CREModels assists by developing custom models that range from easy-to-use one-page analyses on conventional apartments to complex fund-level real estate models covering low-income housing tax credit (LIHTC) or student housing assets.
Our multifamily underwriting models include detailed rent rolls and unit mix summaries; either of which can be used as inputs to derive existing net operating income. Our models are sensitive to the various expense loads that come with different multifamily architectures: garden style, hi-rise, walk-up, etc.
Delivery and absorption of units in a new apartment development drastically affect the returns of a project. CREModels recognizes this and has many methods to model dynamic absorptions and deliveries of new units.
Our multifamily models use our proprietary expense bucketing process to quickly aggregate and analyze historical operating information. This allows users to evaluate all of their assets in a consistent fashion regardless of the format and organization of the historical data being used.
- Multifamily Apartments
- Student Housing
- Military Housing
- Low Income Housing Tax Credit (LIHTC)