Financial Due Diligence for Commercial Real Estate
Skolnick Consulting is a specialized consulting firm that serves clients in every major market of the United States. We offer a wide range of services, including:
Buyer & lender due diligence
Real estate underwriting
Financial analysis of existing assets
Asset management consulting
We are an approved vendor for some of the country’s largest publicly traded and privately owned real estate firms and lenders, including private equity firms, investment managers, and REITs. Our team has broad expertise across all asset types, and we customize our services to match each of our client’s individual needs.
Serving the commercial real estate industry since 1999
Our Services
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Our NOI (net operating income) audit is geared toward buyers and lenders for all types of commercial real estate. We validate the NOI of a given property by completing a detailed, line-by-line analysis of historical operating results of the asset. This entails reviewing all supporting documents, including operating statements, general ledgers, bank statements, service contracts, real estate tax bills, and payroll registers.
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Our lease file audit is geared toward buyers and owners of multifamily real estate, including apartments, senior living, and student housing. We validate the current rent roll of a given property by reviewing every lease file and all relevant addenda. In addition, we provide an in-depth demographic analysis of the tenant population through a detailed review of tenant applications and credit screenings.
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Our property management audit is geared toward owners and asset managers for all types of commercial real estate. We evaluate the property manager’s compliance with the terms of the property management agreement. This entails a rigorous review of the manager’s operations and all supporting documents, including financial reports, bank statements, certificates of insurance, payroll registers, and service contracts.