Altus’ Due Diligence services include all aspects of the transaction process – from pre-due diligence analysis to appraisal financing and property condition assessment. Altus draws on three business units: Cost Consulting & Project Management, Research, Valuation & Advisory, and Property Tax Consulting to provide a comprehensive review of potential acquisitions.
- Customized packages include:
- Market overviews
- Competitive analysis
- Market leasing and transaction comparisons
- Review of broker packages with commentary on financial assumptions
- Lease Review – Abstracts for all tenancies, offers, etc., tenant profile analysis, summary of pertinent lease clauses and identification of potential issues and discrepancies, review of estoppels
- Financial Review – Review of bank deposits, tenant pre-bills, accounts receivables; review of historical revenues and expenses, including a tenant-by-tenant analysis of base rent and recoveries, comparison of rents, expenses and miscellaneous income to market standards, comparison of income with vendor’s representation, and analysis of discrepancies
- Property Tax Review – Assessment of tax liability and review of historical and outstanding appeals, tax forecasts and budgeting for new construction, review of tax classification
- Physical Condition Review – Building audit and assessment of condition of the structure and components, identify current and potential future issues, provide a capital plan and cost estimates for identified expenditures
- Appraisal – Standard appraisal report for financing purposes
Additional retail services include location/trade area analysis, repositioning/remerchandising analysis and strategies, and planning for future developments.
Altus’ broad geographic reach, coupled with the complementary services of our various Business Units, allows us to bring in-depth local market knowledge to each assignment. Our dedicated Due Diligence team works with the local offices to ensure that each assignment is completed quickly, allowing prospective purchasers ample time for decision-making and negotiation during the due diligence window.