ALTA Survey Coordination for Multi-Site Commercial Transactions

Multi-Site and Multi-State commercial real estate transactions offer a unique set of complex challenges. For example, a publicly traded REIT acquires a Nationwide Apartment Community with 90 properties throughout 21 states. Often, for regulatory reasons, an ALTA Title Survey for all the properties is required within a specified period of time. Coordinating and providing ALTA Title survey for 90 commercial properties against a strict timeline can become a very challenging and complex task.

Smith-Roberts National Corporation (SRN) is a nationwide coordinator of ALTA surveys with years of experience in such large and complex real estate transactions. SRN has created processes, efficiencies, systems and nationwide relationships to manage surveys with speed, efficiency and accuracy while keeping their clients’ expenses at a minimum.

There are many advantages in having SRN coordinate the national survey acquisition stage of a multi-site, multi-state property transaction. The most important advantage is that Smith-Roberts National Corporation will effectively communicate the specific project needs to other licensed surveyors in a manner they might better understand. With SRN acting as the coordinator, it greatly reduces difficulties many title companies and mortgage companies have experienced when dealing with surveyors from different regions of the country. Smith-Roberts National Corporation has developed many strong relationships with quality survey firms all across the country over the past twenty-five years.

The team at SRN will be the single point of contact for the project which saves clients time and money by handling the entire survey coordination process. SRN will deliver the completed Alta land title surveys meeting all ALTA requirements (including the new 2011 Alta Standards) along with other due diligence requirements (through the Planning and Zoning Resource Corporation) which may be requested in a cost effective and timely manner.