Projected vs actual
SampleEach deal against its plan: dates, spend, lease-up and NOI.
Sample deals and figures, as of Nov 7, 2026.
- Milestones on time
- 38.9%
- 11 late7 of 18 milestones
- Median days late
- 5
- Across 11 late milestones
- Budget variance
- +2.4%
- +$4,342,9225 deals with a budget comparison
- NOI vs plan ยท trailing twelve months
- 97.3%
- Below plan1 operating deal
- Illustrative: 200-unit multifamily development: First look
- Illustrative: 200-unit multifamily development: Letter of intent
- Illustrative: 200-unit multifamily development: Purchase agreement
- Illustrative: 200-unit multifamily development: Site control
- Illustrative: 200-unit multifamily development: Survey and Phase I
- Illustrative: 200-unit multifamily development: Due diligence
- Illustrative: 200-unit multifamily development: Entitlements and city approvals
- Illustrative: 200-unit multifamily development: Design: schematic design
- Illustrative: 200-unit multifamily development: Design: design development
- Illustrative: 200-unit multifamily development: Design: construction documents
- Illustrative: 200-unit multifamily development: GC bids
- Illustrative: 200-unit multifamily development: Loan term sheet
- Illustrative: 200-unit multifamily development: GC award and GMP contract
- Illustrative: 200-unit multifamily development: Loan commitment
- Illustrative: 200-unit multifamily development: Equity raise
- Illustrative: 200-unit multifamily development: Closing
- Cedar Lake flats: Construction complete
- Hiawatha yards: Construction complete
Aug 9, 2025As of Nov 7, 2026Oct 9, 2027
Where each deal stands against plan
- Illustrative: 200-unit multifamily development
- East Bank mill
- Wedge triangle
- Cedar Lake flats
- Hiawatha yards
- Lowry flats
- Nicollet commons
- Minnehaha lofts
| Deal | Phase | Milestones | Spend vs budget | Occupancy vs plan | NOI vs plan | Details |
|---|---|---|---|---|---|---|
| Illustrative: 200-unit multifamily development | Pre-close | 7 of 16 on timeUp to 21 days late | +$3,092,922+7.5% over | None recorded | None recorded | |
| East Bank mill | Pre-close | None recorded | +$650,000+2.2% over | None recorded | None recorded | |
| Wedge triangle | Pre-close | None recorded | -$220,000-0.9% within | None recorded | None recorded | |
| Cedar Lake flats | Construction | 0 of 1 on timeUp to 38 days late | +$820,000+1.6% over | None recorded | None recorded | |
| Hiawatha yards | Construction | 0 of 1 on timeUp to 6 days late | $00.0% within | None recorded | None recorded | |
| Lowry flats | Lease-up | None recorded | None recorded | 88.5% vs 85.0%Ahead | None recorded | |
| Nicollet commons | Lease-up | None recorded | None recorded | 64.0% vs 78.0%Behind | None recorded | |
| Minnehaha lofts | Operating | None recorded | None recorded | None recorded | 97.3%Below plan |
Illustrative: 200-unit multifamily development
Pre-close, 200 units
Milestones
- First lookOn planPlanned Aug 9, 2025, actual Aug 9, 2025
- Letter of intent3 days earlyPlanned Sep 8, 2025, actual Sep 5, 2025
- Purchase agreement5 days latePlanned Oct 8, 2025, actual Oct 13, 2025
- Site controlOn planPlanned Oct 15, 2025, actual Oct 15, 2025
- Survey and Phase I5 days earlyPlanned Dec 12, 2025, actual Dec 7, 2025
- Due diligence2 days latePlanned Jan 11, 2026, actual Jan 13, 2026
- Entitlements and city approvals5 days latePlanned Jul 20, 2026, actual Jul 25, 2026
- Design: schematic design2 days earlyPlanned Mar 22, 2026, actual Mar 20, 2026
- Design: design development4 days latePlanned Jun 10, 2026, actual Jun 14, 2026
- Design: construction documents5 days latePlanned Sep 13, 2026, actual Sep 18, 2026
- GC bids2 days latePlanned Oct 10, 2026, actual Oct 12, 2026
- Loan term sheet3 days latePlanned Oct 8, 2026, actual Oct 11, 2026
- GC award and GMP contract14 days latePlanned Nov 5, 2026, forecast Nov 19, 2026
- Loan commitment21 days latePlanned Dec 2, 2026, forecast Dec 23, 2026
- Equity raiseOn planPlanned Jan 4, 2027, forecast Jan 4, 2027
- ClosingOn planPlanned Jan 6, 2027, forecast Jan 6, 2027
Source: Deal schedule (src/lib/deal-schedule.ts)
Spend against budget
- Basis
- Budget against the low leveled bid
- Budget
- $41,000,000
- Current
- $44,092,922
- Variance
- +$3,092,922 (+7.5%)
- Spent to date
- Not recorded
Source: Budget estimates (src/lib/sample-portfolio.ts)
Lease-up pace
Not recordedPre-close: no units delivered.
NOI against the pro forma
Not recordedPre-close: no operating history.
East Bank mill
Pre-close, 164 units
Milestones
Not recordedNo planned dates recorded; pipeline events carry one date each, with no plan to compare.
Spend against budget
- Basis
- Budget against the GMP estimate
- Budget
- $29,400,000
- Current
- $30,050,000
- Variance
- +$650,000 (+2.2%)
- Spent to date
- Not recorded
Source: Budget estimates (src/lib/sample-portfolio.ts)
Lease-up pace
Not recordedNot in lease-up, or no lease-up plan recorded.
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Wedge triangle
Pre-close, 118 units
Milestones
Not recordedNo planned dates recorded; pipeline events carry one date each, with no plan to compare.
Spend against budget
- Basis
- Budget against the GMP
- Budget
- $25,100,000
- Current
- $24,880,000
- Variance
- -$220,000 (-0.9%)
- Spent to date
- Not recorded
Source: Budget estimates (src/lib/sample-portfolio.ts)
Lease-up pace
Not recordedNot in lease-up, or no lease-up plan recorded.
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Cedar Lake flats
Construction, 182 units
Milestones
- Construction complete38 days latePlanned Apr 6, 2027, forecast May 14, 2027
Source: Construction health inputs (src/lib/pipeline-sample-board.ts)
Spend against budget
- Basis
- Original budget against the revised budget
- Budget
- $49,600,000
- Current
- $50,420,000
- Variance
- +$820,000 (+1.6%)
- Spent to date
- $31,200,000
Source: Construction health inputs (src/lib/pipeline-sample-board.ts)
Lease-up pace
Not recordedNot in lease-up, or no lease-up plan recorded.
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Hiawatha yards
Construction, 136 units
Milestones
- Construction complete6 days latePlanned Oct 3, 2027, forecast Oct 9, 2027
Source: Construction health inputs (src/lib/pipeline-sample-board.ts)
Spend against budget
- Basis
- Original budget against the revised budget
- Budget
- $36,200,000
- Current
- $36,200,000
- Variance
- $0 (0.0%)
- Spent to date
- $9,800,000
Source: Construction health inputs (src/lib/pipeline-sample-board.ts)
Lease-up pace
Not recordedNot in lease-up, or no lease-up plan recorded.
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Lowry flats
Lease-up, 124 units
Milestones
Not recordedNo planned dates recorded; pipeline events carry one date each, with no plan to compare.
Spend against budget
Not recordedNo budget estimate or cost to date recorded.
Lease-up pace
- Months since first delivery
- 9
- Occupancy
- 88.5%
- Plan
- 85.0%
- Against plan
- +3.5 pts
Source: Lease-up status (src/lib/sample-portfolio.ts)
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Nicollet commons
Lease-up, 168 units
Milestones
Not recordedNo planned dates recorded; pipeline events carry one date each, with no plan to compare.
Spend against budget
Not recordedNo budget estimate or cost to date recorded.
Lease-up pace
- Months since first delivery
- 11
- Occupancy
- 64.0%
- Plan
- 78.0%
- Against plan
- -14.0 pts
Source: Lease-up status (src/lib/sample-portfolio.ts)
NOI against the pro forma
Not recordedNo pro forma NOI recorded beside the actuals.
Minnehaha lofts
Operating, 96 units
Milestones
Not recordedNo planned dates recorded; pipeline events carry one date each, with no plan to compare.
Spend against budget
Not recordedNo budget estimate or cost to date recorded.
Lease-up pace
Not recordedNot in lease-up, or no lease-up plan recorded.
NOI against the pro forma
- Pro forma NOI
- $1,760,000
- Actual NOI, trailing twelve months
- $1,712,000
- Actual over plan
- 97.3%
Source: Operating status, trailing twelve months (src/lib/sample-portfolio.ts)
Track record
Drafts a row for you to review. It is added as Sponsor reported only when you confirm it.
Sources and method
- Deal schedule (src/lib/deal-schedule.ts)
- Construction health inputs (src/lib/pipeline-sample-board.ts)
- Budget estimates (src/lib/sample-portfolio.ts)
- Lease-up status (src/lib/sample-portfolio.ts)
- Operating status, trailing twelve months (src/lib/sample-portfolio.ts)
- REO schedule (src/lib/sample-reo.ts)
- On time means the actual or forecast finish is on or before the planned date. Median days late counts late milestones only.
- Budget variance sums each deal's current figure against its budget; bases differ by deal and are stated in each row.
- A blank comparison means no sample record holds the figure. Nothing is filled in.