Built For
Apers serves institutional real estate teams across the capital stack.
By Role
Your analysts are modeling, not analyzing. Waterfall distributions, promote calculations, multi-tranche debt, and fund reporting — built for how PE real estate firms actually operate.
Compete with firms ten times your size. Institutional-quality output from a 3-person team — screen more deals, model faster, win the ones that matter.
Direct investing without a ten-person acquisitions team. Institutional-quality underwriting for co-investments, club deals, and direct acquisitions.
The analysis that wins the listing. BOV in 20 minutes, institutional-quality buyer packages, and the depth that earns repeat mandates.
Spend your time on judgment, not data entry. Go from 2 full underwritings per week to 10 — without leaving Excel.
Ground-up development, adaptive reuse, and entitlement analysis. From land basis through stabilization, every phase modeled.
Bridge, construction, and permanent debt origination. Size loans across multiple constraint metrics, model draws, track covenants.
External growth without growing G&A. FFO-accretive acquisitions underwritten against your existing models — built for public REIT CIOs and heads of acquisitions.
Hold/sell/refi decisions backed by continuous mark-to-market analysis. Actuals vs. underwriting tracking across every asset.
By Asset Class
The only AI that knows what a 4% basis calculation looks like. LIHTC 4% and 9%, tax-exempt bonds, layered capital stacks, investor pay-in schedules — modeled natively.
Garden, mid-rise, high-rise, value-add, affordable — every multifamily deal structure, modeled with the assumptions that actually matter.
Warehouse, distribution, cold storage, flex — logistics underwriting with clear heights, dock counts, and e-commerce sensitivity built in.
Lease rollover, TI/LC, expense stops, free rent — office underwriting at the tenant level, not the building level.
Anchor economics, shop tenant rollover, co-tenancy, percentage rent — retail underwriting with the complexity these deals require.
Unit mix, revenue management, ECRI, expansion CapEx — self-storage underwriting for institutional operators.
Per-bed economics, pre-lease velocity, capture rates, university demand drivers — purpose-built student housing modeled correctly.
IL, AL, memory care — acuity mix, staffing models, RIDEA vs NNN, and the operating complexity that makes senior housing different.
Retail podium, office mid-rise, residential tower — multi-use revenue streams with shared operating costs modeled correctly.