Investment Vehicle Due Diligence
WHY IT MATTERS
Investor due diligence matters in real estate fund and joint ventures as the vehicles often have long terms that are difficult to unwind. Investor due diligence can mitigate risks at the outset of the investment, before problems arise.
Bard Consulting has performed due diligence on approximately $8 billion in investor commitments in various real estate vehicle structures, property types and strategies since 2012.
WHAT WE DO
Bard Consulting has performed due diligence on approximately $8 billion in investor commitments in various real estate vehicle structures, property types, and strategies.
Bard reviews the existing and projected economic and real estate conditions for the strategy.
Bard assesses existing “seed” assets and evaluates the investment pipeline for a fund or joint venture.
Bard evaluates a manager’s track record; ability to source, manage, dispose, and account for assets; transparency with investors; and operational processes.
Bard ensures terms are at market and that the manager’s and investor’s interests are aligned. For joint ventures, we also assist clients in structuring, negotiating, and documenting deal terms as well as in reviewing the operating agreement.
Bard reviews governance provisions to ensure an investor’s interests are protected.