Discussion
Every entitlement and land banking play I've wanted to look at on a platform has been behind an accreditation wall. The open offerings on those same portals are pooled vehicles ho…
Discussion
Two offerings sitting open on my list right now and they're forcing a choice I've been avoiding. First one: a 140 unit 1980s garden apartment value-add in a Sun Belt secondary mar…
Discussion
Trying to make an apples to apples comparison and I don't think I can. On the portal: a five year multifamily equity deal, 11% target IRR, 1.5x equity multiple, distributions star…
Discussion
I'm three deals into the portals now and the thing I got wrong at the start was spread. My first check was $1,000 into a single value-add multifamily deal because it looked like t…
Discussion
Two equity offerings in front of me, same asset type, both targeting low teens IRR on a five year hold. First one: sponsor puts in 10% of the equity alongside investors, 2% acquis…
Discussion
Went through a subscription agreement last night and found the sentence that made me stop. The platform describes itself as the portal and the technology provider. The issuer is a…
Discussion
Two offerings on the same portal, both multifamily, both roughly four to five year holds, and the distribution structure is the only thing I can't reason my way through. One pays…