The pro forma has a line for vacancy. It has a line for bad debt. It has no line for operational security. That is the thing this page fixes.

Because nobody could produce the number at a fair cost, in a comparable shape, across a heterogeneous portfolio. The T-12 covers rent and expenses. The rent roll covers occupancy. The PCA covers physical condition. The market report covers comps. Operational security has historically lived inside a DVR that only the on-site property manager can unlock, in a brand-specific UI that only exports motion-scan results by channel number. That is not a pro forma input. The first time the number becomes modellable is when the same edge device can plug into any DVR in the portfolio and write the same 9 field event payload to one dashboard.

Indexed incidents per 1000 resident-days, derived from a 9 field event payload (tile.label, tile.index, tile.coords, property, layout_id, overlay_mask, event_class, iso8601_ts, latency_ms). Resident-days is unit count times occupancy times days observed. Indexed events are the rows the edge device writes after overlay masks strip the clock, camera-name strip, and channel bug from each tile. The ratio is the operational-security analog of economic occupancy. It fits cleanly alongside the financial metrics in any standard pro forma template.

No. The edge device can be plugged into the HDMI output of the seller's existing DVR during the due diligence window, inline on the cable already running to the wall monitor in the office closet. The DVR keeps running, the seller keeps recording, and no admin credentials change hands. A 30 day tap during DD produces roughly 7,000 indexed events on a 16 camera property, enough to chart incident density by tile.label, hour-of-day, and event_class before the investor signs the LOI.

No, it sits next to them. A PCA measures the physical asset on one day. A security audit is a consultant walkthrough and report on one day. The 9 field indexed log is a time series of 20,000 to 30,000 event rows across 30 to 90 days. The three artifacts answer different questions: the PCA tells the investor what the asset is made of, the audit tells them what a consultant saw, the indexed log tells them what the property actually does. Investors underwriting seriously use all three.

The 9 field payload is written identically whether the recorder is a Hikvision DS-7716NI-K4, a Dahua XVR, a Lorex, an Amcrest, a Reolink NVR, a Uniview, a Swann, a Night Owl, a Q-See, an ANNKE, an EZVIZ, a Bosch DIVAR, a Honeywell Performance, or a Panasonic WJ-NX. Each brand has its own overlay mask template that the detector uses to strip the clock and channel bug. The output is the same schema. So the portfolio roll-up is a simple SQL query across 22 tables with the same columns, not a reconciliation project across 6 export formats.

Hardware is $450 per unit, one time, and the unit stays with the asset. Software is $200 per property per month, and it transfers with the property at close. A single unit covers up to 25 tiles on the DVR multiview, which is enough for most Class B and Class C multifamily properties on one edge device. A 30 building portfolio is $13,500 in hardware and $6,000 per month in software. At $72,000 a year for 30 buildings the investor is producing continuous indexed operational-security data for roughly 1.2 basis points on a portfolio with $500M of assets under management.

Strongest fit: active syndicators and private buyers in the 5 to 200 unit Class B and Class C range who are using existing legacy recorders and who want operational data in their own underwriting model. Also strong for LP commitments where the GP wants to prove operational discipline to passive capital. Weakest fit: institutional Class A new construction where the VMS is already cloud-native with an open API. For those deployments the data exists upstream of the DVR and this particular tap is unnecessary. The majority of the multifamily universe is not Class A new construction.

Under 2 minutes per property. The unit sits inline on the HDMI cable that already runs from the DVR to the wall monitor in the office closet. The investor's inspector or property manager plugs the Cyrano unit between the DVR and the monitor, powers it, and indexing starts. No DVR admin credentials, no network reconfiguration, no cooperation from the incumbent property manager. The cable goes back to the recorder when the investor is done, or stays in place through closing if the LOI is signed.

A CSV with one row per indexed event, 480x270 JPEG thumbnails for every event, a PDF summary, and a dashboard with four charts: events per 1000 resident-days, events-by-tile ranked, events-by-hour distribution, and events-by-class distribution (vehicle_dwell, loiter, tamper, person_in_zone, tailgate, package_pickup). Median capture-to-index latency on deployed units is 7 seconds. The investor has, for the first time, a dataset on operational security that is comparable to the datasets they already have on rent and on vacancy.

Agency lenders underwrite on T-12, rent roll, PCA, appraisal, and environmental. They do not require operational-security data. What they do value, and what they will note in the loan file, is evidence that the borrower is running a measurable operational program. A 90 day indexed incident log attached to the asset narrative has shown up in loan files as supporting material, not as a required deliverable. It does not replace any standard underwriting document. It sits alongside them.

Yes. The edge device reads the HDMI output of whatever recorder is producing the multiview. If the DVR is swapped for a different brand during the hold, the unit picks up the new tiles under their labels and the event payload continues in the same schema. If a new owner replaces the recorder at close, the same is true. The only operational requirement is that the new DVR continue to drive a multiview to a monitor in the office closet, which is how 100 percent of the properties we have seen are wired.

Cloud VMS platforms want to replace the DVR and the cameras. That is a $30,000 to $80,000 capex decision per property plus network upgrades plus a new recurring SaaS subscription. The pitch is valid for new construction. For 90 percent of the multifamily universe where the recorder is already on-site and the cameras are already wired, the investor does not want a capex project during due diligence. They want a read-only $450 device that sits inline on a cable and writes comparable data across the portfolio. Different problem, different solution.