live deals, numbers on the table
Consider a small investment group evaluating an 8 story office building for residential conversion, built in 1974, 96,000 gross square feet across eight floors of 12,000 each. The…
On a 2016-built active adult community, 168 units averaging 940 square feet, in-place average rent around $2,190, occupancy in the mid-90s, and pricing to a low-6 cap on trailing,…
Furnished corporate housing often shows the best spread on paper among the more hands off strategies. Take a market where a decent one bedroom unfurnished rents around 1,250, whil…
An RFP for two age-restricted communities under one owner, 240 units combined across roughly nine acres, is a useful case for how a single clause can flip a bid's economics. The c…
I asked to see documents on a deal a friend's family is in, mostly to practice reading them. 240 units, $34M purchase, $12M equity, five to seven year hold, $4.8M of hard costs in…
Say a local sponsor is building 22 townhomes inside a designated tract and offering a $400k second position piece at 12 percent over a three year term to an investor sitting on ro…
Take a 152 unit deal, built 1984, purchased at $18.2M with $3.1M of capex planned over about 30 months. Total equity $6.9M. Waterfall is an 8% pref, 70/30 to a 13% LP IRR, then 50…
A scenario for the room. Someone builds a disposition service for operators who put distressed high-value houses under contract and then discover they have nobody to sell them to.…
Here is a scenario worth working through. A buyer moves slowly and knows it. Two years of looking, no purchase, mostly because the small multifamily they want at the price they wa…
Consider someone building a transaction coordination and compliance file prep business aimed at small brokerages and solo brokers without admin support. Say eleven prospects were…
A spec build joint venture structured around an 8 percent preferred return, return of capital, then a 70/30 split to investors reads as a standard shape on its face. Consider a tw…
A trash-out and cleaning operator sizing up a national vendor contract is a useful scenario to work through, because the headline rate rarely tells the whole story. Say the terms…
A structure worth examining carefully: a small group of part-time wholesalers, say five members doing roughly four contracts a month between them, asks an outside party to fund ea…
A scenario worth working through. A sponsor sends a mezzanine slot behind a senior loan on a five story office in a second tier downtown. Building is 1998, about 110,000 sf, 71 pe…
Been through the PPM twice on a fund buying obsolete office for residential conversion, and I want other eyes before the next closing. The seed asset is a 1974 tower, 180,000 sf g…
Consider a wholesaler moving from assigning on their own account to getting paid for sourcing itself, working with a fund that wants 20 acquisitions in twelve months inside a defi…
Take a small striped lot, 12 spaces, sitting behind a row of five storefronts in a town of about 30,000, with the seller one of the storefront owners leaving town. Say nine spaces…
I've been an LP in five deals with the same sponsor, all one-off syndications, all fine. They're now raising a $40M value-add multifamily fund and sent me the PPM. I've read it tw…
Consider a 22,000 sf single tenant suburban office, two story, built 1998, roof replaced 2019, occupied entirely by a regional insurance back office at $14.50/sf NNN with 4.5 year…
Take a small operator running three licensed rooming houses who has spent five years having the same cleaning crew in and out four days a week on his largest building. He is 71, w…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
