What Is an Offering Memorandum (OM) in CRE?

An offering memorandum (OM) is a marketing document investment sales brokers prepare to market a commercial property for sale. It typically includes executive summary, property overview, tenant roster, financials, market context, and photos. Underwriters and acquisition analysts ingest OMs during screening and underwriting. AI document tools extract rent rolls, NOI, and key assumptions from OMs into models—reducing manual rekeying. OM quality and completeness affect buyer interest and pricing; software should flag missing exhibits common in institutional deals.