Multi-Family Apartment Complex - Acquisition Model
Originally published: 15/06/2021 07:20
Publication number: ELQ-25921-1
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Multi-Family Apartment Complex - Acquisition Model

Dynamic financial model presenting a potential acquisition of a Multi-family Apartment Complex.

General Overview

Advanced financial model presenting an acquisition scenario for a Multi-family Apartment Complex.
The main purpose of the model is to enable users to get into details of every step of a residential apartments complex operating analysis and project property asset's cash flows
The structure of the template follows Financial Modeling Best Practices principles and is fully customizable.

General Note

• The template includes Input Tabs (gold color) and Output Tabs (dark blue color)
• Formulas are in black, hard coded numbers in blue and links from other worksheets in green.
• User needs to update only the blue colored hard coded numbers
• As a general rule, try to avoid changing the formulas in the cells in the output tabs. Please contact us if you need assistance on the functionality of the template

Model Structure

Acquisition Summary
The summary tab includes all the critical information about returns and assumptions ready for a third party to review.
This page summarizes the following:
• General Info & Timing
• Acquisition, Financing and Exit Assumptions
• Risk & Return Metrics
• Year 1 Net Operating Income Breakdown
• Partnership Level Return Summary
• Market Penetration Summary
• Sensitivity Analysis
• Charts & Graphs

Cash Flow Summary
• A high level review of the entire investment cash flow, from acquisition to disposition. It includes unlevered and levered cash flows and free and clear return, cash on cash return, debt service coverage ratio, and the debt yield metrics per year

Investor Returns (Waterfall)
• A standard 4-tier IRR hurdle waterfall model to distribute proceeds between the general partner and limited partner. 

COMPS & Penetratiοn Analysis
• Includes competitive data to analyze the project against the competition with regards to occupancy, Average Monthly Rent (AMR) and Revenue per Apartment.

General Data
• Includes General Business Data as well as Revenue and Cost of Sales Drivers & Assumptions.

Revenue & COGS
• Detailed calculations of Revenue & Cost of Sales per Revenue Channel.

• Calculation of Property's Payroll per Department.

Operating Expenses
• Detailed analysis of Variable and Fixed Operating Expenses.

Capital Expenditures
• Includes assumptions of Capital Expenditures throughout the 10 Year Forecast and depreciation calculation

Detailed instructions on the use of the template are included in the Excel File

Help & Support

Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user's needs and comfort in mind.
No matter if you have no experience or you are well versed in finance, accounting and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!
If you however experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.
If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.

This Best Practice includes
1 Excel Financial Model

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Further information

Enables users to get into details of every step of a multifamily complex operating analysis and project property asset's cash flows


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