Burdock Advisory | Real Estate Advisory

How we work

Analytical support across the full real estate lifecycle.

Underwriting and analysis behind any real estate decision.

Investment analysis

Rigorous financial modelling and return analysis across prospective acquisitions and investment opportunities, from initial screening to full underwriting, built to institutional standards.

Examples: acquisition underwriting, quick-look screening, return modelling, bid and offer support.

Asset strategy

Independent analytical support for owners navigating complex asset decisions: hold, sell, refinance, reposition. Grounded in the numbers, not assumptions.

Examples: problem asset triage, portfolio review, repositioning options, hold/sell analysis.

Development and capital projects

Feasibility analysis and pro forma modelling for development, redevelopment, and major capital expenditure. Clarity on whether a project makes sense before committing capital.

Examples: redevelopment analysis, highest-and-best-use studies, capex feasibility, development pro forma.

Capital and financing

Analytical support across the capital stack, prepared to the standard that institutional lenders and equity partners expect.

Examples: debt sizing, capital structure analysis, investment memos, LP and lender materials.

Engagement

Flexible by design.

Work is structured around what the situation actually calls for, not a fixed package.

Project-based

For one-off acquisitions, decisions, or analyzes. Defined scope, defined output, engaged for as long as the work requires.

Retainer-based

For owners, investors, and advisory firms with ongoing analytical needs. A standing resource without the cost of a full-time hire.

Flexible scope

From a quick-look screen on a single deal to a full investment-grade underwriting package. The depth matches the decision.

Background

Institutional rigor. Without the institutional cost.

Institutional real estate platforms maintain full analytical teams because the underwriting, modelling, and capital work behind every decision is too consequential to leave to assumption. Most owners, investors, and advisory firms outside those platforms don't have that team, and don't need one full-time. Burdock Advisory exists to close that specific gap.

Based in Panama City, Panama, Burdock Advisory operates with a significantly lower cost base than major North American advisory firms. That structural advantage passes directly to clients: the same institutional-calibre analysis, at a fraction of what a comparable engagement would otherwise cost. The credentials are the same. The rigor is the same. What changes is the overhead.

Focus

Commercial real estate

Approach

Underwriting · Analysis · Strategy

Engagement

Project or retainer

Founder

Matthew Litwin-Davies

Matthew Litwin-Davies founded Burdock Advisory after building his career underwriting and analyzing institutional real estate at Colliers, Brookfield, and Fengate Asset Management. His work has included acquisition underwriting, portfolio-level financial analysis, and development feasibility modelling, alongside capital markets and LP capital formation experience. He holds an MSc in Real Estate from Bayes Business School.

Burdock Advisory exists to bring that same standard of analytical rigor directly to owners, investors, and advisory firms who don't have in-house support, project by project or on retainer.

Education

MSc Real Estate, Bayes Business School

Institutional rigor.
Without the institutional overhead.

Analytical support across the full real estate lifecycle.

Flexible by design.

Institutional rigor. Without the institutional cost.

Matthew Litwin-Davies

If underwriting, analysis, or modelling is part of how your business runs, Burdock Advisory can help. Get in touch to discuss how we can work together.