The Build ยท Capstone

๐ŸŽ“ The Whole Table

Not an exam โ€” a build. Run the entire lifecycle from ground to exit against a live pro forma, and see your return at the end. Your completion saves to the course ledger.
Equity in
$12.0M
your capital
NOI (stabilized)
$1.6M
rent โˆ’ opex
Exit value @5%
$32.0M
NOI รท cap
Return / equity
2.7x
your full-cycle result
How the Capstone works. โ†’ Five lifecycle phases, one deal. โ†’ The pro forma above recomputes your stabilized NOI, exit value and final return as your choices land. โ†’ No single "right" answer โ€” earn the best return by coordinating the whole table. โ†’ Completion writes to core.js.