m. stanfield
@resetbasis
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affordable housing. rubber mallet capital. https://t.co/N6472uJdVp
Joined January 2018
Gonna help you out. If you see a slide like this in a pitch deck, you're the yield.
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Ford Raptor owners, which is more difficult? 1. getting into a tight parking space 2. convincing women you're over 5'8
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Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light.
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The American Dream is to slowly convert retail capital into GP capital through a complex set of fees in a way that's only loosely correlated with performance.
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One bad real estate deal can make up for five good ones. Be careful out there.
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It seems my wife has taken in a stray cat, looking for names. Finalists below, but suggestions welcome.
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"The pressure to deploy today is greater than the pressure to generate strong returns tomorrow." I've seen this in our business for the past six months, and the feedback from institutions indicates they're seeing the same. Large multifamily real estate built after 2000 is
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The best thing about real estate conferences is seeing how many different shades of blue a blazer can be produced in.
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Here's a wild idea. Maybe stop paying syndicator GPs a 4% acquisition fee.
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LP: We want distress GP: Cool, here's some LP: Jesus Christ, no. Not like that. That looks scary. We're thinking more newer vintage, distressed capital stack. GP: Ahh...got it. Cool, here's some. LP: Interesting, but we only want primary markets. GP: Alright, how about this?
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Great data from @Newmark this morning. The average spread to homeownership is $1,241 per month, roughly 2.7x greater than the long-term average. Sadly, the picture for homeownership is bleak at the moment.
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Maybe, and hear me out on this, homes are overpriced and we shouldn't subsidize demand.
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Motel-to-residential conversions are a complex mechanism for slowly transforming LP capital into GP capital through a variety of fees that are uncorrelated with performance.
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Gonna start writing about all the mistakes I've made. This is the first installment.
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"As we fortify the present, we are also building the future. In a world where Liquidity defines value, we are introducing the Nitya Tokenization Initiative — a step that will reshape how our investors access their capital without altering the fundamentals of ownership."
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Decent real estate investing advice. Be really honest about the resources you currently have. Then, go compete against people who have similar/fewer resources. Pick smart fights.
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