo de Manila University. In 2011, she received her Juris Doctor degree from Ateneo de Manila University School of Law. During law school, she interned at Romulo Mabanta Buenaventura Sayoc & de los Angeles then became an intern of Ateneo Legal Services Center’s Clinical Legal Education Program.
Mr. De Guzman graduated from San Beda College with a degree of Bachelor of Arts Major in Economics and received his law degree from San Beda College of Law. He is multilingual and is fluent in three languages: Chinese, Filipino, and English. He was admitted to the Philippine Bar in 2003.