Case Studies
Proven
Outcomes
Real re-underwrites across asset classes — what the listing claimed, what the numbers actually showed, and the verdict we returned.
Case Studies
Proven
Outcomes
Real re-underwrites across asset classes — what the listing claimed, what the numbers actually showed, and the verdict we returned.
Case Studies
Proven
Outcomes
Real re-underwrites across asset classes — what the listing claimed, what the numbers actually showed, and the verdict we returned.
Industrial
Cap Rate
Walk Away
Saguaro Ridge Commerce Park
A 6,200 SF industrial flex deal where the marketed cap rate didn’t survive contact with real expenses.
2.25%
Cap rate overstatement found.
$44K
Annual NOI overstated.
Industrial
Cap Rate
Walk Away
Saguaro Ridge Commerce Park
A 6,200 SF industrial flex deal where the marketed cap rate didn’t survive contact with real expenses.
2.25%
Cap rate overstatement found.
$44K
Annual NOI overstated.
Industrial
Cap Rate
Walk Away
Saguaro Ridge Commerce Park
A 6,200 SF industrial flex deal where the marketed cap rate didn’t survive contact with real expenses.
2.25%
Cap rate overstatement found.
$44K
Annual NOI overstated.
Multifamily
Debt
Conditional
Elmwood Terrace Apartments
A 120-unit value-add where the bridge-loan exit assumptions hid most of the risk.
3
Debt scenarios modeled.
180bps
Rate cushion required to clear.
Multifamily
Debt
Conditional
Elmwood Terrace Apartments
A 120-unit value-add where the bridge-loan exit assumptions hid most of the risk.
3
Debt scenarios modeled.
180bps
Rate cushion required to clear.
Multifamily
Debt
Conditional
Elmwood Terrace Apartments
A 120-unit value-add where the bridge-loan exit assumptions hid most of the risk.
3
Debt scenarios modeled.
180bps
Rate cushion required to clear.
Retail
Rent Roll
Proceed
Northgate Crossing Retail
A multi-tenant retail strip where the rent roll didn’t match public lease records.
2
Overstated lease terms found.
Proceed
Verdict after re-pricing.
Retail
Rent Roll
Proceed
Northgate Crossing Retail
A multi-tenant retail strip where the rent roll didn’t match public lease records.
2
Overstated lease terms found.
Proceed
Verdict after re-pricing.
Retail
Rent Roll
Proceed
Northgate Crossing Retail
A multi-tenant retail strip where the rent roll didn’t match public lease records.
2
Overstated lease terms found.
Proceed
Verdict after re-pricing.
Office
Vacancy
Walk Away
Halston Office Center
A small suburban medical-office building where the vacancy and TI assumptions were far too optimistic.
12%
Vacancy understated.
Walk Away
Final verdict.
Office
Vacancy
Walk Away
Halston Office Center
A small suburban medical-office building where the vacancy and TI assumptions were far too optimistic.
12%
Vacancy understated.
Walk Away
Final verdict.
Office
Vacancy
Walk Away
Halston Office Center
A small suburban medical-office building where the vacancy and TI assumptions were far too optimistic.
12%
Vacancy understated.
Walk Away
Final verdict.