real estate

“So the lovely thing about real estate, it's the slowest moving asset class you could ever find. Because supply takes around three years to manifest itself, and a hundred percent of supply is visible because you can't build anything without filing for permits, …”

“If you own almost today commodity anything, it's bad. If you own commodity office, bad. If you own commodity retail, bad. You own commodity industrial, bad. In fact, if you own commodity hotels, bad. If you, what's great today is all of those things in the top…”

“When you're looking for a house, don't optimize, because everybody will want that house. Instead, find something the house has, which most people won't like, but you don't care about.”

“Actually, someone who's invested 15 years in doing up a house probably cares about what the person buying it is going to do to the house.”

“The vast majority of what people consider passive income, they're working their butts off for, particularly real estate. If you're a landlord and people are like, oh, it's passive income. No, it's not. Your toilet breaks, the roof leaks, the tenant doesn't pay…”

“And I see that a lot of big investors are reducing their exposures to real estate. So that's probably a good sign, right? That there are better times ahead.”

“Well, I think the stuff to lean against if you really want to do the opposite of everybody else would be to, you know, do less AI related investments and more real estate investments.”

“Of deals that we choose to pursue, but then, you know, in diligence or in structuring decide to walk away, there's two reasons that Are most common. One, we don't like the revenue construct or the corporate credit counterparty that backstops that revenue const…”