‘Need for Speed’ Threatens to Undercut Due Diligence in Commercial Real Estate Acquisitions, Expert Cautions

14Jun - by Editor - 0 - In STL.News



ST. PETERSBURG, Fla./ June 14, 2018 (STLRealEstate.News) — As investors race to buy shopping centers, hotels, offices and other assets before the market turns, they should stay cognizant of the ways in which due diligence can suffer amid today’s need for speed, advises Mike Harris, Managing Director of CREModels, in a column for Forbes.com.

“As teams fly around the country bidding on properties, they can lose sight of a sobering fact about real estate deal-making—the faster the pace, the harder it can be to ferret out problems with prospective acquisitions,” Harris writes.

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