You’ll notice in the ORI-OpSt tab under Capital Expenditures, Tenant Improvements, Leasing Commission, Other CapEx, and Capital Reserve are all modeled. TIs and LCs are projected and hit the DCF (columns K:T) per the assumptions entered on the ORI-RR tab, whereas the Stabilized (column J) and Residual (column U) pro formas calculate an average annual TI and LC load.
