Re-underwrite a held asset at budget time against its carrying value

For REITs & asset managers · also Owner-operators & property managers, Family offices & private investors

Underwrite this: [address] at our carrying value of [asking price], from the attached trailing T-12 and current rent roll over the next [number] years. What is the return and is that carrying value right?

You give

The address; trailing T-12; current rent roll; carrying value as the asking price; the hold period in years

You get

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