Herbert Featherstone

Open tasks (4)

Decisions (8)

• Jenn Sedgwick involvement in capex/draw process
  Justin confirmed that Jennifer Sedgwick is getting involved to provide perspective on what has worked on prior loans for cash-flow visibility in the capex process.
  Apr 6, 12:00 AM
• Unit turn cost reduction to ~$12–13K per unit
  Herb Featherstone reported that the per-unit renovation budget was reduced from approximately $20K down to $12–13K. This is the working cost basis for the upcoming unit turns at Mosser Towers.
  Mar 27, 12:00 AM
• Unit turn cost reduction to ~$12K–$13K per unit
  Herb Featherstone reports that bed costs for unit turns were reduced from approximately $20K down to $12K–$13K per unit. This supersedes the earlier $20K–$25K per-unit estimate.
  Mar 27, 12:00 AM
• Invoice or cost support required before lender draw request
  Christen Allen noted that an invoice amount or other supporting documentation is required before any requests can be made to the lender.
  Mar 26, 12:00 AM
• Elevator car #4 repairs completed; car #3 in progress
  Otis has completed repairs on elevator car #4 and is actively working on car #3, which is expected to be fully operational soon.
  Mar 18, 12:00 AM
• April 21, 2026 inspection target date
  Neveo Mosser directed the team to plan for an inspection on April 21, 2026. Herb Featherstone confirmed the goal of having unit production in progress by that date.
  Mar 18, 12:00 AM
• Elevator car #4 repairs completed; car #3 in progress
  Otis completed repairs on elevator car #4 and is actively working on car #3 at Mosser Towers, with full operation of car #3 expected soon.
  Mar 18, 12:00 AM
• April 21, 2026 inspection target date
  Neveo Mosser directed the team to plan for an inspection on April 21, 2026. Herb Featherstone confirmed units should be in progress by that date.
  Mar 18, 12:00 AM