Our client was eyeing a 1980’s multifamily asset in Ohio: 300+ units, solid market, and what initially seemed like a great value-add opportunity.

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— They needed boots on the ground professionals.

The client knew they didn’t have the in-house expertise to uncover what a surface-level review could easily miss. They needed “boots-on-the-ground professionals who know where to look and what to question - because hidden issues could truly make or break an investment. Without an experienced team to walk every unit and inspect every system, they risked buying into big problems blind. That’s why they came to us.

— We walked the site, assessed conditions, and developed a repair and replacement budget.

Our due diligence and site visit team: 

• Performed a detailed site visit and comprehensive repair analysis. 
• Wrote out an itemized report that listed and quantified the true condition of the property
• Hired and worked as the liaison between a third party company and the client to scope out the work and provide estimated costs for the repairs
• Gave the client a realistic view of the renovation scope and costs 

Our physical inspection evidenced big issues that weren’t obvious from the offering memorandum - or just a “desktop” review:

• Units requiring $20,000+ in renovations
• Failing mechanical systems
• Deteriorating exteriors
• Damaged site infrastructure, like parking lots and patios
• Signs of infestation

The total capex? Over $6 million.

— They avoided a high risk investment

Armed with accurate data, the client made the only financially responsible move - they passed on the deal.

They avoided a high-risk investment and saved millions in unforeseen expenses.

‍All in all — Assessment + Discovery + Empowerment