Nicholas Solo | Colliers International | Phoenix

Nicholas Solo

Financial Analyst

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About

Professional Summary

As the financial analyst for the Cooke Multifamily Team with Collliers International, I analyze and underwrite each property’s financial performance, breaking down and evaluating the rent roll and trailing 12-month P&L statement to determine valuation.

The Cooke Multifamily Team specializes in Class A and B multifamily investments nationwide. Our top-producing team includes Cindy Cooke, Brad Cooke, Chris Roach, Matt Roach, Thomas Brophy, Aimee Healy and Kellyanne Kennedy.

I collect and review property operating data and prepare detailed property analyses for investment evaluation, and create financial models to support and guide acquisition and disposition decisions. I evaluate opportunities to improve the financial performance of assets, such as renovations, expense reduction, operational efficiencies and raising rents. My tailored approach helps maximize investor value.

Through in-depth analysis of sales and rent comps, demographics, and historical financial statements, I gauge the feasibility of investments. I also provide support for return on investment decisions, including IRR, cash-on-cash and equity multiple calculations, and stay current on financial markets and financing options.

A consummate professional, I pride myself on being thorough, analytical and detail-oriented, and am committed to delivering results with the highest degree accuracy. I bring more than five years of multifamily real estate experience, with three years of underwriting and business development and two years of property management.

Prior to joining Colliers, I served as a business development consultant for Grand Peaks in Bogota, Colombia. Headquartered in Denver. Grand Peaks delivers a comprehensive range of multifamily real estate services. I played a key role in establishing Grand Peaks’ first Latin American office in Bogota, as well as developing a local management company named AUNA. I was responsible for day-to-day operations and managing the local team.

As the business development consultant, I underwrote and analyzed potential projects, inspected financial documents, and performed physical due diligence and inspection of potential acquisitions. I sourced and structured new projects, monitored and analyzed key demographic and economic trends, and compiled weekly and monthly financial and construction reports.

The Bogota office built 6,000 square meters of mixed-use for sale condos and structured and implemented a logistics project with more than 25,000 square meters of industrial, office and commercial space.

Previously, I served as an assistant community manager and leasing consultant for Grand Peaks, Greenwood Village in Colorado.

Accomplishments

  • 2019 - Member of the #2 Top Team, Colliers | Arizona
  • Key role in establishing the first Latin American office for Grand Peaks in Bogota, Colombia

Education

  • Bachelor of Science, Business Administration, Colorado State University

Services

Skills
Financial Analysis
Property Types
Multifamily

My Team

My Team

Featured Research
Jul 20, 2020
2020 Q2 Phoenix MSA Multifamily Review
Despite the expected, overall minimal contractions in quarter-over-quarter readings due to Covid, the Phoenix MSA continued to lead the nation in y/y rent growth, rising 5.4 percent to $1,233, nearly five times higher growth rate than the national average of 0.7 percent.
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Apr 30, 2020
2020 Q1 Phoenix MSA Multifamily Review
Phoenix MSA led the nation in rent growth rising 8.1 percent y/y to $1,235. Occupancy rates continue to remain elevated at 95.1% despite decreasing 40bps over-the-year. Approx. 1,400 units came online over Q1. Given the current construction rate, 2020 should prove to be the highest delivery amount since 2009.
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Feb 13, 2020
Year End 2019 Phoenix MSA Multifamily Review
Phoenix MSA continues to lead the nation in rent growth, rising 9% y/y to $1,185, still well below the national average rent of $1,415. More than 8,700 units came online during 2019. Given the current construction rate, 2020 should prove to be the highest delivery amount since 2009’s 9,315-units.
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Featured News
Feb 24, 2020
Bascom Arizona Ventures buys Dolce Villagio townhome community in Tempe
Bascom Arizona Ventures, LLC, purchased the Dolce Villagio rental townhome community at 202 S. Hardy Drive in Tempe, Arizona for $11.5 million, with plans to modernize and reposition the property. Chris Roach, Matt Roach and Brad Cooke with Colliers in Arizona negotiated the sale.
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Jan 24, 2020
Colliers International sells Union at Roosevelt to Chicago investor
Union @ Roosevelt, a recently developed mixed-use project in the Roosevelt Row district of downtown Phoenix, was sold to a Chicago-based investor for $27 million. Located at 888 N. 1st Avenue, features 80 luxury mid-rise apartments, with 9,100 SF of ground floor retail space and 28,000 SF of land.
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