Inbox, Greenfield Capital 11:14 PM

Sunbelt Multifamily, Teaser

First round bids due tomorrow, 11:00 AM. Please find attached.

11:14 pm

The choice.

Wake the analyst. Or pass.

Voice memo to SCOUT, 0:38

Ingesting offering memorandum

Comp set, Phoenix MSA

T-12 normalization

10-year DCF, Levered IRR projection

SCOUT 7:42 AM

Greenfield underwriting, ready

IC-template memo and model attached. Tap to review.

Investment Committee, Confidential

Greenfield Capital, Sunbelt Multifamily Acquisition

Preliminary underwriting summary

1,284-unit multifamily portfolio across three Phoenix submarkets. Vintage 2014 to 2019, average occupancy 94.2%. T-12 NOI of $34.6M against asking of $612M.

Recommend advancing to second round, subject to physical inspection and rent roll audit. Underwritten in our standard 7-year hold convention with stress-tested rent growth fade.

8.4%

Going-in Cap

14.6%

Levered IRR

2.1×

Equity Multiple

To IC Chair

Cc Acquisitions Team

Subject Greenfield, ready for Friday

Recommend we go to round two.

Not a tool that replaces the work.

A team that amplifies it.

SCOUT

Trained on your deals Built for your workflow

By JDS Capital Advisors

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