Resources

What you are actually buying when you “buy multi-unit” “Multi-unit” is a business description, but valuation hinges on the legal and economic asset you are purchasing: a package of contractual rights and obligations that governs (a) what you are allowed to operate, (b) what you must pay, (c) how long you can operate, (d) what happens if you miss rollout targets, and (e) how you can exit. The core starting point is the franchise disclosure and contracting framework: in the U.S

Why heat maps earn a seat at the expansion table Expansion planning is usually framed as a high-level strategy question— which cities, corridors, or “next markets” should we enter? In practice, it becomes a sequencing problem under uncertainty: leadership wants confidence that the markets chosen will produce enough demand fast enough , without cannibalizing the existing network or walking into an entrenched competitor fortress. Heat maps help because they compress a messy mi

When new hotel rooms hit the market faster than demand, ADR growth stops being a safety net and starts being a projection error. This framework lays out underwriting guardrails and the market warning signs lenders use to stress-test hospitality deals.

The self-storage sector is no longer driven by demand alone. As new development accelerates across many U.S. metros, pricing power increasingly depends on supply per capita rather than household growth. This Self-Storage Saturation Index ranks major markets by inventory levels versus rent performance, exposing where oversupply is eroding margins and where structural scarcity continues to protect pricing.

Life sciences real estate has become one of the most capital-intensive and operationally complex asset classes in U.S. commercial real estate. As demand for lab-ready space continues to outpace traditional office demand in key clusters, investors face a critical feasibility decision: convert existing buildings or develop purpose-built laboratories from the ground up. This article provides a lender-grade framework to evaluate both paths, examining capex intensity, delivery tim

Introduction Car washing has evolved into a lucrative segment of the U.S. automotive services industry, now exceeding $10 billion in annual revenue. Investors and lenders are increasingly interested in car wash projects due to their cash flow potential and real estate-backed nature. However, not all car washes are created equal. Two common business models – hand wash car washes and express (automated) car washes – offer very different operational profiles and investment ch

Introduction Over 29 million square feet of office space now sits empty in San Francisco – roughly one-third of the city’s total office inventory – an unprecedented glut driven by the tech sector’s retreat. Across the country in Houston, more than 66 million square feet of offices (about 1,522 acres, or 1,153 football fields) are vacant as the Energy Capital grapples with an oil downturn layered atop the remote-work era. These stark numbers illustrate a quiet vulnerability h

I Understanding U.S. Consumer Confidence and Its Measurement Defining Consumer Confidence: U.S. consumer confidence refers to the degree of optimism or pessimism that consumers feel about the overall state of the economy and their personal financial situation. It is essentially a psychological barometer of economic health, gauging whether consumers feel secure enough to spend or inclined to hold back. The most widely cited measure is the Conference Board’s Consumer Confidenc

Introduction: The Documents Behind a Deal When a commercial bank’s credit committee meets to consider a new loan, the room often fills with paper (or its digital equivalent). There’s the business plan  – a glossy, optimistic narrative of a company’s vision. There might be a feasibility study  – a sober analysis testing whether that vision can actually pan out. And, crucially, there’s the bank’s own investment memo  (often called a credit memorandum) – an internal report disti

Medical office real estate remains one of the most defensive asset classes in U.S. commercial real estate. This 2026 Medical Office Demand Durability Tracker analyzes occupancy resilience, leasing momentum, rent growth, and regional performance across major U.S. markets. Using market-level data and a forward-looking lens, the report evaluates how demographic growth, outpatient expansion, and telehealth adoption are reshaping medical office demand.

This benchmarking brief compares Build-to-Rent and traditional multifamily underwriting in the U.S. using Loan Analytics data. It analyzes cap rate spreads, DSCR, LTV, yield-on-cost, rent growth, vacancy, and operating expense assumptions to highlight how lenders and institutional investors are pricing risk in current market conditions.

Submarkets such as Port South and the Meadowlands continue to see robust leasing activity, highlighting their strategic value and appeal for modern warehouse and distribution spaces.

An unprecedented data center boom is forcing investors to scrutinize where to build next. Our market analyst brief ranks leading U.S. metros by a “Site Readiness” scorecard – weighing power capacity, land suitability, and development pipeline – to reveal which regions can best support the next wave of hyperscale data centers.

Retail Tenant Replacement Risk is a critical issue for U.S. retail real estate owners. This comprehensive research note explores the impact of anchor store closures – from lengthy re-tenanting downtime and rent differentials to hefty capital costs, DSCR impacts, NOI hits, and property value erosion – and outlines a strategic playbook to navigate the “anchor fallout” scenario.

As office vacancies remain elevated across U.S. downtowns, office-to-residential conversions have emerged as a critical tool to address housing shortages and stabilize urban cores. This feasibility heatmap ranks major U.S. metro areas based on building-level constraints such as floorplate depth, construction vintage, and residential rent assumptions, offering policy makers, investors, and developers a data-driven framework to assess where conversions are most viable and where

The office market’s “flight-to-quality” is no longer anecdotal. This analysis quantifies the widening gap between Class A and Class B office assets across rents, occupancy, sublease availability, and leasing behavior. Using a dashboard-style comparison with emphasis on New York City, San Francisco, and Los Angeles, the report shows where quality premiums are expanding, where they are stabilizing, and what the divergence means for landlords, tenants, and investors in 2024 and

Demand for commercial real estate is surging in early 2026, propelled by a diverse set of industries. Technology, logistics, healthcare, finance, and more are leading a national rebound in leasing activity. Our Q1 2026 Scoreboard ranks the Top 10 industries driving space needs – complete with a clear table and sharp analysis for each sector. From Atlanta’s and Dallas’s leasing trends to macroeconomic drivers like AI, e-commerce, and reshoring, this briefing delivers data-rich

The CRE Overbuild Risk Index (By Metro + Asset Type) provides a structured, data-driven framework for identifying where new commercial real estate supply is most likely to outpace near- and mid-term demand across U.S. markets. By integrating construction pipeline intensity, vacancy and absorption trends, rent growth momentum, and forward-looking tenant industry demand, the index highlights metros and asset classes where overbuilding risk is elevated, stabilizing, or minimal.

“Hotel income is not ‘just rent’—underwrite it like an operating business.” Hotels are fundamentally different from apartments or office buildings. The nightly rental model means revenue resets every day, and performance swings with demand, seasonality, and management decisions. Traditional commercial real estate (CRE) valuation methods must be adjusted to account for this volatility. In this report, we connect the dots between STR metrics (industry jargon for Smith Travel R

Specialists in real estate credit risk, market forecasting, and asset-level underwriting frameworks. We support lenders with data-backed insights across mainstream and alternative U.S. real estate markets.

Rising RV ownership, expanding HOAs, and increasingly restrictive parking rules are creating a national shortage of off-site RV storage. Using the Loan Analytics RV Storage Demand Opportunity Index, this report identifies the U.S. metros and rural pockets with the highest unmet demand, quantifies the five-year outlook, and outlines strategic implications for developers, lenders, RV dealers, and municipal planners.

Prepared by the Loan Analytics Research Group, a specialized CRE analytics team focused on underwriting, valuation, and performance modeling for small-box assets. The team combines national transaction data, ancillary-income benchmarks, and regulatory insights to help lenders and investors assess NOI durability, DSCR resilience, and yield enhancement strategies across storage, RV parks, and fuel/convenience sites.

Adaptive reuse of vacant retail real estate is emerging as one of the most capital-efficient paths into the self-storage sector. As retail closures accelerate and demand for storage remains structurally resilient, investors are increasingly targeting big-box conversions to capture below-replacement-cost basis, faster delivery timelines, and earlier cash flow. This report presents a conversion scorecard—integrating market demand, building suitability, time-to-revenue.

Fuel retail is entering a decisive transition. Over the next decade, site value will be determined less by fuel throughput and more by convenience, charging infrastructure, and land optionality. Operators that modernize early—expanding non-fuel revenue and integrating EV fast charging—will preserve asset value, while those relying solely on gallons face accelerated obsolescence.