7 Tips For Closing Your Portfolio Property Deal

Law360 (October 22, 2014) When executing a major portfolio real estate deal, ensuring a smooth, hassle-free closing for the client can be the toughest task. A portfolio real estate deal can give a buyer a chance to significantly boost its presence in a particular market or region in one fell swoop, while also giving a seller a relatively quick route for shedding properties it no longer wants. But these kinds of transactions can be riddled with hurdles, experts note. On the seller side, it can pay to conduct pre-diligence on portfolio properties in order to best prepare for what a client may face at the negotiation table once buyers conduct their own diligence, according to Crystal Lofing, a Los Angeles real estate attorney with Allen Matkins Leck Gamble Mallory & Natsis LLP. “I've even done litigation searches to make sure there's nothing out there that a buyer might find concerning,” Lofing said.