An out-of-state investor has hired you to put together an Offering Memorandum to

An out-of-state investor has hired you to put together an Offering Memorandum to sell a property they
own, known as Foxcroft Apartments. Your job is to complete an in-depth analysis of their income-
producing rental apartment in New Berlin, WI. Using your brokerage skills, you will conduct an analysis
of the neighborhood in which Foxcroft Apartments is located. You will compare Foxcroft to two other
properties in the neighborhood to determine the market rental rates a future buyer can charge. Using
your property management skills, you will complete a physical property description report and use the
information collected to create a 12-month operating budget to determine the property’s net operating
income. Finally, you will use your asset management skills to create a property valuation to determine
what price you will list the building for sale at. Your recommendation must be obtainable and in line
with current market conditions.