https://multifamily.rediq.com/FBDemo

redIQ, New York, NY (2026)

08/17/2023

Ryan Rilee is an Associate Broker at One South Commercial, a commercial real estate brokerage. Ryan specializes in multifamily investment sales, helping buyers find assets that fit their investment thesis and portfolio.

Since his first day as a redIQ user, Ryan says the platform has become critical to his work. Deals that used to take a full day—or longer—to underwrite now take less than three hours.

Access to redIQ’s model, valuationIQ, has deepened conversations between Ryan and his clients. Together, they can quickly exchange precise thoughts about properties using the in-depth yet easily-editable model.

Request a demo to see how redIQ can elevate your teams workflow: https://buff.ly/44ckycL

08/16/2023

Deal Highlight: Harbor Group Sells 1,722 Units

redIQ would like to congratulate the team at Harbor Group International for finalizing the sale of a portfolio of six assets made up of 1,722 units.

Learn more about the deal and the greater Boston area on our website: https://buff.ly/3OYFlw5

07/26/2023

Deal Highlight: ECI Group Acquires Waterline Estero

Congratulations to the team at ECI Group for their acquisition of Waterline Estero in Estero, Florida. The 260-unit asset was purchased from Passco Companies, LLC in a deal brokered by JBM® - Institutional Multifamily Advisors®. The community has amenities including a pool, fitness center, grilling stations, and a dog park. ECI Group owns two other assets in the area.

More about growth in Estero and Lee County: https://multifamily.rediq.com/waterlineFB

06/26/2023

Deal Highlight: First National Acquires Champion Townhomes

Congratulations to the team at First National Realty Partners for their acquisition of Champion Townhomes in Davenport, Florida. The 132-unit asset features amenities including a pool, parking, in-unit laundry, and a dog park.

More about growth in Davenport and Polk County: https://multifamily.rediq.com/DHChampionFB

06/08/2023

Introducing: Portfolio Deals in Deal Accelerator™

redIQ has teamed up with Berkadia Real Estate Advisors to help you find and evaluate multifamily investment opportunities in minutes. Use Deal Accelerator™ to find properties for sale and receive property documents. Begin your evaluation right away, without leaving the redIQ platform or waiting for a response from a broker.

Now, in our latest update of Deal Accelerator™, find portfolio deals marketed by Berkadia! View assets in a given portfolio individually or as a group and assess whether they’re the right investment for you.

Try redIQ: https://multifamily.rediq.com/accelerate

05/31/2023

redIQ has teamed up with Berkadia Real Estate Advisors to help you find and evaluate multifamily deals in just a few minutes with Deal Accelerator™. View Berkadia multifamily properties for sale directly in the redIQ platform.

Found an investment you like? Sign Berkadia’s nondisclosure agreement and view property documents immediately. Just like that, you can begin underwriting.

Deal Accelerator™ saves you time by:
-Filtering deals based on your investment criteria
-Notifying you only in the format and frequency you choose
-Eliminating the traditional back and forth between sourcing a deal and receiving property documents

Upgrade your underwriting process. Try redIQ: https://buff.ly/3IDSwhz

05/30/2023

Heading to the Atlanta Middle-Market Multifamily Forum?

Be sure to check out the tech session on June 1st at 9:15 AM. Managing Director, Benjamin Beggs, will be presenting about best practices to increase efficiency & manage costs.

Meet with the team, Benjamin Beggs, Coleman Wright or Troy Larkin, to see how redIQ can transform your underwriting process.

05/24/2023

📣 New Feature Alert 📣 Proformas versus actual

Our latest major update allows users to compare a property’s actual performance to its predicted performance (proforma). By analyzing the difference between the proforma and the actual data, you’ll be able to identify possible issues with a property or with the underwriting assumptions. What’s more, the update allows for up to three proformas per property, allowing redIQ users to plan for different scenarios.

Below, we'll walk you through the process of uploading proformas and creating reports.

To upload a proforma:
1. Log in and open the deal.
2. Click "Upload" and choose a proforma option.
3. Map the line items the same way you mapped the operating statements.

To view the report:
1. Log in and open the deal.
2. Click Operating Statements -> click Cash Flows
3. On the top left corner, in the View menu, choose "proforma versus actual report" then export to Excel.

That's it! Now you can compare your estimates with actual performance.

05/24/2023

📣 New Feature Alert 📣 Proformas versus actual

Our latest major update allows users to compare a property’s actual performance to its predicted performance (proforma). By analyzing the difference between the proforma and the actual data, you’ll be able to identify possible issues with a property or with the underwriting assumptions. What’s more, the update allows for up to three proformas per property, allowing redIQ users to plan for different scenarios.

Below, we'll walk you through the process of uploading proformas and creating reports.

To upload a proforma:
1. Log in and open the deal.
2. Click "Upload" and choose a proforma option.
3. Map the line items the same way you mapped the operating statements.

To view the report:
1. Log in and open the deal.
2. Click Operating Statements -> click Cash Flows
3. On the top left corner, in the View menu, choose "proforma versus actual report" then export to Excel.

That's it! Now you can compare your estimates with actual performance.

05/12/2023

📣 New Feature Alert 📣 Proformas versus Actual Functionality

redIQ users, log in now to check it out!

~What changed?
The feature, now in Beta, allows users to compare proformas with the actual performance of a property. Upload up to three proformas for each property. View reports comparing those proformas to actual operating statements.

~What are proformas?
Proforma statements are essentially predictions. These predictions can vary based on different scenarios. Typically, the first proforma is the original underwriting. Since the calculations are predictions, they include assumptions and guesses, which can differ from actual performance.

~Why does it matter?
Comparing proformas to the actual performance allows users to flag potential issues with the property or the original underwriting. With this information, users can improve their model and make predictions that more closely align with reality.

05/11/2023

📣 New Feature Alert 📣 Below NOI Support

~What changed?
The feature, now in Beta, allows users to map line items below the net operating income. In other words, users can categorize income and expenses as operating or non-operating.

~Above versus below
Above-the-line expenses include day-to-day operating costs like labor, utilities, and maintenance. These tend to be recurring expenses. Below-the-line expenses include interest, taxes, and capital expenses. These may be recurring, like taxes or nonrecurring, like a major renovation. Similarly, on the revenue side: Operating revenue includes day-to-day income such as rent. Nonoperating revenue includes other income, such as an insurance payout.

~Net OPERATING income versus net income
Net operating income equals operating revenues minus operating expenses. Net income equals ALL revenue minus ALL expenses.

~Why does it matter?
Knowing the difference between a property’s net operating income and net income gives a more accurate picture of long-term profitability. With more information, users can make more precise investment decisions.

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