Blue Vault Launches Third-Party Due Diligence Platform
Cumming, GA – January 20, 2016 – Blue Vault Partners, LLC, has announced today the launch of a third-party due diligence platform, Blue Vault Due Diligence Services, LLC (“BVDDS”), to complement its existing research platform on nontraded REITs and nontraded Business Development Companies.
BVDDS will offer unique perspectives to help strengthen the due diligence process for independent Broker Dealers as they review alternative investment products. BVDDS’s approach will include both traditional methods and performance indicators to assist in the examination of such products.
Scott Brown, Managing Partner, states that “with the changing regulatory environment and increased scrutiny of alternative investments, now is the time to enhance the scope of due diligence. BVDDS is well-positioned to provide Broker Dealers with this necessary resource.”
Brown served as Senior Vice President – Asset Management at Signature Office REIT from 2014-2015, where he managed a 2.6 million square foot portfolio of 15 Class A office properties with an aggregate purchase price of more than $607 million. Prior to that, Brown held various positions at Wells Real Estate Funds from 2001-2013, with an emphasis on asset management. Brown’s other responsibilities included acquisition due diligence, leasing, and portfolio management. Brown is a Certified Public Accountant in Georgia and holds the CCIM (Certified Commercial Investment Member) designation.
BVDDS Managing Partner, Alan Royalty served as Vice President – Banking, Finance and Risk Management at Signature Office REIT from 2014-2015, where he was responsible for all banking, finance, portfolio tenant credit, and risk management activities. At Wells Real Estate Funds, Royalty oversaw all due diligence activities for Wells-sponsored investment products with Broker Dealers and third-party consultants from 2006-2013. Royalty’s additional responsibilities from 2002-2013 included tenant credit analysis, insurance, and risk management in support of the real estate group. Royalty is a Certified Public Accountant in Georgia and holds FINRA Series 7 and 63 securities licenses.
Royalty adds, “Scott and I believe that our complementary skill sets will deliver value to Broker Dealers as they perform due diligence research on alternative investments. Scott’s extensive real estate experience coupled with my experience in corporate finance, due diligence, and risk management make us a solid team. We are excited about working with Stacy Chitty in this new venture.”
Stacy Chitty, founder of Blue Vault Partners, LLC, believes Blue Vault can help make a difference. “With so much change happening in the industry, now is a good time to reevaluate how due diligence can be better applied to alternative investment offerings,” he says. “BVDDS is a natural extension for Blue Vault, as we’ve been providing research for more than six years now. We believe there’s more that can be done to provide insight into alternative investments.”
About Blue Vault
Founded in 2009, Blue Vault’s mission is to provide the most in-depth and thorough research available on alternative investments to help educate financial advisors and protect investors. We believe that transparency is the key to financial knowledge, and we’re committed to providing high-quality, valuable information to the investment community.
Blue Vault Due Diligence Services, LLC
407 East Maple Street
Suite 305
Cumming, GA 30040
877-256-2304