So who in your opinion has the best proforma?

Question

I have gone through many proformas and so far feel that RedIQ or A.CRE have the most in depth offerings. I focus mainly on Apartment Value Add deals.

Curious on your thoughts!

Nick B. · Answer

Like I said, the model is almost irrelevant. What matters are assumptions used as inputs. Things like economic vacancy, rent growth, exit cap rates, projected expenses, etc.

A model is just a formula that calculates ROI based on given inputs. It doesn't make a decision for you. You need to know how to assess and verify these inputs. That's the important part, not a fancy spreadsheet.

Chris F. · Answer

May have misunderstood. I meant in your opinion which model has the most features.

Nick B. · Answer

Proforma doesn't mean much. There is not a single deal out there that performs exactly as underwritten. It is either better or worse.

So who in your opinion has the best proforma?

3 Replies