April 15, 2025
One of the main reasons I write online is to document how I think during uncertain times, and right now, in early April 2025, things feel especially uncertain. Every major headline points to chaos: a trade war with China, a Read more…
February 23, 2025
Picture this – you arrive on a site tour and you’re met with overgrown landscaping, trash littered across the property, and a leasing office that’s completely deserted. The gutters sag with years of neglect and a quick search reveals a Read more…
December 30, 2024
Typically, at this time of the year I’m down in Florida, enjoying some time in the sun with my family. However, this year is a bit different. We’re patiently waiting a new baby, providing some extra time to ponder the Read more…
December 10, 2024
The deal had everything we look for: a clear value-add story, forced seller, and it was in a high-growth pocket within a city we’re bullish on. We structured a creative back-door equity participation with the seller, and we had pre-existing Read more…
This week, I was sitting in a conference room in Fort Lauderdale, surrounded by prominent multifamily investors. We were having a closed-door, off-the-record conversation about all things multifamily. I was in heaven. I got to ask questions and hear Read more…
In early 2023 I wrote about the evolution of Atlas, highlighting our transition from JV structures to owning deals without partners, from buying 70’s/80’s vintage assets to focusing on 2000 and newer, and from syndicating deals to raising capital from Read more…
We all know the famous Warrant Buffet quote, “be fearful when others are greedy and greedy when others are fearful”. It’s a saying that gets thrown around often these days, but not one that’s applicable to the current multifamily market. Read more…
In real estate, when the market is hot and values/cash flows are increasing, every mistake gets overlooked. When the market turns (and it always does), investors scrutinize everything. However, in today’s world where anyone can produce media, it’s not Read more…
A contemporary home near a volcanic crater lake, and a pair of two-bedroom apartments in a harbor district of Reykjavík.
A waterfront house in Richmond, a midcentury modern home in Pasadena and a Spanish-style residence in Santa Barbara.