Contracted by buyer of 650,000 sq. ft. office bldg to abstract 110 leases, compare results to existing ARGUS® file, and present all reconciling items to buyer for negotiation of potential "credits" at closing.
Realogic’s responsibilities included:
- Abstract all leases
- Compared results to ARGUS
- Documented 55 reconciling items between ARGUS and the leases.
- Performed ARGUS sensitivity analysis on reconciling items at the direction of the buyer.
Financial due diligence and ARGUS sensitivity completed on time. One of the reconciled items found $4 million of free rent for an anchor tenant that was not modeled in ARGUS.