United States · 240-unit garden apartments
Multifamily Development Pro Forma Template
A multifamily development pro forma brings land, construction, financing and operating income into one financial model. Explore this 240-unit garden apartment example, from ground-up development through stabilization, a five-year hold and sale.
- Garden apartment units
- 240
- Development strategy
- Ground-up
- Hold period
- 5 years
- Exit cap rate
- 5.25%
What this template models
Land and construction
Bring the site purchase and development costs into the same project model.
Development financing
Review the financing assumptions alongside the cost of delivering the apartments.
Operating income
Explore the operating income forecast for the completed rental apartments.
Hold and exit
Follow the example through a five-year hold and sale at an assumed 5.25% exit cap rate.
About this template
Can I view the multifamily template without an Aprao account?
Yes. View the template opens a public appraisal in the Aprao app. Anyone with that public link can view the example.
How do I use the template for my own project?
Aprao customers can select Use this template to create their own copy in the app, then customize the assumptions. New users can start a free trial to use the template.
Does the 5.25% exit cap rate apply to my project?
The 5.25% exit cap rate is an assumption in this example. Replace it with an assumption appropriate to your project's market, property and exit timing.