{
  "$schema": "Deal Configuration - Core-Plus Multifamily Example",
  "$_description": "Stabilized, lower-risk core-plus acquisition. Class A, institutional-quality asset in a strong market with modest upside from common area renovations and rent bumps.",

  "dealId": "DEAL-2025-002",
  "dealName": "Willow Creek Apartments",

  "property": {
    "address": "8500 East Hampden Avenue",
    "city": "Denver",
    "state": "CO",
    "zip": "80231",
    "county": "Arapahoe",
    "propertyType": "multifamily",
    "yearBuilt": 2015,
    "totalUnits": 120,
    "totalSqFt": 132000,
    "avgUnitSqFt": 1100,
    "stories": 4,
    "buildings": 2,
    "parking": {
      "type": "garage",
      "spaces": 180
    },
    "amenities": [
      "resort-style pool",
      "state-of-the-art fitness center",
      "rooftop deck",
      "co-working lounge",
      "pet spa",
      "bike storage",
      "EV charging stations",
      "package room",
      "controlled access",
      "in-unit washer/dryer"
    ],
    "unitMix": {
      "$description": "Array of unit types with count and rent",
      "types": [
        {
          "type": "1BR/1BA",
          "count": 40,
          "avgSqFt": 825,
          "marketRent": 1850,
          "inPlaceRent": 1800
        },
        {
          "type": "2BR/2BA",
          "count": 55,
          "avgSqFt": 1150,
          "marketRent": 2350,
          "inPlaceRent": 2275
        },
        {
          "type": "3BR/2BA",
          "count": 25,
          "avgSqFt": 1450,
          "marketRent": 2900,
          "inPlaceRent": 2825
        }
      ]
    }
  },

  "financials": {
    "askingPrice": 28800000,
    "pricePerUnit": 240000,
    "currentNOI": 1584000,
    "proFormaNOI": 1728000,
    "inPlaceOccupancy": 0.96,
    "marketOccupancy": 0.95,
    "trailingT12Revenue": 3168000,
    "trailingT12Expenses": 1584000,
    "capExBudget": 150000,
    "renovationBudget": 600000,
    "estimatedClosingCosts": 432000
  },

  "financing": {
    "targetLTV": 0.65,
    "estimatedRate": 0.0525,
    "loanTerm": 10,
    "amortization": 30,
    "loanType": "Agency",
    "interestOnly": false,
    "ioPeriod": 0
  },

  "investmentStrategy": "core-plus",
  "strategyOptions": ["core", "core-plus", "value-add", "opportunistic"],
  "targetHoldPeriod": 7,
  "targetIRR": 0.12,
  "targetEquityMultiple": 1.7,
  "targetCashOnCash": 0.065,

  "seller": {
    "name": "David Richardson",
    "entity": "Mile High Residential Partners LP",
    "broker": "Amanda Clark",
    "brokerFirm": "Apex Capital Markets",
    "motivations": [
      "fund lifecycle expiration",
      "strong market conditions for disposition",
      "capital recycling into ground-up development"
    ]
  },

  "buyer": {
    "entity": "Rocky Mountain Investment Group LLC",
    "contactName": "Jennifer Park",
    "contactEmail": "jpark@example.com",
    "contactPhone": "303-555-0198"
  },

  "earnestMoney": {
    "initialDeposit": 400000,
    "initialDepositTiming": "Day 1 (PSA execution)",
    "additionalDeposit": 400000,
    "additionalDepositTiming": "DD expiration (2025-04-10)",
    "totalEarnestMoney": 800000,
    "goesHardDate": "2025-04-10"
  },

  "timeline": {
    "loiDate": "2025-02-10",
    "psaExecutionDate": "2025-02-25",
    "ddStartDate": "2025-02-25",
    "ddExpirationDate": "2025-04-10",
    "financingCommitmentDeadline": "2025-04-25",
    "closingDate": "2025-05-25",
    "extensionOptions": [
      {
        "type": "dd",
        "days": 15,
        "cost": 50000,
        "description": "Due diligence extension - 15 days for additional $50K earnest money"
      },
      {
        "type": "closing",
        "days": 15,
        "cost": 75000,
        "description": "Closing extension - 15 days for additional $75K earnest money"
      }
    ]
  },

  "keyMetrics": {
    "$_description": "Pre-calculated key metrics for quick reference.",
    "inPlaceCapRate": 0.055,
    "proFormaCapRate": 0.06,
    "grossRentMultiplier": 9.09,
    "expenseRatio": 0.50,
    "debtServiceCoverageRatio": 1.52,
    "breakEvenOccupancy": 0.78,
    "pricePerSqFt": 218.18,
    "rentPerSqFt": 2.14,
    "lossToLease": 0.032,
    "grossPotentialRent": 3192000
  },

  "notes": "Institutional-quality Class A asset in Denver's southeast suburban corridor. Built in 2015 with modern finishes and strong curb appeal. Core-plus strategy focuses on refreshing common area amenities (lobby, pool area, fitness center) and implementing RUBS (Ratio Utility Billing System) to drive NOI growth. Current owner is a closed-end fund approaching end of life, creating motivation for clean execution. Submarket fundamentals strong with 2.5% population growth, proximity to Denver Tech Center employment hub, and limited new supply pipeline. Property is 96% occupied with below-market rents on 40% of units due to legacy leases. Expect $50-75/unit rent bumps on turnover with minimal capital investment."
}
