Is There Arbitrage Opportunity in Multifamily Today?

Arbitrage is such a great word. It implies some sort of mystery, intrigue, intelligence, and opportunity. All things that are attractive to us as humans and certainly the opportunity piece as multifamily investors. The word emerged through the course of a conversation I had with a friend and real estate broker this week as we […]

Multifamily Market Mid-Year 2020

As we round first base in the 3rd quarter of 2020, from my perspective we’re settling into a new-normal. A normal that is full of question marks and ambiguity. Not an easy place to be as an investor, but the appetite for multifamily remains quite strong. The first half of 2020 is essentially the tale […]

Will Empathy Make Us Better Investors?

Does anyone else feel like we’re about 17 months into 2020 even though we’re only at the mid-July point??? The events of the last couple of months have been heavy, this year has been heavy, and I for one am feeling the weight. No need to rehash why, I know we’re all aware. I started […]

3 Reasons Syndicators Should Embrace Mandatory Lender Reserves

Have you ever run out of gas? I’m not talking the figurative gas tank, but the literal one we have in our vehicles. (Tesla owners sub gas for electricity…) I had a truck years ago that frequently over-stated the amount left in the tank and one time it got the better of me. Embarrassingly enough […]

The Difference Between Recourse and Non-Recourse Loans

I don’t have the exact quote, but the star quarterback turned real estate mogul Roger Staubach was asked about his biggest regret in building his real estate portfolio. His response was he wouldn’t have used debt with an unlimited personal guaranty attached to it. He felt that over years of experience a non-recourse approach was […]

To Reserve or Not to Reserve, That is the Question

With the rise of the COVID-19 pandemic, operating and capital reserves have become a topic of discussion for apartment syndication sponsors and investors alike. For some, today’s uncertainty is a chance to brag about their foresight in raising a large war chest for tough times, while others fear they will soon pay the price for […]

Will the Coronavirus Create More Renters?

This pandemic-caused global downturn we’re currently slogging our way through is the latest economic scar on the psyche of the Millennial generation that may convince them to remain renters long after COVID-19 is a chapter in the history books. As masks have become the new norm as we venture out of our homes in the pandemic, […]

COVID-19 – A Blessing in Disguise?

As soon I typed that title, I immediately felt internal resistance. Is that just insensitive? Is it too soon to even be having that sort of conversation??? It may be. Our nation, our world, our economy is in some real turmoil right now. And the last thing I want to do is pour fuel on […]

Timing the Market – 3 Step Process to Win the Refi Game

Fear and greed are the two main drivers that commonly derail day traders in the stock, futures, and Forex markets. Given the wild swings in the stock market due to COVID-19, it is hard not to be intrigued with the quick gains the stock market could provide if only you pick the right side of […]

What Toilet Paper Shortages Teach Us About Interest Rates

I hate jumping on the Coronavirus bandwagon of content, but like it or not, it is having a real effect on our global economy and is causing a lot of uncertainty in the financial markets. This uncertainty is impacting the interest rates available on commercial real estate debt. It’s really hard to say, nor is […]