Ahwatukee Golf Club
Golf & Leisure · Value-Add
Seven-year underwriting of an 18-hole daily-fee golf course in South Phoenix, evaluating phased improvements, golf and hospitality revenue, financing, and exit valuation sensitivity.
Investment Analysis & Value Creation
Nik Wittenfeld
Finance student interested in commercial real estate, private equity, and understanding what makes investments valuable.
Currently seeking internship opportunities in commercial real estate and private equity.
“Investing in places, businesses, and experiences people care about.”
Why I Built This
I’m a junior finance student at Grand Canyon University, and I know I have a lot to learn about investing. Rather than waiting for my first internship, I’ve started building financial models, studying real acquisitions, and sharing my work here.
I built this portfolio to show what I’m learning beyond the classroom. These projects are a chance to develop my skills, explore investments that interest me, and hopefully connect with people I can learn from.
Independent Underwriting & Research
Investment Case Studies
Independent financial models exploring acquisitions, investment returns, and opportunities for value creation.
Pecos Logistics
Industrial · Net Lease
Five-year underwriting of a 215,000 SF Class A distribution facility in Buckeye, Arizona, leased to a national 3PL on an absolute NNN basis with CMBS financing.
Rise at the Northern
Multifamily Value-Add
Five-year underwriting of a 108-unit workforce multifamily community in North Phoenix with light value-add renovation program.
Vista Ridge Apartments
Multifamily Value-Add
Five-year value-add underwriting of a 91-unit garden-style community in Issaquah, Washington, including a renovation program, agency financing, and investor returns.
Invited Clubs
Private Equity · LBO
Six-year leveraged buyout analysis of KSL Capital Partners’ acquisition of Invited Clubs, examining membership growth, operating performance, debt paydown, and sponsor returns.
UNRL
Private Equity · Apparel LBO
Five-year leveraged buyout analysis of UNRL, a fast-growing athleisure and golf lifestyle apparel brand, modeling revenue growth, margin expansion, debt paydown, and sponsor returns.
Stitch Golf
Hypothetical LBO
Five-year leveraged buyout model and investment thesis for a premium golf brand, including revenue growth, EBITDA expansion, leverage, debt paydown, IRR, and MOIC.
Real Estate
Acquisitions
Private Equity
Operating Businesses
Hospitality & Leisure
Resorts, Clubs, Travel
Development
Ground-Up & Repositioning