Verify what is delivered
We separate occupied, rentable and unfinished units and review the delivery schedule, remaining work and shared amenities.
Our expertisePractice 04 / 05
New communities & build-to-rent.
Delivery and lease-upThe assignment
When does leased become earned?
For newly delivered apartments and rental homes, timing shapes value. We distinguish signed leases, occupied homes and rent collected before discussing a sale at stabilization.
CO / FIELD NOTES04Illustrative scenario
Would the buyer own a community or half of one?
The first phase is open. A second phase will add the units needed to support a full on-site team, but the delivery date is still uncertain. A buyer may like the completed plan and still hesitate to own phase one alone.
Cedar Oak’s view
We identify the delivery milestones, staffing cost and occupancy requirements that could make an earlier closing workable for both sides.
What we examine.
Follow the leasing pace
We compare signed leases with move-ins and collections. We account for concessions, marketing and the cost of operating before scale.
Price the timing
We compare a sale today with a later closing, including interest and other carrying costs the owner bears while waiting.
First conversation
Where to start.
The delivery schedule, unit status by phase, concession report, leasing pace and remaining construction budget.