Content

This note covers office repositioning projects with staged tenant onboarding and the decisions that drive project viability from sourcing to operational stabilization. Recommended action 1: stress test maintenance reserves over 5 years. In active markets, this step reduces execution noise and improves confidence in investment committee discussions. Recommended action 2: validate title chain and easement exposure. In active markets, this step reduces execution noise and improves confidence in investment committee discussions. Recommended action 3: revisit underwriting assumptions after contractor bids. In active markets, this step reduces execution noise and improves confidence in investment committee discussions. Recommended action 4: compare renovation phasing against occupancy windows. In active markets, this step reduces execution noise and improves confidence in investment committee discussions. Conclusion: teams that document assumptions and revisit them every two weeks typically improve pricing discipline and shorten the time from analysis to signed terms in Mackton.