Build an IC case where every key assumption has its evidence

For Acquisition & investment teams · also Lenders & debt funds, REITs & asset managers

Find comps for [address] ([asset type], [size]). Then what is the fair market rent for the space at [address] — am I under-rented against the attached rent roll? Then underwrite this for our investment committee: [address] at [asking price] from the attached T-12, with the caps taken from those comps and the rents from that market rent. What is the return and is the entry price right?

You give

The address; the asset type; the size; the T-12; the rent roll; the asking price

You get

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

Then

Market Rent, then Underwriting — ask for it in the same conversation once step 1 is done