What publications do you all use for Income and Expense Data?
I typically use BOMA and IREM, but BOMA suspended their 2021 EER due to Covid. What publication data do you all use for comparing income and expenses for offices and apartments? Expense comps only go so far.
[{"id": "h2yllmr", "text": "I work for a large GSE multifamily seller/servicer, so we have access to our own servicing book + data from loans purchased by FNMA. When you say expense comps only go so far, are you talking about reports from appraisers?", "replies": [{"id": "h2zwxms", "text": "Yes, I mean from appraisers. I'm a commercial appraiser myself, so I have a ton of expense comps for my market, yet I don't have many outside of it. When I work on properties outside of my market, I can usually get 3-4 expense comps from brokers, attorneys, etc, but I also use publication data to demonstrate that I am in-line with national and regional data from thousands of properties. It seems there isn't too many expense publications out there, or at least I can't find them.", "replies": [], "depth": 2}], "depth": 1}, {"id": "h5wie5t", "text": "This is an interesting post and curious if anyone can provide additional resources. I\u2019ve found it very difficult to pull accurate information on a buildings\u2019 income and expenses without having the owner provide the DD material. CoStar sometimes provides this property information though oftentimes I do not find it to be accurate. You can always back into a number if you know the NOI, terminal cap rate, or sale price.", "replies": [], "depth": 1}]