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Updated about 10 years ago, 10/15/2014
Where do I start when it comes to the financials for an Apartment deal?
Hi, I'm a graduate student in a master of Real Estate Development program. This semester I just started a class on how to structure a deal. I've selected a 140,514 SF apartment building totaling 153 units that's on the market now for $3,200,000. I'm working on my term sheet now but I'm not sure where to start with the financials. Could anyone give me any advice on what financial information needs to be included, what analysis need to be in the summary for equity investors, and where you think would be the best place for me to find that info. Right now I just plan on contacting the listing broker in the next day or so and I would like to have a good idea of what I need to ask for.