Need help analyzing student housing 150+ unit apartment

[Sandy Pathak]

Hello BP family,

I am currently analyzing and underwriting a 150+ unit student housing deal and I need help figuring out expenses. This is my first big MF deal and I want to make sure that I am not missing anything. Here is the numbers: 

Number of unit: 150 (290 beds)

Total Revenue: $1.9 Mil

Total Expense: $1.05 Mill

NOI: 850k

 Happy to provide more details.