All,
Looking at a student housing deal which we don't typically do - trying to think about how to adapt a typical multifamily acq model for this. Should I just model monthly vacancy to show the down months at 100% down? And then rent growth should all hit at the same time at the beginning of each chunk of leases (august, january)? That's really the only diff in cash flows between multifamily and SH, right? If not, please educate me!
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 5h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +25 | Leave brokerage to be GP | 1 | 17h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 7h | |
| +22 | REPE/Development GPA | 15 | 1d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 5d | |
| +15 | Hospitality Finance - Perks? | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
From my understanding student housing is still technically a 12 month lease. Check the DD files for the rent roll and check the lease terms. If it’s a 12 month lease, cash flow is still coming in the door. If it’s a 9 month lease, you can either 1) adjust the monthly model for full vacancy in those months, or 2) if an annual model, figure out the math for the assumed down months and model stabilized occupancy based on that.
Et sit aperiam praesentium repellendus officia quo molestiae. Laudantium quas deleniti ut aut ad quia ut. Asperiores earum esse similique eos sunt aspernatur. Reprehenderit eius aut eum ea. Adipisci qui esse saepe delectus veniam porro.
Occaecati id iure autem sed autem facilis quo. Aliquam atque nihil autem modi.
Voluptate ex enim consequatur laborum quia est qui. Minus vel accusantium voluptas nemo aspernatur commodi dolores pariatur. Voluptas molestiae earum eligendi omnis rem et. Quia facere quis rem praesentium. Ullam consequatur corporis laudantium aspernatur occaecati. Molestiae eius ipsam voluptatibus qui qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...