pro forma
A summary of an economic analysis of the costs and value of a proposed real estate development; typically includes land costs, hard costs, soft costs, equity, and sales price or amount of the permanent financing. See also life-cycle costing. 2. a set of assumptions and calculations that projects the financial return that a proposed real estate development is likely to create; this document is used commonly when seeking financing, attracting partnerships, or presenting a project to investors. (Kremer, 2025)