Insights
Investment
The Datum
Field notes on underwriting, the rent roll, the credit, and the difference between a pro forma and a building.
The Pro Forma and the Rent Roll
An investment priced to the pro forma rather than the rent roll will sit, and then sell below the number it rejected.
Interstate Frontage and the Industrial Buildout
Industrial at the Scott County interchanges is the tightest product in the region, and the frontage is gone before the rent.
Student Housing and the Enrollment Bet
Student housing underwrites to the admission numbers, not the rent roll, and the admission numbers move slowly then quickly.