

Acquisition Predictive Intelligence — Structural reads on timing, entitlement friction, and the forces that shape land deals.
Portfolio drift occurs when acquisitions follow opportunity instead of structure; disciplined posture keeps portfolios aligned with long-term strategic position.
Entitlement friction is not random; it emerges from municipal bandwidth, narrative alignment, infrastructure tension, and timing cycles that can be read early.
Acquisition risk begins well before underwriting—shaped by timing windows, entitlement friction, capital posture, and the terrain's hidden behavior.