So, the question is, why are workers leaving in droves and what can employers do about it?
While the future can be notoriously difficult to predict in a fast-changing industry like electric automobiles, we think that potentially lucrative real estate markets share five characteristics …
We often come across the term institutional, but what is the actual definition? I was surprised to find there is no standard definition of institutional in commercial real estate. Yet, the distinction between institutional and non-institutional is very real and recognizable, including in the way the investment is modeled and reported.
On July 11th, 2021 UK entrepreneur, Virgin Galactic founder, and billionaire, Sir Richard Branson successfully completed the first private space flight. It lasted roughly an
What you need is a team. However, the ebbs and flows of the real estate investment business make hiring full-time employees risky.
Commercial real estate investment strategies can be broken down into four categories: Core, Core Plus, Value-Add, and Opportunistic. These terms are used by commercial real estate investors as shorthand for the risk profile, quality, location and strategy of an individual property.
The operating expense ratio, or “OER”, is a simple formula that’s easy to calculate and reveals how efficiently a property runs on a day-to-day basis.
A project’s cost is a function of the number of hours that it takes to complete it so providing an accurate estimate is critically important. Get it right and you’ll deliver within the client’s budget. Get it wrong and you risk upsetting them.
Use the following 8 tips to level up your multifamily real estate modeling!
A Ground Lease, sometimes called a Land Lease, is a long term lease whereby a property owner agrees to lease their land to an investor/developer.
If you’ve been following Bullpen’s blog for a while, you’ve probably started to notice that we’re transitioning our excel-based real estate financial models to Google Sheets.
Real estate development is like walking through a minefield with a 5-year-old map. It’s fraught with risks and unknown variables. Underwriting models do a great
Financial modeling is the most foundational skill in commercial real estate. However, the underwriting process usually involves an underwriting tool that is filled with headaches …
REO (Real Estate Owned) real estate refers to bank and angency owned properties transferred to the bank/agency due to a foreclosure or breach of lending contract.
Many believe that multifamily is the easiest of all asset classes to underwrite. While this may be true, multifamily properties have their own set of
The following blog is a compilation of teaching notes and best practices for the creation of an institutional quality real estate investor presentation from my
Site visits are a key component of due diligence and can often be overlooked. A wise buyer will dig deep on environmental hazards, ingress/egress and easements, parking, and more. These principles apply across real estate asset classes and should be considered for any acquisition.
LGIS Group offers the first patented investment-grade insurance coverage against foreclosure and deficiency loss for short term commercial real estate loans. Commercial real estate professionals
This piece is an excerpt from a recent interview with Lawrence Vo, a Bullpen freelance analyst and data center expert. In the interview, we discussed
Content is king. Commercial real estate gurus are embracing the new age of content marketing, creating impressive online followings. These content creating influencers use podcasts,
What is it? IRR, or Internal Rate of Return, is the most commonly used profitability metric in commercial real estate. Why is it so popular?
Think of a car manufacturer building a new model. Now, think about the team required: marketing, strategy, engineering, etc. In commercial real estate, the real
As a Bullpen freelance analysts, you’ll regularly meet with potential clients on the phone. During the phone interview, clients want to learn about you and
Alternative (or non-traditional) assets are important for portfolio diversification because they allow investors to distribute risk across several investments, rather than build their portfolio (and
1. Account for adequate vacancy and downtime during renovation period A rolling renovation of multifamily units creates a sustained period of vacancy in the property.
INTERNAL RATE OF RETURN (“IRR”) IRR is a return metric that considers the time value of money and the impact of re-invested distributions. It is