Investment Vehicle Due Diligence
WHY IT MATTERS
Investor due diligence matters for real estate fund and joint venture investments as the vehicles often have long terms that are difficult to unwind. Investor due diligence can mitigate risks at the outset of the investment, minimizing the potential for problems at a later date.
Bard Consulting has performed due diligence on well over $10 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 well over $10 billion in investor commitments in various real estate vehicle structures, property types, and strategies.
Investment strategy
Bard reviews the existing and projected economic and real estate conditions for the strategy.
Asset review
Bard assesses existing “seed” assets and evaluates the investment pipeline for a fund or joint venture.
Investment manager
Bard evaluates a manager’s track record; ability to source, manage, dispose, and account for assets; transparency with investors; and operational processes.
Deal terms
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 economic elements of operating agreements.
Governance
Bard reviews governance provisions to ensure an investor’s interests are both aligned and protected.