An Associate in the Commercial Real Estate Team. (New Zealand qualified)
Tracy handles a range of aspects related to commercial property transactions, including drafting contracts, managing multi-disciplinary professional teams on due diligence, carrying out planning, title, and permissions searches, as well as dealing with property management and administration matters from collection of ground rent, to fire risk, health and safety checks.
Tracy’s primary focus is the acquisition of ground rent properties for clients' portfolios, and packaging the information necessary to facilitate sale of a portfolio to investment funds, and ensuring deals complete in a timely manner.
Tracy's clients are predominantly property investment funds, notably Long Harbour.
Recent examples of how Tracy has helped clients include:
- enabling a client to avoid substantial loss on a commercially unviable ground rent acquisition by due diligence on a head lease that revealed unrecoverable rent;
- assisting a property investment fund to purchase a ground rent portfolio of 180 houses, undertaking due diligence within a timeframe of under two months; and
- facilitating a client's sale of a ground rent portfolio to a pension fund, by packaging title, contract and transfer information to ensure a seamless and cost effective transaction.