Real Estate Development Proposal Writer

Executive Summary: The Raleigh Yards development is a $18.5M transit-adjacent mixed-use project delivering 72 apartment units and 4,000 sqft of street-level retail on an underutilized 0.8-acre infill site in downtown Raleigh. With 15% of units designated affordable, the project qualifies for city density bonuses and LIHTC consideration, enhancing both community impact and return profile. Market Justification: Downtown Raleigh multifamily vacancy sits at 4.2% with YoY rent growth of 6.1%. The site's proximity to the GoRaleigh Bus Rapid Transit corridor positions it as a premier car-optional address for the market's dominant 25–34 demographic. Projected Returns (equity investors): Targeted IRR 16.2%, equity multiple 2.1x over 5-year hold. Preferred return 8%. Development yield on cost: 6.8%.