Asset detail
Lakefront Tower
1450 Lakefront Plaza, Chicago, IL 60606|Fund PFF | Office (Class A CBD)|AM: Avery Park — AM Lead (mock)
At risk
Operating
Hero asset
GAV
$824.3M
Governed
Valuation (v1.3)as of 2026-03-31
Occupancy
88.7%
Governed
Rent Roll (v1.2)as of 2026-03-31
Leased / NRA
887,000 SF
of 1.00M SF
Governed
Rent Rollas of 2026-03-31
ABR
$56.6M
Governed
Rent Rollas of 2026-03-31
WALT
5.8 yrs
Definition caveat
Lease Expirationas of 2026-03-31
NOI TTM
$42.9M
Governed
Budget vs Actual (v2.1)as of 2026-03-31
NOI vs Budget
-11.0%
Governed
Budget vs Actualas of 2026-03-31
Business object context
Lifecycle statusOperating
FundPFF
MarketChicago, United States
Property typeOffice
SubtypeClass A CBD
Asset manager(s)Avery Park — AM Lead (mock)
DSCR / LTV1.62x | 55.0%
% ABR expiring 24mo27.0%
Watchlist reason
Anchor tenant Meridian Legal Group; NLT exercised 2026-02-12; 24,850 SF rolls 2026-09-30; no successor LOI; backfill broker tour 2026-04-29.
AI variance summary
Composing summary from your commentary...
Generated by anthropic/claude-haiku-4-5 via Vercel AI Gateway. Numbers echo the variance bridge below; prose follows this session's commentary. Refuses if the bridge or commentary is missing.
Month vs Budget
Actual$3.5M
Plan$4.0M
Variance-$460.0K
YTD vs Plan
Actual$10.7M
Plan$12.1M
Variance-$1.4M
FY reforecast impact
FY impact-$5.3M
Fund NAV
-8 bps
FY drivers (top 3 by absolute $)
Leasing pipeline gap (Meridian Legal Group + Crestline Insurance renewals)
Meridian Legal 24,850 SF rolls 2026-09-30; Crestline 29,710 SF rolls 2026-12-31; no successor LOI.
Opex outpacing plan (taxes +6%, utilities +9%)
Q1 tax reassessment; Lakefront Q4 utility contract.
Capex pull-forward (roof + HVAC)
Roof replacement +$0.4M over plan; HVAC retrofit advanced Q3 to Q1.
Rent roll table is a follow-on Carbon port. See docs/migration/SAGE_TO_AMOS_DEMO_IMPORT_PLAN.md.
Capex tracker is a follow-on Carbon port.
Action plan is a follow-on Carbon port. Lifts the localStorage-backed action store from lib/actions-store.ts.