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Uses and implications of virtual data room features for corporate real estate due diligence

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  • Timson, Kevin

Abstract

Virtual data rooms (VDRs) can significantly improve the due diligence process for sellers and acquirers of corporate real estate. A seller can easily and confidentially collect and organise sensitive property documents located anywhere in the seller's organisation into a central online repository accessible to acquirers around the world. Such online access brings in more interested acquirers to review a property or portfolio because acquirers initially can rely less on site visits and analyse more property documents in less time. Sellers become more willing to share confidential documents due to the significant security tools that VDRs provide. Ultimately, the analysis facilitated by virtual data rooms helps acquirers by providing more data to clarify and validate key deal components of real property transactions, as expressed in the representations and warranties of a purchase agreement, title policies and property environmental reports.

Suggested Citation

  • Timson, Kevin, 2015. "Uses and implications of virtual data room features for corporate real estate due diligence," Corporate Real Estate Journal, Henry Stewart Publications, vol. 5(1), pages 21-33, November.
    • Handle: RePEc:aza:crej00:y:2015:v:5:i:1:p:21-33
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    More about this item

    Keywords

    data room; virtual data room (VDR); corporate real estate; merger; acquisition;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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