05/31/2026
A development is not finished just because construction is finished.
A development isn’t complete when construction ends — it’s complete when the asset is leased, sold, refinanced, or stabilized.
The business plan still has to carry through leasing, sale, refinance, or stabilization. That final phase is where ex*****on turns into returned capital.
This is the kind of early clarity that helps owners decide whether to move, pause, redesign, or re-capitalize.