Asset management
Asset manager
Where is actual performance diverging from the approved plan, and who owns the response?
Asset Management · Post-Close Business Plan
Northgate Apartments · NOI control
Original underwriting v3.2 · Q2 2026 actuals through May 31 · current forecast approved Jun 2 · asset manager: Priya Nair
Operating question
Where is performance diverging from plan?
Original underwriting, current forecast, and variance remain separately labeled.
Original underwriting NOI
$3.64M
Stabilized year 3
Current forecast NOI
$3.48M
Q2 reforecast · year 3
Variance to underwriting
($160K)
4.4% below plan
Open actions
7
2 due this week
Original underwriting to current forecast
USD millions · Year 3 NOI
Start
Original underwriting
+$180K
Market rent
($220K)
Vacancy / lease-up
($90K)
Bad debt
+$40K
Other income
($70K)
Operating expense
$3.48M
Current forecast
Calculation basis: May rent roll, Yardi operating actuals, approved leasing schedule, and CapEx draw file. Synthetic sample records; no live integration is implied.