Build next year's budget on market rents where leases roll

For REITs & asset managers · also Owner-operators & property managers

What is the fair market rent for the [use] space at [address]? Then underwrite this at our carrying value of [asking price] from the attached T-12 and rent roll, using that market rent where leases roll. What is the return and is that value right?

You give

The address; the T-12; the rent roll; carrying value as the asking price

You get

Fair market rent, $/SF/year and per month, with the leases behind it, in the assistant

Then

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