Pro-Forma Operating Projections
- Extensive local market knowledge (Priderock principals own and operate competitive properties in the immediate market).
- Extensive use of third-party research (REIS, Axiometrics, Delta, local and national brokers).
- Internal detailed market survey updated periodically during transaction execution.
- HUD determines the Mark-Up-To Market rents for an asset based on a rent comparability study. Prior to the acquisition of the property, Priderock engaged Novogradac & Co. to perform a rent comparability study for the property based on HUD guidelines. Novogradac & Co. has extensive experience working for HUD executing comparability studies. The analysis was prepared on an as-is basis and as renovated basis.