How do I program lease up during construction? As an example If I have a total construction period of 20 months for 240 units.. My first deliveries and move ins occur on month 14 with 20 pre leased units The balance of the absorption is done at 15 units per month. Construction is completed in month 20 and total lease up is completed in month 28.
Great question. By default, the operation begin date is set to one day following the construction end date. However, this assumption can be changed so that your lease-up begins at some other time (such as during your construction period). To do this, simply change the ‘Operation Begin Date’ assumption on the Summary tab cell M16 to whatever date makes sense.
