The portfolio acquisition cost is $78,128,251, with total acquisition cost including reserves reaching $81,512,240. The overall offering price is $84,900,000.
Valuation ladder
Acquisition price$84.90M
Offering price$84.90M+0.0%
Cap rate spread & load
Upfront load on offering5.00%
Load on equity7.12%
Load net of reserves-1.09%
Acquisition Price
$84,900,000
Offering Price
$84,900,000
Appraised Value
—
Upfront Load
—
Load on Equity
—
Load on Offering Price
5%
Acquisition Cap Rate
—
Syndicated Cap Rate
—
Premium / Discount
—
Appraisal / Offering %
—
Less Reserves %
—
Strengths
- Weighted-average lease term of 11.8 years
- Properties spread across 6 separate states
Concerns
- Total front-end load of 5% on offering price
- Total front-end fees of $3,387,760