Multi-Family Acquisitions
Apartment Community Asset Purchase
Catering to the ever growing multi-family acquisitions, we offer a comprehensive approach to provide you with the most accurate depiction of the asset prior to purchase. With the specific expertise in this field our approach differs then a typical due diligence, we look where others assume. Read below how we preform a proper due diligence, that enable us to get to the true numbers that may or may not be in the rent roll, to provide our clients with a realist first year return.
Due Diligence
- Incognito Shop
- Incognito interviews with maintenance and residents
- After Hours evaluations
- After Dark Lighting walk
- market survey
- Current per square foot pricing
- Rent Scaling Outlook
- Benchmarking against competitors
- Current concession
- Suggested Capital Improvements (with construction estimates)
- Estimates for Value Add Properties
- Liaison with contractors
- In depth file analyzation and rent roll comparisons
- Renewal rate and concessions offered (current and forecasting)
- Ancillary income (currently charged and opportunities)
- Evaluate Mechanicals (HVAC, power meters, lighting, pools, & specific to location)
- Unit walks
- 18 month pricing plan
- Transition strategies
- Onboarding
- Resident Retention Stratagies
- Liability observations and recommendations to remedy
- CAP Rate adjustments
- Unique to Asset - additional services