102 items across six workstreams, from the T-12 and rent roll to estoppels and the Phase I. Check items off as documents come in. Your progress stays in this browser, and you can print the list or save it as a PDF.
Criticalneeded to closeImportantaffects price or termsNice to havefills in the picture
0 of 102 items checked (0%)
Financial20 items
Legal18 items
Physical and environmental18 items
Market16 items
Tenant14 items
Operational16 items
Data room folder template
Number the folders so they sort in review order, and use the same structure on every deal.
01_Financial/
Operating_Statements_2023-2025.xlsx
Rent_Roll_Current.xlsx
Budget_2026.xlsx
Tax_Returns_Entity.pdf
AR_Aging_Report.xlsx
02_Legal/
Title_Commitment.pdf
ALTA_Survey.pdf
Zoning_Letter.pdf
Leases/
Tenant_A_Lease.pdf
Tenant_B_Lease.pdf
03_Physical/
PCA_Report.pdf
Phase_I_ESA.pdf
As_Built_Drawings.pdf
04_Market/
Comp_Sales_Analysis.xlsx
Market_Report_CoStar.pdf
05_Tenant/
Tenant_Credit_Reports.pdf
Rollover_Schedule.xlsx
06_Operations/
PM_Agreement.pdf
Service_Contracts.pdf
Insurance_Policies.pdf
Frequently asked questions
What should be included in CRE due diligence?
Six workstreams: financial (rent roll, T-12, tax bills, CAM reconciliations), legal (title, survey, zoning, leases, estoppels), physical and environmental (property condition report, Phase I, building systems), market (sales and lease comps, supply pipeline), tenant (credit, rollover, concentration) and operational (PM agreement, service contracts, insurance). The checklist above lists 102 items across them.
How long does commercial real estate due diligence take?
Agree the due-diligence timetable with the transaction team. Confirm access, required reports and reviewer availability early; timing depends on the property and scope.
What is a data room in commercial real estate?
A data room is the shared folder of transaction documents: financials, leases, title and survey, environmental and condition reports, and operating contracts. Use the same numbered folder structure on every deal so reviewers know where each document sits.
Where CREx fits
After closing, agree how the new property's rent roll, financial statements and receivables will enter ongoing reporting. Confirm source access, account mappings, delivery periods and review responsibility for the asset.
Keep acquisition assumptions, supporting documents and review decisions connected to the asset's reporting context. Confirm which sources and review steps are included before relying on the output.
Discuss how a new property's rent roll, financial statements and receivables can enter portfolio reporting. Confirm source routes, cadence, account mappings and review responsibilities in scope.
