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The CRE Humor Jokes

Pro Forma Beach Body vs Rent Roll Reality

ricklahkar
May 18
1 min read

Expectation: 6% cap, 10-yr WALT, turnkey cash flow Reality: 4.7% cap, options galore, roof "new" (2009), CAM "estimates" Lender: send updated T-12, T-3, estoppels, SNDA, and your horoscope 🔮 Owner: "100% occupied"* *my cousin's vape startup on M2M — still wants pro forma pricing 😂

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The CRE Humor Jokes

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