Property Development Pipeline & Construction Cost Control

Ridgeline Development Partners · Portfolio Overview · Last Updated: May 15, 2025

Portfolio TDC
$312M
6 Active Projects
Blended YoC
5.8%
-0.4% vs Target
Avg Budget Variance
+6.8%
+1.8% vs Limit
Schedule Delay Idx
0.84
-0.04 vs Target
Contingency Burn
78%
At Risk 62% Complete
Draw Utilization
87%
On Track
Carrying Cost Rate
0.61%
Monthly

Project Lifecycle Stage Swimlane

Budget Variance by Project

Schedule Delay Index

Change Order Breakdown by Trade & Project

Contingency Reserve Burn Rate

Construction Loan Draw Utilization

Project Cost & Schedule Detail

Project Stage TDC Budget Var Delay Idx Contingency Draw Util Change Orders Carrying Cost Pre-Lease % YoC Status
Apex (Denver) Active $68.0M +11.4% 0.74 82% 91% $7.2M 0.68% 34% 5.1% At Risk
Horizon (Phoenix) Active $54.0M +4.2% 0.88 71% 84% $2.1M 0.65% 48% 6.0% Watch
Sierra (Boise) Active $42.0M +1.8% 0.96 58% 89% $0.8M 0.52% 62% 6.4% On Track
Cascade (SLC) CO $38.0M -0.4% 0.98 48% 96% $0.3M 0.41% 78% 6.8% Excellent
Ridge (Denver) Pre-Con $72.0M 100% 12% 0.28% 22% 6.5% Pre-Con
Summit (Albuquerque) Entitlement $38.0M 100% 0% 0.15% 8% 6.2% Planning
PORTFOLIO TOTAL $312.0M +6.8% 0.84 78% 87% $10.4M 0.61% 42% 5.8%

Carrying Cost Accumulation

$1.89M
Monthly (May 2025)
Apex$0.68M
Horizon$0.54M
Sierra$0.42M
Others$0.25M

CO Timeline Variance

+18 days
Avg Municipal Delay
Denver+24 days
Phoenix+22 days
Boise+12 days
Salt Lake City+8 days

Land-to-TDC Ratio

24.3%
Portfolio Average
Apex28.1%
Horizon22.4%
Sierra19.8%
Ridge26.5%

Pre-Leasing Velocity Tracker