Fractional Dutch Auctions of Commercial Income-Producing Real Estate Properties - TIC Plan Ownership Syndications

Home
User Registration
How Syndicates Work
Syndication Process
Syndication Risks
Pre-Con. Syndicates
Con. Syndicates
Post-Con. Syndicates
Sale-Leasebacks
Project Approvals
Investor's Corner
Developer's Corner
Documentation
Post-Syndication
Glossary

Due Diligence Documentation "Exhibit F-13"

Project Auditor Firm Profile

The following notes are provided pertaining to this exhibit:

  1. What: the proposed Project will entail the investment of millions of dollars and these funds must be accounted for at all times.  Accordingly, the Developer will retain the services of a certified public accountant for the purposes of providing periodic audits of the financial results of all operating and non-operating events of the Project ownership entity (the Sponsor and/or Developer as the case may be).

  2. When: the Project Auditor is retained once the construction loan has been approved and construction is about to begin.  The Project Auditor provides an audit trail for the construction phase operations and an annual audit of the books and records of the Project ownership entity.

  3. Why: all of the key stakeholders in the proposed Project have an interest in safeguarding the finances of the Project ownership entity and providing sound business management of the funds in the care of the Sponsor.

  4. Where: firm profiles of auditing firms that competed for the services agreement are kept by the Developer and are electronic files that are available for downloading.

  5. How: the Project Auditor is responsible for providing an independent accounting of the funds, operating cash flow events and all non-operating cash flow events of the Sponsor at all times.

  6. What's important: safeguarding the funds of the Sponsor entity and providing complete financial transparency of all accounting information and the results of all audits.

For more information, please contact us at 832.659.5009 or via email at info@realestateplays.com.  

 

Send mail to info@realestateplays.com with questions or comments about this web site.

Copyright © 2008 Real Estate Plays Dot Com, LLC

15519 Dawnbrook Drive, Houston, Texas 77068

Telephone: 832.659.5009

Fax: 206.600.5310