Real estate / method

How a case is written

Each published case is one file, one thesis, and a small set of numbers.

What belongs on the page

• Thesis - one sentence: why this asset, in this submarket, at this basis.
• Market - jobs, permits, inventory, rent comps. Local, not national.
• Numbers - basis, going-in cap or yield, hold, leverage, exit assumption.
• Break - the assumption that would have killed the deal, and whether it did.
• Again - what I would repeat, and what I would not.

Addresses can be generalized (MSA + product type) when a counterpart, lender, or resident should not be identifiable.