Managing Deal Lifecycle

As your deal progresses, you need to update its status to keep your team and investors informed.

Deal Stages

• Deal Created: Initial draft stage.
• Under Contract: PSA signed. Due diligence period begins.
• Due Diligence: Inspecting property, reviewing financials.
• Raising Capital: Open for investor commitments.
• Closed: Property acquired.
• Archived: Deal sold or cancelled.

How to Update Status

1. Access Deal Settings Open the deal and click the Settings (gear icon) in the top header.

2. Change Status Locate the Status dropdown. Select the new stage (e.g., change from "Deal Created" to "Under Contract").

3. Update Key Dates If the closing date has shifted, update the Target Purchase Date in the Terms tab. This ensures your countdowns and task reminders remain accurate.

4. Publish Updates Use the Updates feature to send a notification to all followers/investors about the status change.