15 October

Making Land Offers

What Is Preliminary Underwriting?
We like to think of “underwriting” as the analysis and vetting of a prospective project – all the backroom work that needs to be completed before hefty sums of money and time are invested in

03 September

Financial Analysis

Purpose of Cash Flows?
Having started my career as a financial analyst, I ran a lot of pro forma models and most were “static” one-pagers.  And by static, we are generally talking about revenue and cost projections, but absent

04 July

Land Analysis

What Does “Land Residual” Mean?
During the land acquisition process or in the financial analysis, “land residual” is a commonly heard term.  In essence, the land residual is tantamount to meaning the as-is value of the land in its

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