Field Notes
Build progress, observations, and shipping notes
Short posts from the LargeKite team. Each one ships with a paste-ready LinkedIn version — open any post for the share kit.
Phoenix Multifamily — The Supply Story Is Decelerating
Phoenix multifamily deliveries peaked at 24K units in 2024. 2026 projects ~13K. The supply pressure that broke rents in 2024-2025 is materially abating — but the price discovery hasn't caught up yet.
Why We Build Tools That Don't Replace Judgment
A short note on the design philosophy behind LargeKite — AI augments analyst capacity rather than replacing committee judgment, and why that distinction matters more than the productivity gain.
The 5.85%-Cap-That's-Really-4.95% Pattern
A short methodology note on the systematic gap between broker pro forma cap rates and recast cap rates on multifamily deals — and what to do about it.
OM Extraction: 47 Seconds, Four Red Flags
Walking through a real OM extraction on a 48-unit Tampa multifamily — the structured output, the red flags surfaced automatically, and where the extraction agent saved an analyst about three hours of work.
Shipped This Week: Multi-Agent IC Pipeline
Five specialist AI agents (Underwriting, Market, Risk, Operations, IC) now collaborate to produce institutional-grade deal analysis in under 90 seconds. Live demo available.