Advisors reviewing documents with clients
Services

Underwriting & Valuation

Institutional-grade underwriting, market analysis, and broker opinions of value supporting acquisition and disposition decisions.

Deliverables

Packages designed for sophisticated counterparties.

AI assists preparation and consistency; advisors own conclusions.

Underwriting packagesBroker opinions of valueGo-to-market valuation ranges

U.S. Commercial Real Estate Price Index

315,332
As of 2026-04-01
Index level

Source: FRED / Board of Governors of the Federal Reserve System (Z.1). Series BOGZ1FL075035503Q. Unit: Index level. Observation as of 2026-04-01. Data fetched 2026-10-30 (America/Phoenix).

We apply advanced AI across research, underwriting support, and process QA - with senior advisors accountable for recommendations. Learn more.

Interactive

Value Sensitivity Explorer

Adjust NOI and cap rate to see how indicated value shifts - and how sensitive pricing is to each input.

-

Illustrative direct capitalization for discussion only - not a valuation, appraisal, or offer.

Conference room with city views
Defensible ranges, clear assumptions
Our Approach

Underwriting that stands up to scrutiny

Buyers, lenders, and partners test every assumption. We build analysis that makes the logic visible - rent roll and lease abstraction, operating expense review, capital plan, and sensitivity across the variables that matter.

  • Lease-by-lease cash flow modeling
  • Market rent, vacancy, and expense benchmarking
  • Capital plan and TI/LC analysis
  • Return, debt, and valuation sensitivity
Deliverables

What You Receive

Underwriting Package

Cash flow, assumptions, and sensitivity in a format counterparties can follow.

Broker Opinion of Value

A reasoned value range supported by income, comparables, and market context.

Go-to-Market Range

Pricing guidance for the strategy chosen - sale, recap, or refinance.

Scenario Analysis

Downside, base, and upside cases tied to specific operating and market assumptions.

Process

How an Analysis Comes Together

  1. Collect

    Rent roll, operating statements, leases, and capital plan.

  2. Normalize

    Adjust and verify the data for underwriting.

  3. Model

    Build cash flow and test assumptions.

  4. Conclude

    Deliver ranges, sensitivities, and a clear recommendation.

Questions

Frequently Asked Questions

Is a broker opinion of value an appraisal?
No. A broker opinion of value is a market-based view of likely pricing prepared by a broker; it is not an appraisal.
What do you need to start?
A current rent roll, trailing operating statements, and basic property information are enough to begin.
Can you underwrite development or value-add?
Yes - we model the business plan, capital needs, lease-up, and exit alongside in-place performance.

Start a Conversation with a Senior Advisor

We respond directly - typically within one business day.

Contact Us (520) 600-7004