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Stevenson Systems FAQs
Understanding how square footage is defined, interpreted, and applied begins here — because revenue capacity compounds.
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Measurement Intelligence, Applied
Measurement isn’t a line item. It’s the revenue baseline.
When buildings are measured, the numbers often exist - without triggering review - inside leases for years. But those numbers define rent, refinancing assumptions, valuation models, and exit pricing.
The question isn’t whether a building was measured.
It’s whether every rentable square foot was captured — and preserved correctly over time.
Revenue Baseline Confirmation
Standards Interpretation Guidance
Portfolio Measurement Continuity
Lease Area Reconciliation
Defensible Calculation Records
01
Acquisition & Capital Events
When a building changes hands, square footage is often accepted as given. But leasing history, refinances, and prior interpretations may have shaped the rentable total long ago.
Before capital is committed, the baseline deserves verification.Rent is calculated off rentable square footage.
That number should be certain.
02
Standards & Interpretation
Standards improved the language of measurement, but they did not eliminate judgment.
Two compliant calculations can produce different load factors. Both may be defensible. What matters is whether interpretation decisions are documented, intentional, and consistent over time.
That’s where stability comes from.
03
Portfolio Continuity
Most portfolios were assembled across years — sometimes decades, but measurement assumptions rarely stayed identical across that growth.
When assets are placed side by side under uniform standards, variance becomes visible.
Left unexamined, it compounds.
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