$16B+ track record.
Reporting period
All years
Every engagement completed since deal-level tracking began in January 2023.
Projects completed by year
Scope of work, timeline and pricing within 24 hours of the call.
Discuss a ProjectClient Profile
Select clients
Client type
Depth of relationship
Where the work comes from
Every engagement, grouped by how many times that client has hired us.
In their words
The Alkaline team consistently delivers high‑quality work with a turnaround time that is unmatched in the industry. The professionalism, responsiveness, and attention to detail shown throughout our collaboration have made them a trusted partner.
Tucker M, CEO, CentrePoint PropertiesFund Manager
Faced with a complex deal structure and an urgent timeline, their team delivered an advanced, fully dynamic financial model that provided deep insights across multiple forecasting scenarios. Their ability to distill complexity into a clear, actionable framework was invaluable to our decision‑making process. Alkaline is efficient, highly responsive, and a pleasure to collaborate with.
Matt B, President, Baron Property GroupDeveloper
Project Profile
All years
372 engagements · 176 clients · $890K to $1.65B project cost · January 2023 through September 2026
Project size
Project cost is recorded on 289 of 372 engagements. The balance is model infrastructure and advisory work.
Property type
Analysis type
Geographic Footprint
40 states and growing. Select a state to see transaction summaries. Deal terms and property‑level data are withheld.
5 engagements sit outside the United States, in Canada, Mexico and the United Kingdom. A further 83 carry no single address: model systems, multi-market portfolios and advisory mandates. Both are counted in every figure on this page and neither appears on the map above.
Case Studies
LIHTC Development Model Rebuild
A New York developer we had never worked with called at 11:00 PM. Their development model could not support the affordable component of the project, and they were facing a hard deadline.
We reworked the model overnight and returned a working file the next morning. It tiered each unit by AMI level and calculated restricted rents from the applicable income limits. It sized eligible basis, qualified basis, and the resulting tax credit equity. Any change to the affordability mix updated rents, credit proceeds and returns in a single pass, without rebuilding the model.
The sponsor met its deadline and has engaged us on multiple transactions since. The client also introduced us to the project's mezzanine debt investor, who became a client in their own right. We continue to work with both groups across separate deals.
Distressed Multifamily Portfolio Roll‑Up
A multifamily sponsor engaged us to value its 19‑asset portfolio and build a consolidated cash flow forecast ahead of a recapitalization. Reporting sat with two separate property managers, across thousands of general ledger line items.
We built an asset management model for each property, feeding a single portfolio roll‑up. We condensed the general ledger detail into 12 key revenue and expense lines per asset. The roll‑up showed that the high cost of preferred equity was eroding returns and that several assets were valued below basis. We re‑underwrote all 19 deals for refinance and sized the $15M to $20M required to stabilize the portfolio.
We presented at investment committee and ran scenario analysis live with the executive team. The recapitalization plan grew from 4 assets to 9.
Have a deal you’re working on?
Discuss a ProjectAdditional Services
Engagements beyond “just modeling.” We work at the property‑level, partnership‑level, and portfolio‑level, standalone or alongside in‑house teams.
Capital structuring and advisory
Debt is sized by LTV, DSCR and debt yield, with competing structures priced side by side. Templates we have built are on the models page. We stay engaged through negotiation, revising the model as terms are quoted and repriced.
Asset management and portfolio analysis
Actual performance is tracked against the original underwriting, then reforecasted on current operating data. Multiple assets roll up into one portfolio view, across separate entities, accounting systems and reporting lines.
Investor reporting and positioning
Lenders, LPs and investment committees want to see up‑to‑date figures. We create live dashboards that make reporting seamless and streamlined. Think of this page, for example.
Capital structures modeled & analyzedC‑PACE · Tax increment financing · LIHTC, 4% and 9% · Historic tax credits · New market tax credits · Opportunity zones · EB‑5 · Tax‑exempt and recycled bonds · Municipal bonds · Preferred equity · Mezzanine · Convertible notes · Bridge financing · Construction‑to‑perm · Note‑on‑note financing · Note acquisitions · Seller financing · Equity recaps · GP promote waterfalls · Deferred developer fee · Ground leases · Modular cost structures
Engage Us
Reach out to see why our clients keep coming back. We’ll respond immediately and work with you to determine the right scope, deliverables, timelines and pricing. You can also reach us through the contact page.
How we work is defined by our values.
Engagements may be structured as an upfront fee, an ongoing retainer, upside, or a mixture of the three.
Or email info@alkaline-advisors.com.