The Kendall at Wynwood
ActiveTotal Cost
$42.5M
Target Close
Apr 27
Current Stage
Due Diligence
Days in Stage
12
Execution
25%
Completion
2
Done
3
In Progress
3
To Do
Key Dates
1 completed
Pinned
Notes
Spoke with CBRE broker Robert Johnson — seller is motivated, PSA inspection period extended to 45 days. Key concern: deferred maintenance on HVAC systems (est. $800K CapEx). Getting competitive bids from two contractors.
Phase I ESA came back clean — no RECs identified. Phase Environmental recommends standard monitoring protocol. Moving forward with DD checklist.
Rent roll analysis complete. 94% occupancy, avg lease term 14 months remaining. Three units below market — opportunity to push rents 8-12% on renewal. Updated proforma reflects conservative 5% bump.
Team
Marcus Rodriguez
James Mitchell
Marcus Rodriguez
Emily Park
James Wilson
Custom Fields
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Activity
James Mitchell marked "Review rent roll and tenant leases" as in progress
2h ago
James Wilson uploaded Kendall_Proforma_v3.xlsx
6h ago
James Wilson added a note about rent roll analysis
1d ago
Emily Park completed "Verify zoning entitlements"
2d ago
Marcus Rodriguez moved deal to Due Diligence
Mar 2