Multifamily and investment property in San Francisco
Acquisitions, sales, repositioning and leasing, evaluated with a developer's understanding of what a building is and what it could become.
Every recommendation rests on the property's own documents and condition. Asher identifies opportunity and risk, and brings in qualified specialists where the questions are legal, tax or financial.
Four situations Asher advises on
For buyers and investors
Acquiring a building
Sourcing, evaluating and negotiating the purchase of multifamily property, with a clear view of condition, income and upside before you commit.
For owners
Selling a building
Pricing and positioning built on the property's real income, condition and potential, marketed to the buyers most likely to value it.
For owners
Repositioning
Identifying improvements, renovations or changes in use that could raise a building's value, and judging whether they're worth the cost.
For owners
Holding and leasing
Leasing and operational strategy for owners who intend to keep a building, including vacancies and turnover.
How a building is underwritten
The structure Asher works through with every multifamily client. The figures are prepared for each specific property, from its own documents.
| Line | In place | After repositioning |
|---|---|---|
| Income | ||
| Gross scheduled rent | Per property | Per property |
| Vacancy and credit loss | Per property | Per property |
| Other income | Per property | Per property |
| Expenses | ||
| Operating expenses | Per property | Per property |
| Net | ||
| Net operating income | Per property | Per property |
| Value and capital | ||
| Capital expenditure | Per property | Per property |
| Price per unit, price per sq ft | Per property | Per property |
| Capitalization rate | Per property | Per property |
Nothing on this page is investment, legal or tax advice. Financial analysis is reviewed with your own advisers.
Seeing past the current presentation
Development experience makes it possible to look at a tired building and judge, realistically, what work it needs, what that work would cost, and what the result would be worth.
It works in both directions: identifying overlooked potential, and recognizing when an attractive building carries risk.
Multifamily transactions
Selected multifamily sales and acquisitions are published here once verified, with the client's permission.
Discuss a multifamily property
Whether you own a building or want to acquire one, start with the property and your objective. Asher will reply personally.
Asher McInerney, California DRE #01473144. Responsible Broker: Ground Matrix, Inc., California DRE #02041140. Legal, tax, financing and regulatory questions are referred to independent professionals.