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      "formula": "noi_model.net_operating_income / debt_structure.annual_debt_service",
      "input_paths": [
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      "unit": "x",
      "round_to": 4,
      "minimum_stated_decimals": 2,
      "section_roles": {
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      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "debt_yield",
      "label": "Debt Yield",
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        "student_housing"
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      "formula": "noi_model.net_operating_income / debt_structure.loan_amount",
      "input_paths": [
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        "debt_structure.loan_amount"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 3,
      "section_roles": {
        "debt_structure": "senior"
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      "null_semantics": "expression",
      "deterministic": true
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    {
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      "formula": "valuation.purchase_price / property.total_beds",
      "input_paths": [
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        "property.total_beds"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "loan_per_bed",
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      "formula": "debt_structure.loan_amount / property.total_beds",
      "input_paths": [
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {
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      "null_semantics": "positive_size_denominator",
      "deterministic": true
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    {
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      "label": "NOI / Bed",
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      "formula": "noi_model.net_operating_income / property.total_beds",
      "input_paths": [
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      "unit": "$",
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      "minimum_stated_decimals": 0,
      "section_roles": {},
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    {
      "id": "expense_ratio",
      "label": "Operating Expense Ratio",
      "asset_classes": [
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      ],
      "formula": "noi_model.expenses.total_operating_expenses / noi_model.income.effective_gross_income",
      "input_paths": [
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        "noi_model.income.effective_gross_income"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
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    {
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      "label": "Cash-on-Cash",
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      ],
      "formula": "sources_uses.equity_metrics.equity_total == null ? null : (dcf.annual_cash_flows.Y1.net_cash_flow_levered != null ? dcf.annual_cash_flows.Y1.net_cash_flow_levered : noi_model.net_operating_income - debt_structure.annual_debt_service) / sources_uses.equity_metrics.equity_total",
      "input_paths": [
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        "dcf.annual_cash_flows.Y1.net_cash_flow_levered",
        "noi_model.net_operating_income",
        "debt_structure.annual_debt_service"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 3,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
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    {
      "id": "occupancy",
      "label": "Occupancy (by Bed)",
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        "student_housing"
      ],
      "formula": "rent_roll.occupied_beds / property.total_beds",
      "input_paths": [
        "rent_roll.occupied_beds",
        "property.total_beds"
      ],
      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
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      "deterministic": true
    },
    {
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      "label": "Pre-Lease Rate",
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        "student_housing"
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      "formula": "rent_roll.preleased_beds / property.total_beds",
      "input_paths": [
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        "property.total_beds"
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      "unit": "%",
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      "minimum_stated_decimals": 2,
      "section_roles": {},
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      "deterministic": true
    },
    {
      "id": "revenue_per_bed",
      "label": "Revenue / Bed",
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        "student_housing"
      ],
      "formula": "noi_model.income.effective_gross_income / property.total_beds",
      "input_paths": [
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        "property.total_beds"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
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      "deterministic": true
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    {
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      "label": "Rent / Bed (Monthly)",
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        "student_housing"
      ],
      "formula": "noi_model.income.gross_potential_rent.value / (property.total_beds * 12)",
      "input_paths": [
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      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
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      "label": "Land carry NOI",
      "asset_classes": [
        "land"
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      "formula": "noi_model.income.effective_gross_income - noi_model.expenses.total_operating_expenses",
      "input_paths": [
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        "noi_model.expenses.total_operating_expenses"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
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      "deterministic": true
    },
    {
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      ],
      "formula": "valuation.purchase_price / property.gross_acres",
      "input_paths": [
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
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    {
      "id": "price_per_usable_acre",
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      "formula": "valuation.purchase_price / property.usable_acres",
      "input_paths": [
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        "property.usable_acres"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
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        "land"
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      "formula": "valuation.purchase_price / property.entitled_units",
      "input_paths": [
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        "property.entitled_units"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "usable_land_ratio",
      "label": "Usable Land Ratio",
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        "land"
      ],
      "formula": "property.usable_acres / property.gross_acres",
      "input_paths": [
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        "property.gross_acres"
      ],
      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
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    },
    {
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      "formula": "property.entitled_units / property.usable_acres",
      "input_paths": [
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        "property.usable_acres"
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      "unit": "x",
      "round_to": 4,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "ltv",
      "label": "LTV",
      "asset_classes": [
        "land"
      ],
      "formula": "debt_structure.loan_amount / (debt_structure.ltv_basis == 'purchase-price' ? valuation.purchase_price : (debt_structure.ltv_basis == 'underwritten-value' ? valuation.underwritten_value : (debt_structure.ltv_basis == 'total-project-cost' ? sources_uses.total_project_cost : null)))",
      "input_paths": [
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        "debt_structure.ltv_basis",
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        "sources_uses.total_project_cost"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {
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      "null_semantics": "expression",
      "deterministic": true
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    {
      "id": "ltc",
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      "formula": "debt_structure.loan_amount / sources_uses.uses.total",
      "input_paths": [
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        "sources_uses.uses.total"
      ],
      "unit": "%",
      "round_to": 6,
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      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "loan_per_acre",
      "label": "Loan / Gross Acre",
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      "formula": "debt_structure.loan_amount / property.gross_acres",
      "input_paths": [
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      "unit": "$",
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      "minimum_stated_decimals": 0,
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      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "basis_per_buildable_unit",
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      "formula": "sources_uses.uses.total / property.entitled_units",
      "input_paths": [
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        "property.entitled_units"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "carry_ratio",
      "label": "Annual Carry Ratio",
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        "land"
      ],
      "formula": "noi_model.expenses.total_operating_expenses / valuation.purchase_price",
      "input_paths": [
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        "valuation.purchase_price"
      ],
      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
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    {
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      "formula": "noi_model.expenses.total_operating_expenses / property.gross_acres",
      "input_paths": [
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "land_to_sellout_ratio",
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        "land"
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      "formula": "valuation.purchase_price / valuation.projected_gross_sellout",
      "input_paths": [
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        "valuation.projected_gross_sellout"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
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      "formula": "valuation.purchase_price / property.rentable_square_feet",
      "input_paths": [
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      "unit": "$",
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      "deterministic": true
    },
    {
      "id": "cap_rate",
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      "formula": "noi_model.net_operating_income / valuation.purchase_price",
      "input_paths": [
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      "unit": "%",
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      "minimum_stated_decimals": 3,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "ltv",
      "label": "LTV",
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        "data_center"
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      "formula": "debt_structure.loan_amount / (debt_structure.ltv_basis == 'purchase-price' ? valuation.purchase_price : (debt_structure.ltv_basis == 'underwritten-value' ? valuation.underwritten_value : (debt_structure.ltv_basis == 'total-project-cost' ? sources_uses.total_project_cost : null)))",
      "input_paths": [
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        "sources_uses.total_project_cost"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {
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      "null_semantics": "expression",
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      "formula": "debt_structure.loan_amount / sources_uses.uses.total",
      "input_paths": [
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      "unit": "%",
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      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "dscr",
      "label": "DSCR",
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      "formula": "noi_model.net_operating_income / debt_structure.annual_debt_service",
      "input_paths": [
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      "unit": "x",
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    {
      "id": "debt_yield",
      "label": "Debt Yield",
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      "formula": "noi_model.net_operating_income / debt_structure.loan_amount",
      "input_paths": [
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        "debt_structure.loan_amount"
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      "unit": "%",
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        "debt_structure": "senior"
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      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "cash_on_cash",
      "label": "Cash-on-Cash",
      "asset_classes": [
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      "formula": "sources_uses.equity_metrics.equity_total == null ? null : (dcf.annual_cash_flows.Y1.net_cash_flow_levered != null ? dcf.annual_cash_flows.Y1.net_cash_flow_levered : noi_model.net_operating_income - debt_structure.annual_debt_service) / sources_uses.equity_metrics.equity_total",
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        "debt_structure.annual_debt_service"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 3,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
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      "formula": "dc_capacity.contracted_it_load_kw / dc_capacity.critical_it_load_kw",
      "input_paths": [
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        "dc_capacity.critical_it_load_kw"
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      "unit": "%",
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      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "expression",
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    },
    {
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      "formula": "dc_capacity.critical_it_load_kw / dc_capacity.planned_it_load_kw",
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        "dc_capacity.planned_it_load_kw"
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      "unit": "%",
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    {
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      "formula": "dc_capacity.critical_it_load_kw * dc_capacity.design_pue",
      "input_paths": [
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      "unit": "kW",
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    {
      "id": "annual_facility_kwh",
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      "formula": "dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)",
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      "unit": "kWh",
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      "section_roles": {},
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    },
    {
      "id": "annual_power_cost",
      "label": "Annual Power Cost (Landlord)",
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      ],
      "formula": "dc_power.billing == 'metered_pass_through' ? 0 : (dc_power.stated_annual_power_cost != null ? dc_power.stated_annual_power_cost : ((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)) == null ? null : round((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)), 0) * dc_power.utility_rate_per_kwh))",
      "input_paths": [
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        "dc_power.stated_annual_power_cost",
        "dc_power.metered_annual_kwh",
        "dc_power.draw_factor",
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        "dc_capacity.measured_pue",
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        "dc_power.utility_rate_per_kwh"
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      "unit": "$",
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      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "power_cost_per_kw_month",
      "label": "Power Cost per kW-Month (Landlord)",
      "asset_classes": [
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      ],
      "formula": "(dc_power.billing == 'metered_pass_through' ? 0 : (dc_power.stated_annual_power_cost != null ? dc_power.stated_annual_power_cost : ((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)) == null ? null : round((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)), 0) * dc_power.utility_rate_per_kwh))) == null ? null : round((dc_power.billing == 'metered_pass_through' ? 0 : (dc_power.stated_annual_power_cost != null ? dc_power.stated_annual_power_cost : ((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)) == null ? null : round((dc_power.metered_annual_kwh != null ? dc_power.metered_annual_kwh : (dc_power.draw_factor == null ? null : dc_capacity.contracted_it_load_kw * dc_power.draw_factor * (dc_capacity.measured_pue != null ? dc_capacity.measured_pue : dc_capacity.design_pue) * 8760)), 0) * dc_power.utility_rate_per_kwh))), 2) / (dc_capacity.contracted_it_load_kw * 12)",
      "input_paths": [
        "dc_power.billing",
        "dc_power.stated_annual_power_cost",
        "dc_power.metered_annual_kwh",
        "dc_power.draw_factor",
        "dc_capacity.contracted_it_load_kw",
        "dc_capacity.measured_pue",
        "dc_capacity.design_pue",
        "dc_power.utility_rate_per_kwh"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "annual_rent_revenue",
      "label": "Annual Rent Revenue",
      "asset_classes": [
        "data_center"
      ],
      "formula": "dc_revenue.rent_per_kw_month * dc_capacity.contracted_it_load_kw * 12",
      "input_paths": [
        "dc_revenue.rent_per_kw_month",
        "dc_capacity.contracted_it_load_kw"
      ],
      "unit": "$",
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      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "blended_revenue_per_kw_month",
      "label": "Blended Revenue per kW-Month",
      "asset_classes": [
        "data_center"
      ],
      "formula": "(round((dc_revenue.rent_per_kw_month * dc_capacity.contracted_it_load_kw * 12), 2) + dc_revenue.interconnection_revenue_annual + dc_revenue.services_revenue_annual) / (dc_capacity.contracted_it_load_kw * 12)",
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        "dc_revenue.rent_per_kw_month",
        "dc_capacity.contracted_it_load_kw",
        "dc_revenue.interconnection_revenue_annual",
        "dc_revenue.services_revenue_annual"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "mark_to_market",
      "label": "Mark-to-Market (Market vs In-Place Rent)",
      "asset_classes": [
        "data_center"
      ],
      "formula": "(dc_revenue.market_rent_per_kw_month - dc_revenue.rent_per_kw_month) / dc_revenue.rent_per_kw_month",
      "input_paths": [
        "dc_revenue.market_rent_per_kw_month",
        "dc_revenue.rent_per_kw_month"
      ],
      "unit": "%",
      "round_to": 4,
      "minimum_stated_decimals": 2,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "price_per_commissioned_kw",
      "label": "Price per Commissioned kW",
      "asset_classes": [
        "data_center"
      ],
      "formula": "valuation.purchase_price / dc_capacity.critical_it_load_kw",
      "input_paths": [
        "valuation.purchase_price",
        "dc_capacity.critical_it_load_kw"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "noi_per_commissioned_kw",
      "label": "NOI per Commissioned kW",
      "asset_classes": [
        "data_center"
      ],
      "formula": "noi_model.net_operating_income / dc_capacity.critical_it_load_kw",
      "input_paths": [
        "noi_model.net_operating_income",
        "dc_capacity.critical_it_load_kw"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "price_per_kw",
      "label": "Price / Critical IT kW",
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        "data_center"
      ],
      "formula": "valuation.purchase_price / property.critical_it_load_kw",
      "input_paths": [
        "valuation.purchase_price",
        "property.critical_it_load_kw"
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      "unit": "$",
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      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "noi_per_kw",
      "label": "NOI / Critical IT kW",
      "asset_classes": [
        "data_center"
      ],
      "formula": "noi_model.net_operating_income / property.critical_it_load_kw",
      "input_paths": [
        "noi_model.net_operating_income",
        "property.critical_it_load_kw"
      ],
      "unit": "$",
      "round_to": 2,
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      "section_roles": {},
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "loan_per_kw",
      "label": "Loan / Critical IT kW",
      "asset_classes": [
        "data_center"
      ],
      "formula": "debt_structure.loan_amount / property.critical_it_load_kw",
      "input_paths": [
        "debt_structure.loan_amount",
        "property.critical_it_load_kw"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {
        "debt_structure": "senior"
      },
      "null_semantics": "positive_size_denominator",
      "deterministic": true
    },
    {
      "id": "cap_rate",
      "label": "Cap Rate",
      "asset_classes": [
        "manufactured_housing"
      ],
      "formula": "noi_model.net_operating_income / valuation.purchase_price",
      "input_paths": [
        "noi_model.net_operating_income",
        "valuation.purchase_price"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 3,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "ltv",
      "label": "LTV",
      "asset_classes": [
        "manufactured_housing"
      ],
      "formula": "debt_structure.loan_amount / (debt_structure.ltv_basis == 'purchase-price' ? valuation.purchase_price : (debt_structure.ltv_basis == 'underwritten-value' ? valuation.underwritten_value : (debt_structure.ltv_basis == 'total-project-cost' ? sources_uses.total_project_cost : null)))",
      "input_paths": [
        "debt_structure.loan_amount",
        "debt_structure.ltv_basis",
        "valuation.purchase_price",
        "valuation.underwritten_value",
        "sources_uses.total_project_cost"
      ],
      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 2,
      "section_roles": {
        "debt_structure": "senior"
      },
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "ltc",
      "label": "LTC",
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        "manufactured_housing"
      ],
      "formula": "debt_structure.loan_amount / sources_uses.uses.total",
      "input_paths": [
        "debt_structure.loan_amount",
        "sources_uses.uses.total"
      ],
      "unit": "%",
      "round_to": 6,
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        "debt_structure": "senior"
      },
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "dscr",
      "label": "DSCR",
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        "manufactured_housing"
      ],
      "formula": "noi_model.net_operating_income / debt_structure.annual_debt_service",
      "input_paths": [
        "noi_model.net_operating_income",
        "debt_structure.annual_debt_service"
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      "unit": "x",
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      "section_roles": {
        "debt_structure": "senior"
      },
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "debt_yield",
      "label": "Debt Yield",
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        "manufactured_housing"
      ],
      "formula": "noi_model.net_operating_income / debt_structure.loan_amount",
      "input_paths": [
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        "debt_structure.loan_amount"
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      "unit": "%",
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      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "cash_on_cash",
      "label": "Cash-on-Cash",
      "asset_classes": [
        "manufactured_housing"
      ],
      "formula": "sources_uses.equity_metrics.equity_total == null ? null : (dcf.annual_cash_flows.Y1.net_cash_flow_levered != null ? dcf.annual_cash_flows.Y1.net_cash_flow_levered : noi_model.net_operating_income - debt_structure.annual_debt_service) / sources_uses.equity_metrics.equity_total",
      "input_paths": [
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        "debt_structure.annual_debt_service"
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      "unit": "%",
      "round_to": 6,
      "minimum_stated_decimals": 3,
      "section_roles": {},
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      "deterministic": true
    },
    {
      "id": "physical_occupancy",
      "label": "Physical Occupancy",
      "asset_classes": [
        "manufactured_housing"
      ],
      "formula": "mhc_sites.occupied_sites / mhc_sites.total_sites",
      "input_paths": [
        "mhc_sites.occupied_sites",
        "mhc_sites.total_sites"
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      "unit": "%",
      "round_to": 4,
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      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "annual_pad_rent_potential",
      "label": "Annual Pad Rent Potential",
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      "formula": "mhc_sites.weighted_pad_rent_monthly * mhc_sites.total_sites * 12",
      "input_paths": [
        "mhc_sites.weighted_pad_rent_monthly",
        "mhc_sites.total_sites"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
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      "asset_classes": [
        "manufactured_housing"
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      "formula": "mhc_sites.park_owned_homes / mhc_sites.total_sites",
      "input_paths": [
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        "mhc_sites.total_sites"
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      "unit": "%",
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      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "annual_poh_home_rent_potential",
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      "asset_classes": [
        "manufactured_housing"
      ],
      "formula": "mhc_sites.poh_home_rent_monthly * mhc_sites.park_owned_homes * 12",
      "input_paths": [
        "mhc_sites.poh_home_rent_monthly",
        "mhc_sites.park_owned_homes"
      ],
      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "expression",
      "deterministic": true
    },
    {
      "id": "price_per_site",
      "label": "Price per Site",
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        "manufactured_housing"
      ],
      "formula": "valuation.purchase_price / property.total_sites",
      "input_paths": [
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        "property.total_sites"
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      "unit": "$",
      "round_to": 2,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "positive_size_denominator",
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    },
    {
      "id": "noi_per_site",
      "label": "NOI per Site",
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        "manufactured_housing"
      ],
      "formula": "noi_model.net_operating_income / property.total_sites",
      "input_paths": [
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      "unit": "$",
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    },
    {
      "id": "loan_per_site",
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        "manufactured_housing"
      ],
      "formula": "debt_structure.loan_amount / property.total_sites",
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        "property.total_sites"
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      "round_to": 2,
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      "null_semantics": "positive_size_denominator",
      "deterministic": true
    }
  ],
  "size_intensives": [
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      "label": "Units",
      "asset_classes": [
        "multifamily"
      ],
      "formula": "property.total_units",
      "input_paths": [
        "property.total_units"
      ],
      "unit": "units",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
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      "path": "total_units",
      "secondary": [
        "total_nra_sqft"
      ]
    },
    {
      "id": "rentable_square_feet",
      "label": "RSF",
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        "office"
      ],
      "formula": "property.rentable_square_feet",
      "input_paths": [
        "property.rentable_square_feet"
      ],
      "unit": "sqft",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
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      "path": "rentable_square_feet",
      "secondary": []
    },
    {
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      "asset_classes": [
        "industrial"
      ],
      "formula": "property.rentable_square_feet",
      "input_paths": [
        "property.rentable_square_feet"
      ],
      "unit": "sqft",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
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      "path": "rentable_square_feet",
      "secondary": []
    },
    {
      "id": "gross_leasable_area",
      "label": "GLA",
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        "retail"
      ],
      "formula": "property.gross_leasable_area",
      "input_paths": [
        "property.gross_leasable_area"
      ],
      "unit": "sqft",
      "round_to": null,
      "minimum_stated_decimals": 0,
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      "null_semantics": "finite_stated_number",
      "path": "gross_leasable_area",
      "secondary": []
    },
    {
      "id": "net_rentable_square_feet",
      "label": "NRSF",
      "asset_classes": [
        "self_storage"
      ],
      "formula": "property.net_rentable_square_feet",
      "input_paths": [
        "property.net_rentable_square_feet"
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      "unit": "sqft",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "finite_stated_number",
      "path": "net_rentable_square_feet",
      "secondary": [
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      ]
    },
    {
      "id": "keys",
      "label": "Keys",
      "asset_classes": [
        "hospitality"
      ],
      "formula": "property.keys",
      "input_paths": [
        "property.keys"
      ],
      "unit": "keys",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "finite_stated_number",
      "path": "keys",
      "secondary": []
    },
    {
      "id": "total_beds",
      "label": "Beds",
      "asset_classes": [
        "student_housing"
      ],
      "formula": "property.total_beds",
      "input_paths": [
        "property.total_beds"
      ],
      "unit": "beds",
      "round_to": null,
      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "finite_stated_number",
      "path": "total_beds",
      "secondary": [
        "total_units"
      ]
    },
    {
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      "asset_classes": [
        "senior_housing"
      ],
      "formula": "property.total_units",
      "input_paths": [
        "property.total_units"
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      "unit": "units",
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      "section_roles": {},
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      "path": "total_units",
      "secondary": [
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    },
    {
      "id": "critical_it_load_kw",
      "label": "Critical IT kW",
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        "data_center"
      ],
      "formula": "property.critical_it_load_kw",
      "input_paths": [
        "property.critical_it_load_kw"
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      "unit": "kW",
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      "null_semantics": "finite_stated_number",
      "path": "critical_it_load_kw",
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    },
    {
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        "manufactured_housing"
      ],
      "formula": "property.total_sites",
      "input_paths": [
        "property.total_sites"
      ],
      "unit": "sites",
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      "section_roles": {},
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      "path": "total_sites",
      "secondary": []
    },
    {
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      "asset_classes": [
        "land"
      ],
      "formula": "property.gross_acres",
      "input_paths": [
        "property.gross_acres"
      ],
      "unit": "acres",
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      "minimum_stated_decimals": 0,
      "section_roles": {},
      "null_semantics": "finite_stated_number",
      "path": "gross_acres",
      "secondary": [
        "usable_acres",
        "entitled_units"
      ]
    }
  ],
  "statement_bindings": {
    "output_sections": [
      "valuation",
      "debt_structure",
      "noi_model",
      "rent_roll",
      "property",
      "components",
      "dc_capacity",
      "dc_power",
      "dc_revenue",
      "mhc_sites",
      "hotel_metrics",
      "hotel_food_beverage"
    ],
    "aliases": {
      "cap_rate": [
        "valuation.going_in_cap_rate"
      ],
      "price_per_unit": [
        "valuation.purchase_price_per_unit"
      ],
      "price_per_sqft": [
        "valuation.price_per_sf",
        "valuation.purchase_price_per_sqft"
      ],
      "noi_per_sqft": [
        "noi_model.noi_per_sf"
      ],
      "occupancy": [
        "property.occupancy_pct",
        "rent_roll.occupancy_pct"
      ],
      "revpor": [
        "noi_model.revpor_monthly"
      ],
      "dscr": [
        "debt_structure.sizing_metrics.dscr_underwritten"
      ],
      "ltv": [
        "debt_structure.sizing_metrics.ltv"
      ],
      "debt_yield": [
        "debt_structure.sizing_metrics.debt_yield"
      ],
      "hospitality_gross_operating_profit": [
        "components.hospitality.gross_operating_profit"
      ],
      "senior_housing_total_labor_expense": [
        "components.senior_housing.total_labor_expense"
      ],
      "land_carry_noi": [
        "noi_model.net_operating_income"
      ]
    }
  }
}