All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
every post in the capital rooms
Posting this because I've mostly been the person asking what a first deal costs, and this one closed and I can show the whole shape of it. Sponsor was a regional operator with in-…
$250k committed, three year term. Management fee 1.75%, and here's the clause I read and did not think hard enough about: charged on committed capital, not on invested capital. Th…
Two things I've read a lot of and can't square. First, storage is defensive. Demand comes from life events, people die, divorce, downsize, get a new job. Those things happen in go…
The 2025 law added enhanced incentives for investments in rural zones and tightened which census tracts qualify at all. I've been reading fund decks on both sides of that line and…
Two open-end debt funds on my desk and I've been going back and forth for three weeks. Fund A. $740m loan book, 118 loans, weighted coupon 10.4%, weighted LTV at origination 63%,…
Ground-up on a small infill project, $3.2M total cost. Bank offer is 8.25% floating at 55% loan to cost, full recourse, and I'd be writing a $1.44M equity check. A debt fund offer…
I've been reading two hospitality fund decks side by side for about a month, and they've pushed me into a disagreement I can't settle on my own. Deck one is all about segment and…
Renovation is what I actually know. Scope creep, change orders, subs who vanish on Fridays. Money is where I'm dumb, so bear with me. Situation: left a job four years ago, 96k sti…
I've got a couple of small multifamily buildings held personally and an old employer 401k I can roll. The reasoning I keep landing on is that depreciation, cost segregation and 10…
Working through a $75m storage fund, first close done, second close is the one I'd be in. Blind pool apart from two seed assets. The model shows a weighted average going-in cap of…
I've been doing due diligence on a couple of storage sponsors and I can't get a straight answer on the entry point. One deck says $250k minimum, one says $1m, and a third told me…
Signals that are cheap to fake make me suspicious, and "the GP is co-investing alongside you" is starting to look like one. Two decks on my desk this month both lead with it. One…
Before my first LP position I asked the sponsor for references from investors in their earlier deals. They gave me six names. I found two more myself through a local investor grou…
Working through sizing and I keep landing somewhere unsatisfying. Say 400k to deploy over roughly three years, minimums of 50k, so call it eight positions. If I spread eight check…
The clause was three words long. "Exclusively sourced by consultant." I read it, thought it meant the parks I brought them, and signed it on a phone call. Setup: a mid-size aggreg…
Writing this out because I'd have wanted to read it two years ago. A sponsor I'd met through the management side raised a $2.6M mezz piece behind a $7.9M senior on a 60 unit value…
I've been comparing two loan requests and the collateral question is bothering me. One is a 96 lot manufactured housing community, tenant-owned homes, lot rent well under the loca…
I have a list of nine names and a broad index fund written on the same page and I keep switching which one is underlined. Not buying yet. The tilt argument is straightforward. Sup…
Wired $25k into a small industrial deal in March. Four tenants, 41,000 square feet, a sponsor who does about one of these a year in a market I know because I grew up two towns ove…
I'm on three sponsor email lists and all three found me through paid ads. Someone in another thread said the better deals never get advertised at all because of a rule about needi…