We are looking at being a potential LP investor into a large ground-up industrial complex development. We like the deal based on the underwriting we performed two months ago. However, we are wondering how much we need to adjust those calculations based upon the new tariffs? How much will new construction be impacted?
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Sheri Chromow answered:
The short answer is that no one knows. Since the President's pronouncement, there has been more speculation and little specific. I assume that there will be an increase in prices and would factor that into my calculations. I would ask the GP to provide their best guess; they are in the business.