Solutions · Funds & REITs

Underwrite opportunities at portfolio scale.

Your pipeline is bigger than your analyst hours. UnlockLand screens development and value-add deals across markets, applies your assumptions consistently, and surfaces highest-and-best-use — so capital moves to the right opportunities, faster.

Investment team meeting in a glass-walled boardroom
Pipeline value
$2.4B
Sites screened
1,842
Wtd. avg IRR
18.7%
Acquisitions Cockpit · Fund IV 1,842 SITES SCREENED
Pipeline value
$2.4B
Wtd. avg IRR
18.7%
Clears hurdle
214 deals
Deployed
64%
Pipeline board by stage
Screening128
Sun Belt resi
42 sites · IRR 17.4%
Infill TOD
31 sites · IRR 19.1%
Underwriting57
Riverside BTR
$84M · IRR 21.0%
Midtown MF
$61M · IRR 18.3%
IC ready9
Harbor Point
$112M · IRR 22.6%
Alder Yards
$78M · IRR 20.4%
Allocation by strategy
Ground-up 42% Value-add 28% Core-plus 18% Land bank 12%
Top scored · highest & best use
94
Harbor Point
Mixed-use · 22.6% IRR
$112M
90
Riverside BTR
Build-to-rent · 21.0% IRR
$84M
87
Alder Yards
Value-add · 20.4% IRR
$78M
78
Midtown MF
Core-plus · 18.3% IRR
$61M
Build IC memo

Illustrative interface — your entire pipeline underwritten on one set of assumptions.

The problem

Deal flow scales. Underwriting capacity doesn't.

Analysts can only model a handful of deals a week, so most of the pipeline gets screened on gut feel — and good opportunities slip past.

Every associate underwrites a little differently, so assumptions drift between deals and committee can’t compare them apples-to-apples.

By the time a value-add or development play is fully underwritten, the seller has moved on or the basis no longer works.

How UnlockLand helps

Institutional underwriting, run at the speed of your pipeline.

1
Screen the whole market

Run development and value-add scenarios across entire submarkets at once, so your team spends its hours on the deals that actually clear your hurdle.

2
Standardize every assumption

Lock in shared cost, density, and return assumptions so every deal is underwritten the same way — and committee can compare them with confidence.

3
Surface highest-and-best-use

See the most valuable buildable program for each parcel under current zoning, so you reprice land on upside others miss.

4
Move faster to IC

Turn a sourced opportunity into a structured, defensible underwrite with the outputs your investment committee needs to decide.

How it works

From sourcing to investment committee in three steps.

STEP 1
Define your box

Set your markets, return thresholds, and underwriting assumptions once, as a reusable standard across the fund.

STEP 2
Screen at scale

UnlockLand runs every parcel and asset against your box, ranking opportunities by highest-and-best-use and projected return.

STEP 3
Underwrite and present

Take the top opportunities into a full underwrite and export IC-ready outputs to move from sourcing to decision.

See the risk, not just the return

Where the portfolio is concentrated.

Risk heatmap · market × strategy $ exposure
Ground-up Value-add Core-plus Land Sun Belt $420M $210M $96M $44M Mountain W. $188M $102M $58M $12M Northeast $74M $166M $88M $8M
Lower exposure Higher
Concentration flags
Sun Belt ground-up
28% of fund · cap 25%
Single-sponsor exposure
3 deals · monitor
Vintage diversification
Spread across 4 years
Portfolio risk gradeBBB+
Blended across leverage, market & execution risk
Built for funds & REITs · Enterprise

Run your whole pipeline on Enterprise.

Enterprise gives your acquisitions team bulk screening, shared assumption libraries, role-based access, and IC-ready outputs across every market you cover — with the support and security an institution expects.

Put more of your pipeline to work.

Standardize how you underwrite, screen more deals than your team ever could by hand, and bring committee the ones that matter.