Multifamily Properties

MF-1. Understanding Multifamily Operating Statements

MF-2. Multifamily Operating Statement Trend Analysis

MF-3. Understanding Multifamily Rent Rolls

What is a multifamily property operating statement? Why is it important? What are the key components of the statement? How is it used to estimate a multifamily property's value?

What can a multifamily property operating statement tell us about a property's "story?" How do CRE professionals use the statement to identify issues and/or opportunities at the property? How does the operating statement analysis tell us which questions we should be asking?

What information should be on a multifamily rent roll? What does that information tell us about the property's unit mix, tenant base, the anticipated rollover of tenants going forward, and leasing and rental rate trends at the property? How does it tie into the underwriting of the coming year's cashflows for the property?

MF-4. Multifamily Underwriting Basics (Assembling the Puzzle)

Now that we have learned what a multifamily operating statement is, what information it should contain, and trend analysis basics, along with understanding basic rent rolls, what other factors generally must be considered in our projections for the coming year's operating statement (Budget)? Where do our projected numbers come from?

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CRE Education

NOTE: Courses in each asset type section are numbered in suggested order of completion as one course builds upon the previous

Hotel Properties

What is a hotel property operating statement? Why is it important? What are the key components of the statement? Which reported data lines are unique to hotels? How is the operating statement used to estimate a hotel property's value?

H-1. Understanding Hotel Operating Statements