Multifamily Acquisition Underwriting and Valuation Model
Acquisition underwriting and valuation for a multifamily asset, built from an offering memorandum, appraisal report and supporting deal documents.
Date
Market
US Market
Asset type
Multifamily
Work type
CRE Valuation and Financial Modeling
01. Status
This case study is currently being prepared. The full write up, covering model structure, assumptions and outputs, will be added here soon.
02. Overview
An acquisition underwriting and valuation build for a multifamily asset, worked up from an offering memorandum, the accompanying appraisal report and other relevant deal documents. Covers rent roll and unit mix review, in-place versus market rent, operating expense build and stabilised NOI.
03. What the work covers
Multi year cash flow projection, DCF and direct capitalisation valuation, sensitivity analysis on exit cap rate and rent growth, and a comparison of modelled conclusions against the appraised value.
Illustrative model built on publicly available marketing materials, no confidential client data.