Follow one fictional Southpoint acquisition from its released record to a recommendation draft. See the sources, test the assumptions, and keep the open decisions visible.
01Deal room
Every deal lands in one governed workspace.
Opportunities, broker packages, and diligence files come into a single deal room, so the team stops stitching context together across inboxes, drives, and spreadsheets.
One fictional acquisition · released basis and current proposals stay distinct.
02Document intelligence
Documents become source-linked facts.
Upload the OM, rent roll, T-12, and leases. EQUIRE abstracts the deal data, flags conflicts, and links each value to the document it came from, with the page or cell when one is recorded.
Southpoint Industrial Park
Fictional example
Total SF: two sources disagree
182,350 SF
Rent Roll
Rent Roll · A5:H12
Source reference only. No original excerpt is published.
183,000 SF
Offering Memorandum
Page 12
Source reference only. No original excerpt is published.
Current proposal: 182,350 SF · Unresolved
This is the current review view. The later proposal still needs a reviewer’s decision and has not updated Released Deal Data v3.
Original source files are not published in this example. Source references do not establish independent verification or approval.
Native example · the source reference and unresolved state stay with each value.
03Valuation
Reviewed assumptions feed valuation.
Reviewed, source-backed assumptions flow into the DCF with IRR, equity multiple, DSCR, and exit-cap context, without a second handoff or spreadsheet archaeology.
What changes under stress?
Calculated from Released Deal Data v3. Paired, precomputed scenarios.
Base versus combined stress returns
Return
Base
Stress
Levered IRR
14.8%
8.4%
Equity Multiple
2.36x
1.64x
DCF Value
$45.7M
$40.1M
Tests slower rent growth, lower stabilized occupancy, higher expenses, debt cost, and exit-cap expansion. This is combined scenario analysis, not the effect of one exit-cap edit.
All changed assumptions
Effective assumptions after scenario bounds and rounding
Assumption
Base
Stress
Rent Growth (Annual)
3.00%
2.25%
Stabilized Occupancy
94.20%
90.43%
Expense Growth (Annual)
2.50%
2.87%
Interest Rate
5.75%
6.33%
Exit Cap Rate
7.00%
7.70%
Effective values shown after applying the scenario. All other model assumptions are held constant.
DCF Model · Base and combined-stress scenarios · 7-year hold
Current Southpoint model · all effective changes remain inspectable.
04Prepare for IC
Draft an IC memo from the reviewed record.
Prepare a recommendation draft where every material claim is source-linked or explicitly labeled as judgment. Your team reviews the record and makes the investment call.
IC recommendation · Draft for human review
Advance to IC, subject to conditions.
Proposed recommendation. No IC decision or approval is recorded in this example.
The released operating statement reports $2.89M T-12 NOI.
T-12 Operating Statement · T-12 · B8:C22
Source-linked claim; original document unpublished. Not independently verified.
Conditions before IC
Resolve the Total SF and Year Built proposals.
Validate rollover and tenant concentration exposure.
Review the combined stress case and exit-cap support.
Complete the remaining memo sections and acquisitions-team review.
6 of 12 memo sections drafted. Remaining work stays visible in the example deal.
Run sensitivities, compare source documents, surface open diligence items, and draft sections, all grounded in the reviewed deal record and your team's rules.
Scripted example · Complete answer
Cross-check the rent roll, T-12, and OM for inconsistencies.
I found 2 proposed conflict resolutions that still need human approval:
Total SF: 182,350 (Rent Roll, 99%) vs 183,000 (OM, 85%). Proposal: use 182,350 because the suite-level rent roll is more granular.
Year Built: 2018 (Appraisal) vs 2019 (OM). Proposal: use 2018 based on the certificate-of-occupancy evidence.
Operating statement tie-out: base rent plus expense recoveries equals EGI, and EGI less operating expenses equals $2,888,349 NOI.
I can prepare the proposals, but a reviewer must approve them before the current edits are released.
Answer source references
Rent Roll · Rent Roll · A5:H12
T-12 Operating Statement · T-12 · B8:C22
Offering Memorandum · Page 12
Appraisal · Page 18
Original files are unpublished. References describe the example’s basis, not independent verification.
Canonical scripted response · proposed changes still require a reviewer.
06Institutional memory
Keep the evidence ready for the next decision.
Carry the source references, released assumptions, open proposals, and recommendation forward. A completed decision can become institutional memory; this example stops at the human handoff.
Southpoint Industrial Park
The context travels. The decision is still yours.
Retained basis
Released Deal Data v3 · 2026-08-15. Source references and calculated Base / Stress results remain attached to the draft.
Open proposals
Total SF: 182,350; Year Built: 2018. Both remain unresolved current edits.
Next human handoff
Review the conditions and recommendation with the acquisitions team. The fictional record has no completed investment decision or prior-deal outcome history.
