Watch the building fill up month by month. Adjust absorption rate, concession months, and stabilized occupancy. The lease-up curve determines when the building starts making money — and that curve is set by the unit mix you chose.
12
2
93%
180 units · $1,550 avg rent
Months to stabilize
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Revenue lost to concessions
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Stabilized NOI/mo
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Negative carry months
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The lease-up model isn't marketing. It's financial physics. Slow absorption = more negative carry = IRR destruction. The unit mix either helps or hurts the curve.