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The Crystal Ball Test: How Accurate Was Our 2022 Pro Forma?

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In this solo episode, Lauren Torres pulls up the original 2022 pro forma and compares it to the property’s actual August 2026 financials — revenue, vacancy, expenses, NOI, and cash flow. Where did we nail it? Where did we completely miss? And perhaps most importantly, why?

The post-COVID multifamily market had other plans. A wave of new supply, changing renter behavior, shifting market conditions, and an industry-wide reset made some of the assumptions we made in 2022 look very different four years later.

So we're going beyond simply pointing out the variances. We're digging…

The skinny

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