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What IRR Can Hide in a Multifamily Investment
Two private multifamily equity pitch decks land in the same week. Both print a projected levered IRR (internal rate of return) of about 15%. The summary slides look interchangeable. If you are a limited partner (LP) reading for the first time, or an owner comparing sponsors, that matching number can feel like permission to stop…
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How to Evaluate a Multifamily Sponsor Without Relying on the Pitch Deck
The deck arrives on a Thursday night with slide three circled: a projected internal rate of return (IRR) in a tidy band, a renovation schedule that looks orderly, and a track-record table that looks long. If you are a passive limited partner (LP) reading that packet, those numbers can feel like the hard work is…
