Real Estate Investment Trusts (REITs)

In the dynamic landscape of Real Estate Investment Trusts (REITs), the importance of safeguarding your investments and maximizing their potential cannot be overstated. 

Due diligence forms the cornerstone of making well-informed decisions, reducing risks, and unlocking the true value of your investment portfolio. The key to success lies in a deep understanding of each asset’s inherent value and potential risks. LCS, through our REITCheck Package,  emerges as your quintessential partner in this journey, offering unparalleled support in the complex realm of real estate investments.

REITCheck by LCS is a bespoke Due Diligence suite tailored specifically for REITs, encapsulating an array of  services designed to bolster your decision-making process with confidence and precision. Our offerings are crafted to be pivotal in your success trajectory:

Phase I Environmental Site Assessment (ESA):

Environmental Due Diligence is a pivotal part of any investment equation. LCS provides a comprehensive Phase I ESA service, ensuring that you step forward with environmental assurance on every transaction.  LCS’s Phase I ESA is a crucial tool for REITs to identify and mitigate environmental risks associated with property transactions. It ensures informed decision-making regarding property acquisitions or divestitures, protecting your portfolio from unforeseen environmental liabilities.

Our Phase I ESAs are the vanguard of environmental investigation, conforming to the rigorous ASTM E1527-21 standards. Our service meticulously covers:

Site Inspections:

Our qualified environmental analysts conduct thorough site inspections to  detect potential environmental risks associated with hazardous substances and petroleum products, and also includes cursory inspections for asbestos, lead-based paint, and mold, which are critical to the health and valuation of your property.

Historical Research:

A thorough examination of the property’s past use, through extensive historical research and review of previous environmental reports, uncovers potential liabilities that could impact your investment.

Local Consultations:

Engagements with property owners, operators, and municipal interviews provide a complete picture of the property’s potential environmental risk and regulatory standing.

Comprehensive Database Reviews:

We delve into a broad spectrum of environmental databases to ensure no stone is unturned in evaluating your property’s environmental footprint.

Radon and Regulatory Compliance Discussions:

Detailed insights into local radon levels and environmental concerns are provided, along with a review of regulatory compliance measures for CERCLA protection.

Robust Reporting:

Our Environmental Professionals synthesize this wealth of information into a robust report, arming you with the knowledge to navigate the environmental landscape of your investments.  This includes; Identification of recognized environmental conditions (RECs), controlled RECs (CRECs), and historical RECs (HRECs),review of wetland maps, soil types, and lead-in-drinking water results, and  review of physical setting and hydrogeologic information when required.

Property Conditions Assessments (PCA)

In the complex landscape of REITs, understanding the physical condition of your properties is just as critical as understanding the market. LCS’s PCAs provide a meticulous review of your property’s health, enabling you to make informed decisions and maintain the value of your investments.

Our PCAs are not mere inspections; they are comprehensive and informative checks conducted by qualified professionals that conform to ASTM E2018-15 standards.. Our service includes:

Thorough Inspections:

Our seasoned construction experts meticulously evaluate every aspect of your property, from the foundation to the roof, ensuring nothing is overlooked.

Systems and Components Evaluation:

From HVAC to electrical systems, we scrutinize each component for efficiency and reliability, identifying any signs of wear and tear.

Maintenance History Review:

A detailed look into the property’s upkeep allows for a better understanding of its condition and the diligence of past care.

Cost Analysis for Deficiencies:

Our reports don’t just point out problems—they offer a cost breakdown for addressing them, allowing for strategic financial planning.

Identification of Immediate and Future Maintenance Needs:

We highlight both pressing issues and potential future concerns, allowing for preemptive action to preserve the property’s functionality and value.

Zoning Report

Zoning Reports equip REITs with the critical insights needed to ensure their investments not only comply with local zoning laws but also thrive within them. By integrating our Zoning Reports into your due diligence process, you can confidently navigate the regulatory landscape, unlock the full potential of your portfolio, and foster sustainable growth. Zoning Reports are a cornerstone of informed investment, offering an exhaustive examination of the zoning regulations, restrictions, and land use limitations that directly impact your properties. Tailored specifically for REITs, this service provides a deep dive into the essential aspects of property zoning, including:

Allowable Uses:

Understand precisely what activities and developments are permitted on your property, ensuring your investment strategies are built on solid, regulatory-compliant ground.

Setbacks, Height, and Density Limitations:

Navigate the complexities of physical development constraints to maximize your property’s potential while adhering to local ordinances.

Zoning Variances and Non-Compliance Issues:

Identify any existing variances or potential non-compliance issues early, allowing for proactive measures that mitigate risks and avoid costly legal or regulatory complications.

ALTA Survey:

In the dynamic realm of REITs, the certainty of property details is not just due diligence—it’s a pillar of every wise investment decision. ALTA Surveys offer a robust and comprehensive examination of your property’s critical details, enabling you to navigate the investment landscape with confidence. By procuring an ALTA Survey through LCS, REITs can secure their investments by ensuring clarity regarding property boundaries and preempting potential legal disputes or complications.  The ALTA Survey offers a detailed property map that highlights boundaries, easements, and significant features critical for meeting title insurance standards. Our detailed service encompasses:

Boundary Accuracy:

Receive precise information on property lines, ensuring the assets within your REIT portfolio are accurately defined and protected.

Easements and Rights-of-Way:

Understand the legal access of your property, including all easements that may affect ownership rights and future development potential.

Encroachments:

Our surveys detect any unauthorized intrusion onto your property or adjacent to it, providing clarity and the opportunity to resolve such issues proactively.

Land-Related Features:

Gain insights into the nuances of the property’s topography and improvements, which are critical for informed decision-making.

Title Insurance Preparation:

Equip yourself with a detailed property map that meets stringent title insurance standards, safeguarding your investments against title defects.

LCS recognizes that the strength of your REIT portfolio is in its details. LCS offers more than just a service—we provide a strategic partnership that provides clarity, insight, and foresight into your real estate investments. Collaborate with us to revolutionize your approach to due diligence and propel your investments to new heights in the real estate market. Discover the transformative potential of our REITCheck Package for your due diligence processes.

REIT Resources

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