Based on the most helpful WSO content, there isn't a specific mention of an office to multifamily (MF) conversion model in the provided context. However, you might find useful resources or models related to multifamily properties in the following threads:
Model/Materials Exchange:
Larry Silverstein offers various models and reference materials, including ground-up development models and acquisition models. You might find something useful by reaching out to him for an exchange.
Self Storage and MF Models:
Flipcre is looking for self-storage and multifamily acquisition models and is willing to pay. Engaging in this thread might lead you to useful contacts or resources.
Real Estate Modelling Test Practice:
This thread discusses Excel case studies based on value-add multifamily or hotel assets. It might provide insights or templates that can be adapted for your needs.
Looking for Multifamily model with Loan Sizing Constraints:
FinancialBarn is seeking a multifamily model with loan sizing constraints. This thread might have relevant discussions or shared models that could be adapted for an office to MF conversion.
For more specific models or detailed assistance, you might consider starting a new discussion on Wall Street Oasis or reaching out to users who have shared similar interests.
We've done a couple of these at my firm (Office building to ~200 units build to rent) and I'm using this model daily for refi & AM (I'm officially in the investment team but that's a small London shop) - I don't think I can share the whole thing but I'm happy to answer questions you may have!
It's basically a dev model with a row for office income & a proper rent roll with lease-up period + tracking ERV vs. contracted
How does your shop estimate projects costs (hard & soft)? Do you underwrite to a number PSF, or do you literally ask GCs. If it's the latter, how is this feasible since you don't yet have drawings to give to a GC?
I don't see how it would be any different than a regular development model, maybe with an added line showing rental income from existing tenants before they move out. Otherwise it's fundamentally the same thing, you're just dealing with an existing structure you're modifying rather than starting from scratch, but that shouldn't impact the model.
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Based on the most helpful WSO content, there isn't a specific mention of an office to multifamily (MF) conversion model in the provided context. However, you might find useful resources or models related to multifamily properties in the following threads:
Model/Materials Exchange:
Self Storage and MF Models:
Real Estate Modelling Test Practice:
Looking for Multifamily model with Loan Sizing Constraints:
For more specific models or detailed assistance, you might consider starting a new discussion on Wall Street Oasis or reaching out to users who have shared similar interests.
Sources: We might be at the bottom in Multifamily (MF), Real Estate Modelling Test Practice, Model/Materials Exchange - Anyone have models and other stuff to trade?, Looking for Multifamily model with Loan Sizing Constraints, We might be at the bottom in Multifamily (MF)
We've done a couple of these at my firm (Office building to ~200 units build to rent) and I'm using this model daily for refi & AM (I'm officially in the investment team but that's a small London shop) - I don't think I can share the whole thing but I'm happy to answer questions you may have!
It's basically a dev model with a row for office income & a proper rent roll with lease-up period + tracking ERV vs. contracted
Can you share?
He literally said he can't share it
How does your shop estimate projects costs (hard & soft)? Do you underwrite to a number PSF, or do you literally ask GCs. If it's the latter, how is this feasible since you don't yet have drawings to give to a GC?
I don't see how it would be any different than a regular development model, maybe with an added line showing rental income from existing tenants before they move out. Otherwise it's fundamentally the same thing, you're just dealing with an existing structure you're modifying rather than starting from scratch, but that shouldn't impact the model.
Honestly the amount of people asking for the most basic models on this forum is astounding
V helpful comment right here
Rem eos aut aut amet. Ex sequi sunt illum quam earum beatae quod. Molestiae et mollitia est rerum laudantium consequatur quis aut. Iusto accusantium delectus amet alias et. Sit ut non quae eos. Laborum nam adipisci quis adipisci voluptas sunt et repellat.
Accusantium velit labore ab deleniti eos voluptas. Non voluptatem amet iure ad dicta. Dolor beatae ea labore sed.
Modi hic fugiat earum non et. Dolorum eius et aperiam tempora inventore quo neque. Dolor rerum excepturi accusamus nemo at. Dolore minima ut neque placeat quia. Adipisci dolor reiciendis commodi dolore fugit nemo non.
Explicabo impedit error sit possimus. Sit deserunt similique sit. Quo quia reiciendis dignissimos dolorum repellat quo totam.
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