Underwrite Real Estate like an Analyst

Get a custom model built for your deal: https://www.alkaline-advisors.com/ask... Want to know how real estate analysts underwrite projects? This is the process. Spencer Correnti (Founder & CEO of Alkaline Advisors) and Jessy Gendelman (Partner) walk through the 5 steps analysts use on engagements, then underwrite a 352-unit value-add multifamily acquisition live in Excel. What You'll Learn: ✓ 5 steps an analyst walks through ✓ How to scope a deal and set client expectations ✓ How to read an offering memorandum, rent roll and T12 ✓ Mark-to-market rents and multifamily operating expenses ✓ Back-of-envelope underwriting: sources & uses, debt, exit ✓ Return metrics: IRR, equity multiple, cash-on-cash and DSCR Perfect For: Students exploring finance/real estate careers Aspiring and junior real estate analysts Multifamily investors evaluating value-add deals Anyone preparing for a real estate finance interview Timestamps: 00:00 Intro 01:22 The 5 Steps to Analysis 13:15 Pitching & Scoping 27:00 Parts of the Analysis 36:49 Multifamily Underwriting 55:55 Sources, Debt & Returns #RealEstate #CommercialRealEstate #Multifamily #RealEstateAnalysis #FinancialModeling #CareerAdvice #RealEstateInvesting