200 likes | 391 Views
Investment Proposal The Acadia Arlington, Virginia. Morgan Privitte, Will Mu, Ryan Li, Robin Chen & Jennie Sohn. Introduction. Another O ption: Condominium Development. Option 3 Apartments & Condominiums. Final Recommendation. Option 2 Condominiums. Option 1 Apartments. Property.
E N D
Investment Proposal The Acadia Arlington, Virginia Morgan Privitte, Will Mu, Ryan Li, Robin Chen & Jennie Sohn
Introduction Another Option: CondominiumDevelopment Option 3 Apartments & Condominiums Final Recommendation Option 2 Condominiums Option 1 Apartments
Condominium Market Normalized Range Source: Delta Association, March 2013
Financial AnalysisOption 2: Condominium ACADIA RISK & RETURN ANALYSIS
Conclusion • Final Recommendation: • Continue with construction as planned. • File application with Arlington County to convert top 9 floors (approx. 200 units) into condos. • Create teams to market the property. • Begin to prelease the apartment units, and presell condominium units.
The Acadia Team Will Mu Financial Analyst tmu4@jhu.edu Robin Chen Financial Analyst zchen27@jhu.edu Jennie Sohn Property Consultant jsohn13@jhu.edu Ryan Li Financial Analyst fli15@jhu.edu Morgan Privitte Property Consultant mprivit2@jhu.edu