231-Unit HAP/LIHTC Valuation

A Broker Opinion of Value prepared for a prospective seller of a 231-unit, fully HAP-encumbered affordable housing property in Elgin, IL, modeled under both a 4% LIHTC preservation execution and a Mod-Rehab scenario. The complexity of presenting two distinct investor strategies - each with its own financing structure, contract rent assumptions, and return profile - required a document that could hold institutional-grade underwriting without losing the seller in it. The book had to build confidence before the process even started.

Created the submarket map highlighting surrounding corporate tenants, retail anchors, employers, and transit options, and gathered and placed notable corporate tenants along the region's primary economic corridor on a detailed secondary map set.

Designed and formatted the transit section, including stop-by-stop layout and drive-time callouts, communicating direct downtown-metro access in a format investors could scan immediately.

Standardized the team positioning section to clearly present the combined advisory approach across two collaborating teams, with updated colors and layout reflecting the team's expanded depth.

Wrote and formatted the marketing timeline in the updated branding style, fitting the full process from engagement through closing onto a single page, and structured the marketing process section to articulate the team's differentiated approach -weekly reporting, preliminary comps, a best-and-final questionnaire, and third-party report recommendations.

Gathered rent comparable data and called properties directly to obtain the information needed to build the rent stacker, supporting both scenario's contract rent increase projections with defensible comparable evidence.