Consolidated Accounting | Ravenna and Dayton | Distributions
Consolidated Accounting
Forensic and managerial ‘project-based’ accounting needs to comprehensively include all financial transactions this decade in order to provide accurate answers. It also requires understanding of consolidated accounting and allocation methodologies before it is possible to analyze a single asset or specific set of transactions. Furthermore, it’s necessary to take into account certain balances and circumstances ending last decade in order to know the nature of certain transactions occurring this decade. LEARN MORE these estimates for a better understanding of where the company stood financially.
Ravenna and Dayton
Ravenna and Dayton were two of the company’s 15+ consolidated projects active in 2022. Some like Ravenna were newly completed communities (then called “Winston”). Others like Dayton were pipeline projects still in a phase of acquisition and/or a predevelopment.
LEARN MORE about Ravenna’s economics and the rather straight-forward process of selling the first 14 “Winston” homes in order to repay the construction loan and the preferred equity investors from April thru June of 2022. As well as the broader financial picture of the remaining consolidated projects and where Dayton fits into that in 2023 (noting that Winston sold out completely and so is no longer included in those economics).
Distributions
Distribution details will not be as easy to estimate without access to the company's data, but LEARN MORE about what we do know.
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