East County Chamber of Commerce

 Kristin Howell, RPA, FMA

What services does Meissner Jacquet offer?

The Difference between Legal and Business Due Diligence

“The due diligence stage is an essential element to a successful commercial transaction.” TDS Law (https://www.tdslaw.com/resource/the-importance-of-due-diligence/ )

There are many articles written that state the importance of due diligence, and the difference between legal and business due diligence. A quick Google search will bring up numerous pages of resources but here are a couple of real-world examples that show how Meissner Jacquét can add value to your acquisitions efforts.

  1. Retail center: Our lease administration team was able to identify built-in improvements in the leases that the previous owner was either not aware of or didn’t take advantage of. There was underbilling, erroneous caps applied, incorrect CAM pool denominators, and more.

Bottom Line: Through Meissner Jacquét’s due diligence process, our client was able to identify ~$1.6MM of previously unrealized value.

  1. Mixed-use new development: A client was looking to buy a new development retail center. The assumptions were that the income represented was accurate and that the CAM reimbursement was equal to what the leases allowed. Given this was a new construction project, there was no tangible history to rely upon. The Meissner Jacquét lease administration team was able to identify that the presumed income and recoverable expenses were not verified.

Bottom Line: Our client was able to bring down the purchase price by ~$100,000.

While it is always important to have an attorney review and advise throughout the commercial purchasing process, there is much value to be gained by having a knowledgeable and experienced professional perform a thorough review of the leases and governing documents. Due diligence is not just about “crossing your T’s and dotting your I’s”. Proper due diligence has real-world implications. It is essential to verify that the income and expenses provided by the seller are accurate.

Don’t rely on the Sellers reports alone, particularly their Pro-forma statements calculating net income used to value the property.  That report should be vetted and verified by the buyer – this is our expertise! Meissner Jacquét will verify that the information on the proforma is accurate.

Meissner Jacquét is well-positioned to provide the support you need so that you can focus on your business goals.

Contact us today and let us show you how we can transform your Commercial Real Estate operation.

COVID-19 Relief




The “Consolidated Appropriations Act of 2021” (H.R. 133) was signed into law on December 27, 2020. It includes extensions of COVID relief measures, resources for vaccine distribution, tax extenders, and appropriations to fund the government.


COVID Relief and Year-End Stimulus (1)

San Diego Business Journal: SD500

San Diego Business Journal:

Congratulations, Tim Meissner!

Tim Meissner is president of Meissner Jacquet Commercial Real Estate Services. Established in 1992, the company currently manages a commercial real estate portfolio of more than 15 million square feet and has managed more than 75 million square feet of commercial real estate since its inception. Meissner’s primary function as president is client services, where he is directly responsible for the firm’s senior management team.



The Importance of Well-Functioning Property Accounting

The Value of Well-Functioning Property Accounting

  • Timely and accurate financial reports
  • Transparent procedures and processes
  • Thorough reports that are easy to read and interpret




Yardi Systems has become the industry standard in real estate operational and accounting software. Meissner Jacquet has invested over $1 million in perfecting this platform over the last two decades. We’ve built custom reporting, workflows, streamlined processes, and procedures to utilize Yardi’s powerful and ever-expanding software and bolt-on modules.

Our diverse group of third-party clients demands speed, accuracy, transparency, and the ability to model various scenarios within one centralized platform. The Yardi Voyager software fills all these requirements.  Yardi is the Rolls-Royce of software in the real estate management market and it is one of the most comprehensive and costly software to own and maintain.

Meissner Jacquet is well-positioned to provide the support you need so that you can focus on your business goals.

We are experts in:

  • abstract lease documents
  • setting up chart of accounts
  • coding invoices for approval
  • entering rent receipt
  • reconciling accounts
  • producing financial statements
  • completing CAM reconciliations
  • and assisting in budgeting and forecasting processes

Our clients are up and running in Yardi in 30 to 60 days.  MJ experts are available to train your property managers and your top-level executives to become proficient at navigating and pulling data from anywhere in the world.

Contact us today and let us show you how we can transform your Commercial Real Estate operation.

A New Network Has the Goal of Connecting Black CRE Professionals Across the Country

Written by Dustin Sutton, Business Development & Real Estate Manager

As a young Black man recently graduated from college, I relocated to San Diego from Philadelphia, drawn by the beautiful beaches and weather. Like many young people just starting out, my first few jobs were short-lived and unsuccessful. But then I landed a job as a leasing agent at a boutique residential real estate firm that offered exposure to commercial real estate through the mixed-use assets they managed. I found that my skill set and sales experience was a good fit for real estate in general. Before long I had an opportunity to work on the commercial side full-time. I’ve now worked for over 10 years in commercial real estate, including working for three companies in leasing, property management, asset management, and business development roles. The work has been rewarding, challenging, and has provided opportunities for growth and advancement. Among the advantages of being in this industry are the many professionals I have worked with, who have generously shared their expertise and encouraged me to continuously seek improvement. I have been part of terrific teams and have had a few very supportive mentors.

While working with so many excellent individuals is definitely a plus, in my 10 years in this field, I have never had a Black manager, mentor, or client. When I go to meetings and conferences, I always look for other Black faces. When I read newsletters and publications, I commonly scan the pages to see if there is anyone that looks like me. At one point in my career, I interviewed with a large, national commercial real estate firm with offices in San Diego. While waiting in the lobby for my interview, I looked at a photo of the company’s executive leadership. I was struck by the fact that there was not one Black face in the group! In fact, I can count on one hand the number of Black real estate decision makers that I have met through my day-to-day real estate dealings over the past 10 years.

It is not a secret that the commercial real estate industry in the U.S. lacks racial diversity. In San Diego, the real estate industry even further reflects a lack of diversity in the demographics of the local population. As a Black man, I am intensely aware of the racial inequities and systemic racism in our country and, like other Black people in this country, I have experienced its effects personally. The murders of George Floyd, Ahmaud Aubrey, Breanna Taylor deeply saddened me, but the subsequent Black Lives Matter movement/protests gave me hope and reason to believe we can do better as a society.

Seeing people of all races, genders, and ages speak up and take to the streets regarding racial disparities has motivated me to think more seriously about how I can play a role in creating real and lasting change. For years, I have envisioned being a resource for young Black professionals trying to find their way, but I was unclear about how I could make a significant impact. Recently I founded a group called the Black Commercial Real Estate Network (BCREN). The mission of BCREN is to provide a community of connection, idea sharing, support, and mentorship for Black members of the commercial real estate industry. An important goal for us is to provide Black youth with an awareness of the real estate field and of professional opportunities within the industry by connecting with Black youth in schools and youth organizations. Through this group, we are working to create a network of Black professionals not only in San Diego, but across the country to provide a community of talented resources for each other and the industry at large. Being a part of this group has been an amazing opportunity to have open and honest conversations with other Black professionals within this space. We are making new connections, exploring new ideas, and collaborating on related projects. We have been in contact with several schools and universities with the intent of having a presence at career days and giving presentations online and in person.

It’s true, we face incredible challenges in today’s world. Meeting these challenges will require creative, sustainable, and flexible solutions. I believe, that like all industries, the commercial real estate industry will be better positioned to face these challenges with a diverse composition of talent, and a group of people with voices and thoughts that reflect a variety of human experiences. I have had some of the most open and honest conversations of my life these last few weeks. The fact that we, as a society, are able to have these very hard, and for many, uncomfortable conversations is truly incredible. We need to keep the conversations going and we need to create actionable steps forward. I intend to do so and now I know that there are many other people that are willing to take this journey with me. I am starting to feel more hopeful. This feels like progress.

BCREN Website