Six Peak Capital - Weekly L10

• The meeting reviewed operational progress, finance reporting, project status, and refinancing risks across portfolios, with emphasis on finalizing the weekly scorecard, confirming company and personal rock deadlines, and resolving several near-term financing and reporting items.
• Scorecard and rocks: The scorecard remains unfinished; Bob will finalize and build a finance dashboard once metrics are nailed.
• Company and personal rocks are due by the end of August (≈ six weeks).
• Individual rock status updates indicated the finance engine and Holdco operating system are on track, Tom’s third-party platform readiness is on track, and ownership updates will be made for the business-development engine.
• Finance and reporting: The board portal and standard financial reporting are functionally complete pending five LV items and tracking integration with Gradient Pager; Chris Andresen will deliver board-portal finance reporting and post-June reporting early next week.
• Robert has created a near-complete monthly checklist for financial statements and LV pay apps and will finalize LV financial workflows with Chris.
• Two additions remain for board-portal financials before closing June numbers.
• Projects and refinancing: Derek reported the Ramsey off-site conduit proposal is progressing but is contingent on Genesis delivering loan terms; the team discussed starting with contingency/equity if Genesis refinancing is infeasible and aligning with Pitch.
• Francis GMP is nearly final but awaiting city contingency feedback; the closing draw for Francis appears ready and documents returned to MRK, though a final MRK budget is requested to clarify financing-cost line items.
• Expected refinancing and sale activity at Reading and Wilton will wrap up the Grandview portfolio; potential financing via Genesis or using Silver Lake land equity was discussed.
• Operations and staffing: On-site staffing is advancing with one superintendent hired and another likely in two weeks; staffing will cover all projects except one late‑August start that still needs a hire.
• Grady reported limited progress implementing Claude and PMPC roles, planning to address those in the second half of the summer.
• Risk and incidents: Ownership received a tenant complaint alleging criminal activity at Reading; Adaptive is reviewing police reports and security footage and ownership is evaluating visible-security measures (signage, increased camera review, additional cameras, flashing lights) pending confirmation of facts.
• Open issues and unresolved items: Finalization of the weekly scorecard metrics, five outstanding LV items for board reporting, Genesis loan terms for Ramsey refinancing, final MRK budget and contingency clarifications for Francis, integration tracking with Gradient Pager, and implementation timing for Claude/AI workflows and PMPC roles remain unresolved.

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