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Q.

What is OM meaning regarding land purchasing?

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0 2022-07-25T09:57:36+00:00

OM is the abbreviation for Offering Memorandum and is a key legal document used in the private placement of commercial real estate. Buyers can get information about the property and the offering from OM. It also acts as a tool for winnowing down the pool of bidders that is definitely important to avoid confusion as much as possible. Some details you are to get in OM are:

  • Property description

  • Summary of the property’s past

  • Management and investment company biographies

It is important to have it and know whether you are planning to spend money.

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