09/09/2026
If a land deal only works on a fast approval timeline, it may not work at all.
• Run a base case and a slow case for carry, including interest, taxes, insurance, and extensions.
• Add room for another round of civil, legal, utility, or traffic work.
• Carry site work as a range until access, grading, and utility answers are clearer.
• Push the exit date and test value again. Later delivery can change rents, cap rates, and demand.
In Denver-area infill, I see timing risk change deal math fast.
If you want a second look at the slow-case math, I’m happy to help.