For acquisitions and asset management teams

Run your entire
acquisitions operation from one place.

Rook finds on- and off-market deals, underwrites them autonomously in your own model, and keeps your asset management on plan.

Get Started See how it works

Director of Acquisitions

Finds deals before they list, on market and off

3 this week

Marrow Creek ApartmentsReady
Off-market. Debt matures in 3 months. Owner has held 11 years.
17.4%
IRR
Ellinger RowUnderwriting
On-market. Listed today by Wexley Partners. Offers due in 3 weeks.
15.8%
IRR
Corbin HollowScreening
Off-market. Tax delinquency filed in March. No listing.
16.2%
IRR

1 deal ready to pursue

Asset Manager

Holds every asset to the plan you bought it on

1 off plan

Alderwyn FlatsOff plan
NOI under plan. Repairs and concessions explain it.
-4.1%
NOI
Windermere CourtOn plan
Q4 distribution going out as underwritten.
$184K
Q4 dist.
Thackery MillWatch
12 leases expire in 60 days. Renewals drafted at market.
12
leases

Alderwyn Flats needs you. Cause found.

Hire Rook as your deal screener, underwriter, IC analyst, asset manager.

Book a call

Marrow Creek Apartments

3 agents in the room

You 9:02 AM
@Director of Acquisitions anything new in Fallbrook this week?
Director of AcquisitionsAgent9:03 AM
One. Marrow Creek Apartments, 226 units, not listed. The debt matures in 3 months and the owner has held for 11 years. I have his number.
- Loan summary.pdfGoogle Drive
- Ownership record.pdfGoogle Drive
You 9:05 AM
Get his numbers. @Senior Analyst run it in our model when they land.
Senior AnalystAgent9:41 AM
Underwritten in your model from the T-12 and rent roll he sent. In-place rent is $1,284 against $1,410 at your comps. Levered IRR 17.4% at his ask.
- T-12.xlsxGmail
- Rent roll.pdfGmail
- Rent comps.xlsxSnowflake
- Marrow Creek model.xlsxDropbox
You 9:48 AM
Good. @Acquisitions Associate take it to Thursday's committee.
Acquisitions AssociateAgent10:02 AM
Memo drafted from the finished model: the returns, the three risks I found, and the owner's number. It is in the deal room, and the figures are in the warehouse for Thursday's dashboard.
- Deal figuresSnowflake
Marrow Creek IC memo.docx
9 pages·Dropbox

Works with 50+ integrations

Director of AcquisitionsFound an off-market deal in Fallbrook
Acquisitions ManagerNew listing in Brixton fits your buy box
Acquisitions AnalystPassed 2 deals, killed 5
Senior AnalystMarrow Creek underwritten in your model
Acquisitions AssociateMarrow Creek is ready to pursue
Director of AcquisitionsOwner in Marden filed a tax delinquency
Director of AcquisitionsFound an off-market deal in Fallbrook
Acquisitions ManagerNew listing in Brixton fits your buy box
Acquisitions AnalystPassed 2 deals, killed 5
Senior AnalystMarrow Creek underwritten in your model
Acquisitions AssociateMarrow Creek is ready to pursue
Director of AcquisitionsOwner in Marden filed a tax delinquency

Asset ManagerAlderwyn Flats NOI 4.1% under plan
Leasing Manager12 leases expire in 60 days
Investor Relations ManagerQ3 investor update drafted
Asset ManagerWindermere Court on plan for October
Leasing ManagerIn-place rents $85 under the comps
Investor Relations ManagerLender report sent
Asset ManagerAlderwyn Flats NOI 4.1% under plan
Leasing Manager12 leases expire in 60 days
Investor Relations ManagerQ3 investor update drafted
Asset ManagerWindermere Court on plan for October
Leasing ManagerIn-place rents $85 under the comps
Investor Relations ManagerLender report sent

A team, not a tool

From the whole market to the day you sell.

Findsthe deal.

On and off market, before anyone else.

Rook reads loan maturities and ownership records to reach owners before they list, and every listing the day it goes up.

Marrow Creek Apartments

Debt maturity · 3 moOff-market · 226 units · held 11 yrs

Director of Acquisitions

Owner reached Data room

Senior Analyst

Marrow_Creek.xlsxfilled

17.4%IRR, your modelReady to pursue

Underwrites itin your own Excel.

Read from the OM, T-12 and rent roll.

Every input lands in your model with its source. Market data and comps filled in, your firm's assumptions applied, not ours.

Vellmoor_Park_pro_forma.xlsx

HowTook NOI $1,716,000 from the T-12, grew rent 3%/yr, sold at a 6.00% cap in month 60, then the IRR of the levered cash flows: −$11.3M in, $1.4M/yr, $14.8M at sale.

B8=IRR(CF!C8:C68)

ABC

1Deal summary
2Purchase price$31,200,000Assumptions
3Units184Rent Roll
4T-12 NOI$1,716,000T-12
5In-place rent$1,412Rent Roll
6Market rent$1,545Comps
7Exit cap rate6.00%Assumptions
8Levered IRR16.8%Cash Flow
9Equity multiple1.92xCash Flow

SummaryRent RollT-12AssumptionsCash Flow

Keeps every asseton plan.

From the day you close to the day you sell.

Rook holds each asset to its underwriting: the month closed, NOI misses explained, leases flagged early, investor updates drafted.

Asset Manager7:50 AM

Ahead of plan. I'd sell in month 38.

Exit caseBexley Commons

19.2%+1.8 pts vs holding

Levered IRR, sold in month 38 rather than 60

Month 24Month 60

Why now · NOI +2.4% · Caps −25 bps · 3 buyers circling

Get Started

Your Excel, not ours

Your model, filled from the data room. Then change it in a sentence.

Marrow_Creek_pro_forma.xlsxA1 · Empty cell

MatchedSuggestedAssumptionFormula

A1 fx

ABCDEFGHIJKL

1Marrow Creek ApartmentsAcquisition summary · Sep 2026

22200 Marrow Creek Rd, Fallbrook, CA214 units · 186,400 RSF · Built 1998

4Sources & uses

5Uses$% totalSources$% total

6Purchase price38,500,00092.2%Senior loan27,141,56365.0%

7Renovation budget1,740,0004.2%LP equity13,153,21831.5%

8Closing costs481,2501.2%GP co-invest1,461,4693.5%

9Acquisition fee385,0000.9%

10Working capital650,0001.6%

11Total uses41,756,250100.0%Total sources41,756,250100.0%

13OperationsT-12Year 1StabilizedPricing

14Occupancy93.4%92.0%95.0%Price / unit$179,907

15In-place rent$1,640$1,675$1,818Price / SF$207

16Eff. gross income4,177,5004,208,6004,701,800Going-in cap6.29%

17Operating expenses(1,754,600)(1,807,200)(1,917,300)Stabilized cap7.23%

18NOI2,422,9002,401,4002,784,500Rent lift / unit+$178

19NOI margin58.0%57.1%59.2%Renovation / unit$14,500

20Yield on cost5.80%5.75%6.67%

22FinancingExit & returns

23Senior loan27,141,563Hold period60 months

24Interest rate6.10%Exit cap rate5.75%

25Amortization30 yearsSale price52,916,000

26Interest-only24 monthsUnlevered IRR10.8%

27Year 1 DSCR1.45xLevered IRR17.4%

28Debt yield8.9%Equity multiple2.08x

SummaryAssumptionsUnit MixRent RollT-12 NormalizedReno BudgetDebtMonthly CFAnnual CFLP-GP SplitSensitivityComps▦−+80%

Run your entire
acquisitions operation from one place.

Hire Rook as your deal screener, underwriter, IC analyst, asset manager.

A workspace where
your team and its agents share one desk.

From the whole market to the day you sell.

Findsthe deal.

Underwrites itin your own Excel.

Keeps every asseton plan.

Your model, filled from the data room. Then change it in a sentence.

FAQ

Run your entire acquisitions operation from one place.

Hire Rook as your deal screener, underwriter, IC analyst, asset manager.Hire Rook as yourdeal screener.

A workspace where your team and its agents share one desk.

From the whole market to the day you sell.

Findsthe deal.

Underwrites itin your own Excel.

Keeps every asseton plan.

Your model, filled from the data room. Then change it in a sentence.

FAQ

Do I have to change my model or workflow?

What does Rook do beyond underwriting?

Where do the off-market deals come from?

What about on-market deals and broker emails?

What documents can it read?

Where does every number come from?

Run your entire
acquisitions operation from one place.

Hire Rook as your deal screener, underwriter, IC analyst, asset manager.

A workspace where
your team and its agents share one desk.