The total portfolio acquisition price is $108,153,437 against a total offering price of $116,607,479, representing a 4-asset portfolio across Illinois, Georgia, Pennsylvania, and Utah.
Valuation ladder
Acquisition price$108.15M
Offering price$116.61M+7.8%
Cap rate spread & load
Upfront load (all-equity)6.00%equity = offering price
Acquisition Price
$108,153,437
Offering Price
$116,607,479
Appraised Value
—
Upfront Load
—
Load on Equity
—
Load on Offering Price
6%
Acquisition Cap Rate
—
Syndicated Cap Rate
—
Premium / Discount
—
Appraisal / Offering %
—
Less Reserves %
—
Strengths
- Acquisition price of $108,153,437 secured across 4 distinct properties
- Geographic diversification across four distinct states
Concerns
- Spread between acquisition price and offering price reflects syndication load