Sherman and Mohler Discuss Multifamily Rent Roll Income
In their recent article for the Commercial Observer, Eric Sherman and Bryan Mohler, together with Associates Marion Harris and Jason Mencher, explore the various options for multifamily buyers when promised rent rolls don't match reality. While there is potential recourse, it is mission critical that potential buyers conduct due diligence in the right way.
They note, "In all cases, given that many multifamily properties are owned by special- and single-purpose entities that may distribute sale proceeds shortly after sale, it is imperative that aggrieved buyers consult counsel promptly after discovering any incorrect or missing rent disclosures."
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