Ground your exit cap in recent sales before you underwrite

For Acquisition & investment teams · also Lenders & debt funds

Find comps for [address] ([asset type], [size]). Then underwrite this: [address] at [asking price] from the attached T-12 over [number] years, taking the exit cap rate from those comps. What is the return and is the entry price right?

You give

The address; the asset type; the size; the T-12; the asking price; the hold period in years

You get

Comparable sales with adjustments and the resulting range, in the assistant

Then

Underwriting — ask for it in the same conversation once step 1 is done