Real Estate
Example · Board of 3Should we develop our next site or acquire a stabilized asset in the same market?
Chief of staff
This one needs a board: The CFO, The Investor and The Strategist. The CFO pressure-tests unit economics, runway, and capital allocation. Each researches alone first, then they react to one another — and on a decision, two of them take opposed sides.
The CFOFinancial Controller
The InvestorVC Partner
The StrategistCompetitive Expert

Asked first
Is the money for this already in the bank, or still promised?
In the bankPromisedNot yet
The board’s call
Acquire the stabilized asset, not the development site.
Stabilized acquisition gives you immediate cash flow and known basis. Development requires 24-36 months of capital lock-up at peak rate exposure.

The Strategist disagreed
“The development team will resist — frame this as cyclical sequencing, not strategy change”
Board of 3 · up to 135 credits on the card · an example, not a recorded run








