New York City

“I think we were, 99 was the only class of Harvard graduates that sent more people to San Francisco than New York City, which was a leading indicator of what was going to happen, and it did happen a year later.”

“I don't think that there's any Black parent, especially a Black parent living in the neighborhoods I lived in, who don't have the talk with their kids about what it means. To be an African American, especially in a place like New York City, where they don't ta…”

“So we don't own anything in San Francisco or New York. We own a couple hotels in New York. We own no office, no residential anymore, and we've been active in these markets. We got out years ago, way before COVID.”

“The profitability of a yellow taxi driver was superior to that of an Uber driver.”

“It probably was more of a cash out trade vis-a-vis the hedge fund industry, 1520 years ago, because the motivation was really a tax arbitrage. And a hedge fund that is trading relatively actively is going to generate mostly short-term gains, and that will pay …”

“We actually own no debt secured by office in New York City.”

“There's over a million properties in New York City, over a thousand lenders, currently over six hundred billion of active debt secured by real estate in New York City.”

“Maverick has become the number one buyer of non-performing loans secured by real estate in New York City.”

“We make money by buying those loans at a discount to the underlying collateral value, and then encouraging repayment from the borrowers. The profit is made up of any discount to the principal balance that we are able to negotiate with the lenders, as well as t…”

“Working from home has hurt us a little bit, actually, because people can now, for example, work from home for an employer in New York City, and then move to Austin. And so they don't need to necessarily change employers. And folks can leave us And join a firm …”

“When COVID hit, I just sold the company a few months earlier, and I was one week away from signing Three restaurant leases in New York City.”

“If you go back, the most interesting and best performing hotel market In the world from 1987 to 2007 was New York City. The worst performing hotel market in the United States from 2007 to 2019 was New York City.”