CoreNav·Meridian Capital
ACQUIREDiligence & decisionMANAGEOperating intelligenceEXITSale narrative
Project Helios·141 Demo Street Industrial·Meridian Capital·Diligence ends 2026-05-21
9 days leftVDR 84%6 critical
ACQUIRE · Deal pipeline
Deal Home
·
5 active · T+14d of 23d
APMOJL+1
Active deals
5
3 confirmatory · 2 LOI
Critical findings
31
across active portfolio
Model impact
−$28.1M
low to high
Open seller requests
45
14 overdue
Retrade packages
2
1 sent for review
Closed this quarter
3
$188M acquired

Overnight brief

Run 06:04 AM · Entire VDR
91% confidence

Three new documents landed overnight. The HVAC report confirms end-of-life on three rooftop units. The rent roll revision pushes 7,400 SF of rollover into Year 2. The seller has still not produced replacement bids or 24 months of utility bills.

3
New docs
2
Changed
2
Model moves
4
Recommended actions
Auto-runs: daily 06:00 · edit schedule

Material changes — last 24h

anchored to source
open VDR Explorer →
Document
Materiality
Why it matters
Action
Engineering Report — Phase II.pdf
94/100
Confirms end-of-life on RTU-3, RTU-5, RTU-7. Combined replacement est. $2.6M–$3.8M.
Rent Roll — March 2026.xlsx
82/100
Adds 7,400 SF to Year 2 expirations. Anchor tenant #07 on MTM holdover.
Seller Q&A — Round 2 (response).docx
71/100
Seller still does not provide utility bills, BAS logs, or replacement bids.
Vendor Invoices — HVAC.pdf
73/100
11 service tickets in Q1 totaling $42,200, predominantly temporary repairs.

Historical deals

closed, passed, archived · 4 of 11
Deal · Outcome
Concessions
Original · Final
Final delta
Closed
Project Ridge
Closed with $2.5M reserve
$2.5M escrow
$112M$108.9M
3%
Oct 24
Project Northline
Passed — model broke
None
$156M$147.8M
8%
Aug 24
Project Harbor
Closed with $1.2M credit
$1.2M seller credit
$36.5M$34.7M
2%
Apr 24
Project Beacon
Lost deal
None
$92M$92M
0%
Feb 24

Room intelligence

Documents in room
1,248
184 indexed for review
Folders covered
8 of 11
06 Utility & 02 Legal thin
Material docs flagged
31
by materiality scoring
Likely missing
5 items
estoppel pkg, M&V, 24mo utility, capex bid, Phase I