Kyle TranProjects · Los Angeles

Contact

Aerial view of the Cité Vivante campus south of ParisExh. 01–10

Projects
Underwriting · Systems · Interactive studies

Index

Ten exhibits in three groups: underwriting and investment cases, systems for real estate workflows, and interactive development studies.

Underwriting and investment cases

Development, acquisition, market research and valuation work from coursework and internships.

Exh. 01–05
Illustrative aerial of a Southern California distribution warehouse (AI-generated; not the subject property)Exh. 02
Underwriting · 2024

SoCal Industrial Portfolio Acquisition

Underwriting, $61.8M, two assets (2024)

$61.8M
Purchase
13.2%
LP IRR
2.27x
Equity multiple
  • $61.8M purchase; 13.2% LP IRR, 2.27x equity multiple
  • 10-year DCF with lease-by-lease rollover assumptions
  • Market comps and the debt structure behind the returns
DCFExcelMarket CompsDebt Structure
View case study
LA industrial market report coverExh. 03
Market Research · 2024

LA Industrial Market Report

Market research and acquisition evaluation (2024)

$112M
Class A facility
40 pp
Market study
  • $112M Class A distribution facility evaluated
  • Regional economics, submarket supply and demand, tenant drivers
  • Risk assessment and an investment recommendation
Market ResearchFinancial AnalysisInvestment Memo
View case study
REIT pair analysisExh. 04
Valuation · 2025

REIT Pair Analysis: REXR vs. EGP

Relative valuation of two industrial REITs (2025)

2
Industrial REITs
10-yr
DCF per REIT
  • 10-year DCF for both REITs
  • Sensitivity and stress-test scenarios
  • Entry and exit cap rate comparison
ValuationDCFREITsSensitivity
View case study
East Boston waterfront multifamilyExh. 05
Multifamily · 2024

ARA TREL Boston Multifamily

Investment committee pitch, $85M (2024)

$85M
Opportunity
200
Units
16%
Rent gap to market
  • $85M, 200-unit waterfront opportunity
  • 5-year projections and value-add plan
  • Led team research; 16% in-place rent gap to market
MultifamilyValue-AddIC Presentation
View case study

Systems for real estate workflows

Reporting and capital approval tools.

Exh. 06–08
Exh. 06 · Systems · 2026

Pro Forma Version Control

Budget-approval workbooks, prototype (2026)

4
Upload classes
2
Code paths parity-tested
  • Canonical schema with field, unit and scenario alias tables
  • Upload classification: new deal, identical re-upload, reverted, changed
  • Office Script and Node paths parity-tested so the add-in and batch jobs cannot drift
Office ScriptsPythonDataversePower Automate
View repository

Interactive development studies

Prototypes, not case studies. No figures are claimed for either; the underwriting exhibits above are the work to judge.

Exh. 09–10

Source: kyletran.dev/projects. Figures as stated in each case study.