The financial acquisition due diligence conducted by LPRD includes an NOI audit, Argus review, comprehensive report and financial summary. The data analyzed in LPRD's financial review is compared to the seller's pro forma cash flow figures to illustrate specific category variances resulting in a total NOI variance. This side-by-side comparison further provides a complete explanation of the difference between the seller's presented cash flow and LPRD's analyzed cash flow.
The Financial Due Diligence process includes lease abstraction, income and expense verifications, historical income/expense analysis, Argus models/cash flow projections and further related reviews. LPRD audits each tenant's CAM reimbursment methodology to ensure that CAM reinbursment revenue is reliable and able to withstand a potential future audit.
The experts at LPRD review individual aspects of every tenant lease and provide comprehensive lease abstracts, incorporating findings from these abstracts into LPRD's reports. Internal abstracting provides an added advantage in that it allows LPRD to adjust the scope of specific abstracting on an ongoing basis. This allows us to better tailor the abstract to the specific property review.