Multi-Property & Portfolios
Build a single offering memorandum, sales teaser, or leasing package that covers multiple buildings — a scattered portfolio, a multi-building campus, or a land assemblage with several contiguous parcels. Each property carries its own data; the document rolls everything up.
When to use Multi-Property mode
Use Multi-Property mode whenever you're marketing more than one property under one document. Common scenarios:
- →A 3-property retail portfolio across one metro that an investor wants to buy as a package
- →A multi-building corporate office park sold as one asset
- →An apartment complex made up of multiple buildings on the same site
- →A land assemblage of 4 contiguous parcels with separate parcel IDs sold together for development
- →A mixed-use development with a Retail building, an Office building, and a Multifamily building on the same site
Multi-Property is supported on three package types: Offering Memorandum, Sales Teaser, and Leasing Package. For Sale Flyers, For Lease Flyers, and BOVs are single-property only — if you need to market a portfolio as a flyer, use a Sales Teaser instead.
Three Modes Explained
Multi-Property has two distinct modes — Multi-Building (same site) and Portfolio (scattered) — plus Land Assemblage as a special application of either. The choice drives how the cover, map, and summary pages render.
Multi-Building / Campus
Same physical site. Document uses one master address. Cover shows the campus name; the map zooms tight on the site.
Use it for
- •Corporate office park
- •Apartment complex (multiple buildings)
- •Mixed-use development
- •Medical office complex
Portfolio
Scattered locations. Each property carries its own address. Cover lists the cities; the map drops a numbered pin at each building.
Use it for
- •3 shopping centers across a metro
- •Scattered land holdings
- •Multi-state retail portfolio
- •Geographic-diversified bundle
Land Assemblage
A specialty of Multi-Building: multiple contiguous parcels with separate APNs, sold together for development. Cover label switches to "Land Assemblage".
Use it for
- •4 contiguous parcels for development
- •Outparcel + main center sold as one
- •Assemblage on a corner lot
Creation Flow
The Package step branches into a two-question mini-flow when you pick an OM, Sales Teaser, or Leasing Package — first "single or multiple?", then (if multiple) "campus or portfolio?".
- 1Single Property — One property at one address. Classic CREBuilder flow.
- 2Multiple Properties — A campus, assemblage, or portfolio. Replaces the property-type step with a Buildings step.
- 1Multi-Building / Assemblage — Same site. Office park, apartment complex, mixed-use development, contiguous land assemblage.
- 2Portfolio — Different locations. Scattered shopping centers, multi-state holdings, geographically-diversified bundles.
After picking the mode, you skip the property-type step entirely (each building picks its own property type later) and go directly to template selection. From there, the wizard editor opens with the Buildings step as the first stop.
The Buildings Step
The Buildings step is unique to multi-property docs — it's where you tell CREBuilder which properties this document covers. You add one building per property; each building captures its own address, property type, and a name.
- 1Building cards — Each card shows the building name, address, and property type. Drag the handle on the left to reorder them — building #1 becomes the lead property on the cover.
- 2Per-building property type — Click into a card to set the property type (Retail, Office/Medical, Multifamily, Industrial, Land, Hospitality, Self-Storage, Mobile Home Parks, Mixed-Use, or Net Lease). Each building can be a different type.
- 3Address lookup — When you enter the street address, CREBuilder geocodes it for the map and auto-fetches Year Built, Lot Size, Building SF, and zoning from public records.
- 4+ Add Building — Add as many buildings as you need. The wizard expands the per-building steps automatically.
Building #1 is the "hero" property. It anchors the cover photo, the first key-fact section, and the first card in the Portfolio Properties page. If one property in your portfolio is the headliner, drag it to position #1.
Per-Building Data
For multi-property docs, three wizard steps scope their data per building: Property Data, Rent Roll, and Income & Expenses. A Building Selector chip at the top of each step lets you switch between buildings.
- 1Per-building accordion — Each building from the Buildings step gets its own expandable rent-roll table. The header shows the building name, address, and a running total of SF + annual rent.
- 2Portfolio total footer — The footer at the bottom aggregates SF, annual rent, occupancy, and weighted-average metrics across every building.
- 3Independent rent-roll types — Multifamily buildings can use Unit Mix while Retail buildings stay on Unit-by-Unit. Mixed-use mode is enabled at the building level.
- 1Building Selector chip — The chip at the top jumps between buildings without leaving the step. Each building has its own Additional Income and Operating Expenses tables.
- 2Per-building NOI — Each building's NOI is calculated independently from its own rent roll + income/expenses. These per-building NOIs drive the Allocated Value Per Property on the Valuation page.
- 3Unlinked rows (legacy) — Existing docs that were converted to multi-property may have expense rows without a buildingId — those appear in an "Unlinked" section. Re-tag them to a building or leave them as portfolio-level expenses.
Property Data is per-building too: each building has its own Year Built, Lot Size, Building SF, and custom fields. The Property Summary page renders one card per building with that data.
Portfolio Output Pages
Portfolio documents render several pages that don't exist on single-property docs, plus they reshape the cover and existing pages to roll everything up.
- 1Weighted Average Cap Rate (WACR) — The aggregate cap rate across the portfolio — sum of every building's NOI divided by the total selling price. Appears on the cover, the Investment Highlights page, and the Valuation Summary.
- 2Allocated Value Per Property — A per-building breakdown showing each property's share of the total selling price, allocated proportionally to its NOI contribution.
Portfolio-exclusive pages
Per-building cards with key metrics. Comes before the Property Summary page in the rendered doc.
Drops a numbered pin at each building's coordinates with a legend mapping pins to property names. Replaces the single-property location map.
A dedicated PDF page (OMs and Sales Teasers only) with per-building columns for income, expenses, and NOI — plus a Total column at the right.
Lives on the Valuation Summary page. Breaks down how the selling price is allocated across buildings.
An aggregate cap rate that appears throughout the document — cover, exec summary, investment highlights, valuation summary.
Multi-Building docs render "Building Financial Summary"; scattered Portfolios render "Portfolio Financial Summary". Same page, contextual heading. Cover labels match: "Multi-Building Property" vs the property name list.
Land Assemblages
A land assemblage is a real-world deal type: you're selling multiple contiguous parcels with separate parcel IDs (APNs) as one combined opportunity, usually for development. The value usually comes from rezoning potential and combined size, not the sum of individual parcels — so the OM needs to tell a development story, not just a sale story.
How to set one up
- 1.Pick OM, Sales Teaser, or Leasing Package on the Package step.
- 2.Pick Multiple Properties.
- 3.Pick Multi-Building / Assemblage (same site).
- 4.On the Buildings step, add each parcel as a separate building. Set each one's property type to Land. Enter the parcel address (or use the geographic ID if it has no street address).
- 5.The cover heading switches from "Multi-Building Property" to "Land Assemblage" automatically when all buildings are Land type.
What buyers want in a Land Assemblage OM
Land buyers underwrite to Highest and Best Use (HBU) — what the property could become, not what it is today. Make sure the OM answers these questions:
- →Current zoning + entitlements per parcel. Each APN's current zoning, allowable use, density allowances. List per parcel in the Property Data step.
- →Highest and Best Use analysis. What can the combined site become? Multifamily? Mixed-use? Industrial? The combined assemblage often unlocks density that single parcels can't support alone — that's the whole reason it's assembled.
- →Rezoning path + risk. Has the seller engaged the municipality? Pre-application meetings? Comp plan supports the use? Council appetite? Buyers will not pay HBU pricing without a credible rezoning thesis.
- →Utilities, access, topography per parcel. Water, sewer, electric availability; frontage and ingress; slope and flood plain. Use the Property Data custom fields liberally.
- →State-specific parcel ID format. California uses APN; Texas uses Geographic ID; Hawaii uses TMK with CPR segment; Florida uses Folio. Use the format your county records office expects so buyers' attorneys can pull title.
Most land assemblages skip the full financial section — set Financial Scope to "Skip Financials" or "Cap Rate & NOI Only" depending on whether the deal has any income. Lean into Property Data + Maps to convey the parcel-by-parcel details, and use the Investment Highlights step to tell the HBU + rezoning story.
Dashboard & Listings
Multi-property docs surface differently in the dashboard, Documents page, and Listing Hub so you (and your team) can find them quickly.
- 1Portfolio subtitle — Where single-property docs show the address, portfolio docs show 'Multi-Property Portfolio' (or 'Multi-Building Campus' for campus docs).
- 2Building list on demand — On desktop, hover the subtitle to pop a tooltip listing every building address inside. On touch devices, open the document to see the full list. Either way, you don't have to dig into the doc to know what's in the portfolio.
- 3Type badge — Multi-property docs show the lead building's property type as the badge — but the document itself isn't locked to that type.
- 4Filter dropdown — The Property Type filter on both Dashboard and Documents pages includes a "Portfolios & Multi-Property" option that filters by the isMultiProperty flag instead of a single property type.
Listing Hub treats portfolio docs as a single listing card. The featured photo + lead building's address appear on the card; the full building list appears on the listing's detail page.
Up Next
Financial Analysis
Deep-dive into Rent Roll, Income & Expenses, Valuation, and Cash Flow — single and multi-property.