Argus Modeling

Break-Even Occupancy

Cash-on-Cash Return

Effective Gross Income

Equity Multiple

Internal Rate of Return

Operating Expense Ratio

Operating Statement

Preferred Return

Pro Forma

Replacement Reserves

T-12

Tenant Credit Analysis

Underwriting Model

Waterfall Distribution

Sensitivity Analysis

Hurdle Rate

Catch-Up Provision

Clawback

Capital Call

Unlevered Return

Gross Potential Rent

Depreciation Recapture

Bonus Depreciation

Monte Carlo Simulation

Payback Period