Real Estate FMV (reFMV) is a professional property valuation and investment analysis tool for investors, asset managers, developers, and real estate professionals.
Build detailed valuations, understand what drives property value, analyze investment returns, and test alternative assumptions and scenarios—all with a powerful, integrated financial modeling engine.
**VALUATION & CASH FLOW ANALYSIS**
- Build discounted cash flow (DCF) valuations using a monthly calculation engine.
- Model existing properties, development, redevelopment, lease-up, and stabilization.
- Forecast rental income, operating expenses, NOI, capital expenditures, and disposal proceeds.
- Analyze monthly, quarterly, and annual cash flows.
- Test discount rates, exit cap rates, rental growth, vacancy, and other valuation assumptions.
- Compare scenarios and understand how changes affect property value.
**AI-ASSISTED VALUATION & REVIEW**
- Use ChatGPT, Claude, or another compatible AI assistant to extract property information from offering memoranda, appraisals, rent rolls, Excel models, and other documents.
- Generate structured valuation files for direct import into reFMV.
- Update existing valuations using new documents or written instructions.
- Review source information, missing data, conflicting inputs, and proposed assumptions.
- Export valuation information for AI-assisted review and analysis.
AI processing takes place through your chosen external AI service. reFMV provides the import/export tools and performs valuation calculations using its own financial engine. AI-generated information must be verified before use.
**DETAILED LEASING & PROPERTY OPERATIONS**
- Model office, residential, retail, logistics, and mixed-use properties.
- Build detailed tenant-level lease schedules with rents, areas, lease dates, and concessions.
- Analyze lease expirations, renewals, occupancy, and leasing assumptions.
- Model rent growth, lease rollover, and stabilization.
- Include parking, storage, and additional revenue sources.
**DEBT, DEVELOPMENT & INVESTMENT RETURNS**
- Model acquisition, existing, construction, and refinancing debt.
- Analyze loan draws, interest, amortization, repayments, and financing costs.
- Include development expenditures and historical capital investments.
- Calculate unlevered and leveraged IRR, equity multiple, and investment returns.
- Analyze joint venture structures, partner contributions, distributions, and returns.
**SCENARIOS, REPORTS & VALUATION MANAGEMENT**
- Organize valuations by company, asset, and valuation period.
- Roll forward existing valuations and update assumptions.
- Explore sensitivities and compare investment scenarios.
- Review detailed financial statements, valuation results, and cash flow projections.
- Export professional reports and financial analyses to PDF and Excel.
**IMPORTANT DISCLAIMER**
reFMV is an analytical and educational decision-support tool intended to help users understand valuation methodologies, review financial information, test assumptions, and compare investment scenarios.
reFMV is NOT a professional appraisal, independent valuation opinion, or certification of fair market value. It does NOT replace an independent appraisal, the user's own financial model or due diligence, or the services of a qualified professional.
All results are model-based estimates, not verified market values or predictions of future performance. Results depend on the accuracy and completeness of source information, user inputs, and assumptions and may differ materially from actual outcomes.
Users must independently verify all inputs and outputs, including AI-generated information, and obtain appropriate professional advice before making investment, lending, accounting, tax, or legal decisions. reFMV does not provide such advice.
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