How to find the owner of a building
Hey everyone,
We’ve trying to find out the owner of a commercial property for a while. Is there any tool you recommend?
Our goal is to be able to negotiate and hopefully purchase from the owner directly.
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I could tell you, but I'd have to be paid.
Do you mean the ownership entity/company or the actual individuals?
One is usually very simple to find. The other may take some effort.
Check RE tax records. If you can't just search for the address, look up "[County you're in] GIS" and you should be able to pull up the parcel tax ID, if not the owner too.
Chances are it's gonna be held in an LLC with a name that doesn't tell you anything, but you should be able to figure out where the LLC is headquartered, and from there, the owner.
To add on to this, you can typically look up the corporation registration through the Division of Corporations for whatever state the LLC is registered in.
Well if you go to the property overview page on CoStar the ownership info should be listed. Usually it breaks down the owner (LLC entity) and the actual owner (PE fund, REIT, etc) with transactional records as well (last purchase price, cap rate, etc). If you guys are actively looking, getting a CoStar subscription would make the most sense.
the most sure fire way is to see who signed the mortgages, permits or any other public record. These are available through propertyshark and local public record. Granted certain municipalities are better at record keeping than others (NYC is largely considered the best) and some owners are very astute at shielding their true identities through LLC’s, frontmen etc. However, it is typically a rare case when you can’t find an individual behind a property especially in the middle markets.
Yeah, I look to see who signs the DOT recorded...that's the person you want to call regardless of title in the company. If they have the juice to sign the loan, they are usually calling the shots.
In addition to good old fashioned investigative skills/intuition, our company uses LexisNexis to get the uncomfortably intimate details about a prospect. It's best for getting phone numbers, but is really a treasure trove of data about a person, business, or property. Have heard that the subscription is very hard to get, but it's definitely worth it and is the lifeblood of our company's prospecting pipeline.
Good answers here.
Amazing this question is asked 2-4 times a year - do some fucking research.
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