Underwrite a joint venture buy-in before your client signs the operating agreement

For Real estate counsel · also Family offices & private investors

Underwrite this: [address] at [offer price] for the whole property, from the attached T-12 and rent roll. What is the return and is the entry price right? My client is buying a share of the partnership at that valuation.

You give

The address; the offer price (the whole-property valuation in the deal); the T-12; the rent roll

You get

Returns, NOI, cap rate, DSCR, sensitivity and a verdict on the entry price, in the assistant Often also: memo (PDF)