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- Identify the asset and the seller’s position
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- Determine size of deal, size of obligation,
quality of asset and current status of underlying property
- Underlying real estate must meet “asset
quality” threshold (grade B or better after problems are addressed)
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- Asset specific review of legal, environmental,
construction and development issues
- Site specific field work (property visit,
review of local market conditions and study of comparable properties)
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- Fidelity Partners makes bid to Seller
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- All cash closing with no financing contingencies
- NPV of transaction comparable to or
better than alternative offers
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