A partner that minimizes your largest expense item, and maximizes returns for ownership
Multi-Family
Valuation
Valuing Apartments: Unique Challenges
Property Type Variability
Apartments can encompass various property types, such as multi-family buildings, condominiums, or student housing. Each type has its own unique characteristics, including unit mix, amenities, location, and target tenant demographic. Accurately assessing the value of an apartment property requires a thorough understanding of these factors.
Income Analysis
Evaluating the income generated by an apartment property is a vital component of its valuation. What income isn’t generated by the actual real estate that is secondary? Assessing rental rates, lease terms, occupancy rates, and other income-related factors requires expertise in financial analysis and a comprehensive understanding of the local rental market.
Market Factors
The rental market plays a crucial role in valuing apartment properties. Factors such as market vacancy rates, rental rates, and tenant demand directly impact property values. Staying updated with market trends and conducting thorough market research are essential for accurate valuations.
Achieving Lower Valuations: Our Approach
Comprehensive Property Analysis
Our team conducts a thorough analysis of each apartment property, considering property type, location, amenities, unit mix, rental rates, occupancy rates, and other relevant factors. This comprehensive analysis ensures an accurate valuation that reflects the property’s true worth.
Market Research & Comparative Analysis
We leverage extensive market research and perform comparative analyses of similar apartment properties in the area. By benchmarking against comparable properties and assessing their assessed values and rental rates, we advocate for fair valuations based on accurate market data.
A full life-cycle partner from acquisition to disposition
Pre-Acquisition Reports
Our team prepares tax projections for you as you are in the due diligence and underwriting period. Quick numbers, or a full report for an equity partner.
Real Estate Tax Appeals & Litigation
Our team is aggressive through the board level to achieve favorable results. We pursue and partner with you through litigation when needed.
Budget Estimates and Future Tax Projections
Our experts guide you in future tax projections, utilizing local knowledge of historical trends to help you budget going forward.
Tax Bill Audit & Check Writing Services
Full outsourcing of the check writing process is available through KEA. We paid more than $2 Billion in property taxes alone last year on behalf of clients.
Multi-family by the numbers.
apartment units under management
assets greater than $5MM in value
professionals working at KEA
Best in class software architecture for real estate appeal management
Our large, in-house software development team has built a first-class web-based application that is proprietary to KEA. This allows for portfolio tracking, immediate document downloads (notices, bills), accruals, and status tracking.
