Sample Reports

The work speaks in deliverables.

Anonymized, illustrative samples of what working with EM Capital looks like in practice, from a first look at a deal to an ongoing view of the market.

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In this set

Underwriting Memo

Monitoring Report

Market Outlook

Allocation Comparison

EM Capital Confidential

Underwriting Memo

Sample · 14 Pages

Live Opportunity Underwriting

"What would need to be true for this fund to earn an allocation?"

Underwriting Memo

Build-to-Rent Sponsor · Sun Belt Portfolio

A full independent underwrite: reconstructed assumptions, a stressed downside case, cap-rate sensitivity, and a one-line recommendation up top.

Independent assumption set vs. sponsor base case

Downside & break-even sensitivity tables

Adverse-selection flags and open items

Committee-ready recommendation

EM Capital Confidential

Monitoring Report

Sample · 9 Pages

Existing Holding Review

"What has changed, and what should the allocator ask or do next?"

Monitoring Report

Quarterly Position Review · Multi-Sponsor

Every position tracked against the thesis that justified it. Drift, covenant health, and sponsor performance surfaced as exceptions, not buried in a data dump.

Position-level performance vs. underwriting

Covenant & distribution health checks

Exception flags ranked by materiality

Watch-list and recommended actions

EM Capital Confidential

Allocation Comparison

Deal A

Deal B

Sample · 7 Pages

Allocation Comparison

"Given one capital pool, which option earns an allocation, and for what type of client?"

Allocation Comparison

Two Deals, One Dollar · Relative Value

When two opportunities compete for the same capital, a like-for-like comparison on sizing, portfolio fit, and risk-adjusted value.

Normalized return & risk comparison

Net-of-fee, in-dollars view (not just IRR)

Portfolio-fit and concentration analysis

Clear allocation recommendation

EM Capital Confidential

Market Outlook

SFR

Multifamily

Industrial

Data Ctrs

Sample · 11 Pages

Market Intelligence

"How should this opportunity be viewed relative to other real estate exposures?"

Market Outlook

Cross-Asset Report · Q2 2026

A cross-asset view of where returns are attractive relative to risk, so any single opportunity can be weighed against the broader market, not just its own pitch.

Sector-by-sector return vs. risk hurdle

Demand-side signal, not sponsor narrative

Where consensus looks overpriced

Context for the deal on your desk

Full Reports on Request

The best sample is your own deal.

We're happy to share full samples with qualified allocators. Even better, send us a live deal you're weighing and we'll return a decision-ready underwrite in your own context.

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Illustrative samples. EM Capital provides independent research, underwriting, and monitoring support to allocators. EM Capital does not act as a placement agent, raise capital for sponsors, solicit or offer securities, or provide legal, tax, or investment advice.

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