Best Practices for Monitoring Multifamily Properties Part I – Desktop Review of Financial Statements & Operating Reports

LEARNING AREA: Real Estate Development
Partner Events
Birch Island Real Estate Consulting
Online

Duration:

1 hour 30 minutes

Location

Online

Description

You recently joined Canyon Tax Credit Capital as a multifamily asset manager. Your new portfolio consists of 50 tax credit partnerships in various life cycle phases. On day one, you skimmed the portfolio summary report and noted a decline in operations at Sierra Heights Apartments, LP over the past four quarters. Yet the former asset manager had rated the property an ‘A’ in the prior quarter. Your intuition tells you something’s not right. So the question is, what financial statements and operating reports will you gather for your desk review? What story will you tell the investor in the coming quarter’s watch list report? Seasoned asset managers routinely deal with challenged properties such as Sierra Heights. But, if you’re new to multifamily housing, Best Practices Part I is for you.  

Join Vinnie Viola, principal of Birch Island Real Estate Consulting, for this 90-minute introductory-level training that gets into the weeds—that is, pick apart financial statements and reports—to troubleshoot multifamily property operations.

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