CONFIDENTIAL - INTERNAL PRE-FINANCING REVIEW

Press House - Acquisition Review

331 N Street NE, Washington DC (NoMa / Union Market) · 356 units · $110M · corrected model: 53.9% IRR / 2.4x · June 2026

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Full Review Report

Complete bundle - Briefing + Findings + Dossier + Verification Ledger (with dataroom validation + corrected model).

Model tie-out vs the primary source documents - auditing the previous analyst's work for data precision.

Individual reports

Executive Briefing

Verdict, corrected returns, ranked risks, recommendation, learning primer.

Findings Register

Severity-rated findings with $ impacts and the corrected scenario table.

Verification Ledger

Every material claim cross-checked against sources, incl. the dataroom tie-out.

Research Dossier

Asset, seller, submarket, comps, regulatory and financing intelligence.

Location & Market Research

Rents, comps + concessions, demand drivers, demographics, with map links.

Downloads

Full Report (PDF)

Print-ready copy of the bundled report.

Investment Deck (PDF)

Sponsor investment deck - updated to the corrected current numbers (53.9% IRR / 2.4x).

The underlying proforma workbook is held internally (it contains resident-level rent-roll data) and is not published here. Figures are from the independent review; tax/transfer rates verified vs DC OTR; market data from broker press.