The following Q&A was completed as part of our conversational Commercial Real Estate FAQ Interview Series, we hope you find it helpful.
Investors looking to invest in commercial property development will need to do their due diligence to make sure the investment they’re making is the right one. Due diligence is best done when you have advisors who can guide you through the process ensuring no stone is left unturned. From tax and accounting advisors, to legal and brokerage professionals, you can rest assured that your due diligence is truly complete.
Richard Wilson: And if an investor is looking to place capital into commercial property development projects, what type of due diligence insights could you provide them? Whether they’re speaking to your team, or to other companies, trying to really vet them but they don’t have the expertise that you guys have. What would you provide them insight-wise with how to conduct due diligence with you and your peers?
David Greer: I think that, again and Chad talked about this earlier, but really surrounding yourself with the right group of advisors. Whether it’s tax and accounting, whether its legal, having strong commercial real estate brokerage advisory folks on your team – I think surrounding yourself with that right team is absolutely critical. And you see it through the Family Office Club and the work that we’ve conducted, you do the seminars, you had 800 people at the last one we attended pre-COVID. There’s a lot of networking that goes on there and a lot of good information is exchanged, relationships are built, and I think just being patient with the process and really educating yourself before you jump in, and knowing the ins and outs.