Situation
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.

Solution
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.