There seems to be a trend in commercial real estate, a trend that is shortening due diligence periods on transactions. The causes of the shorter due-diligence periods are driven by such factors as 1031 schedules and more all-cash deals. The squeeze caused by this trend has required brokers to be more responsive and proactive with the due diligence materials.
And now we find ourselves in a new era, an era of "pre-packaged" due dilence materials which is most commonly made available with the investment offering package. Ah yes, there will be on-site inspections, environmental studies and the like but there is doubtless value in the concept as a step toward a smoother, more expeditous transaction.
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