All Case Studies

Seven-year underwriting of an 18-hole daily-fee golf course in South Phoenix, evaluating phased improvements, golf and hospitality revenue, financing, and exit valuation sensitivity.

Six-year leveraged buyout analysis of KSL Capital Partners’ acquisition of Invited Clubs, examining membership growth, operating performance, debt paydown, and sponsor returns.

Five-year leveraged buyout analysis of UNRL, a fast-growing athleisure and golf lifestyle apparel brand, modeling revenue growth, margin expansion, debt paydown, and sponsor returns.

Five-year value-add underwriting of a 91-unit garden-style community in Issaquah, Washington, including a renovation program, agency financing, and investor returns.

Five-year underwriting of a 215,000 SF Class A distribution facility in Buckeye, Arizona, leased to a national 3PL on an absolute NNN basis with CMBS financing.

Underwriting case study of a multifamily complex in Phoenix, Arizona.

Five-year leveraged buyout model and investment thesis for a premium golf brand, including revenue growth, EBITDA expansion, leverage, debt paydown, IRR, and MOIC.