real estate business
3 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jul 12, 2021 by David Rubenstein · across every show →
Everything said about real estate business, oldest first
Jul 12, 2021 positive
Sep 25, 2023
Forman: Post-GFC real estate flipped from alpha-driven to sector beta-driven
“I think one thing that's really interesting that's changed in the real estate business that you were getting the beta regardless of the property type. So focusing on alpha was all that mattered. Unfortunately post GFC that's completely flipped on its head. So …”
Sep 25, 2023 negative
Reference calls are less useful for real estate diligence than venture capital
“We found that the due diligence calls, which is very common, underwriting venture firms, wasn't as helpful in the real estate business. It's a less collegial business. On a venture deal, two venture firms can be on the board of a company, and they're working t…”