Avik M @avikXm
Real assets special situations. Not investing advice, no solicitation, do your own work etc. Los Angeles, CA Joined May 2012-
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This. More specifically, not having this provision makes it incredibly hard for us as institutional capital to believe Sponsor can actually deliver the assets at a scale that’s worth us spending time on.
This. More specifically, not having this provision makes it incredibly hard for us as institutional capital to believe Sponsor can actually deliver the assets at a scale that’s worth us spending time on.
As someone who used to manage many small multifamily properties, the creative use of space here is inspiring and practical. As someone who used to manage many small multifamily properties, the thought of repairing all of this stuff is terrifying and impractical
As someone who used to manage many small multifamily properties, the creative use of space here is inspiring and practical. As someone who used to manage many small multifamily properties, the thought of repairing all of this stuff is terrifying and impractical
I’m going to take a lot of flack for this, but I’m going to say it anyway. If you are out there doing real estate deals right now, especially ground up multifamily development, you are making unrealistic (and ridiculous) assumptions and your risk/ reward ratio is completely out…
I’m going to take a lot of flack for this, but I’m going to say it anyway. If you are out there doing real estate deals right now, especially ground up multifamily development, you are making unrealistic (and ridiculous) assumptions and your risk/ reward ratio is completely out…
CRE special servicers are making a LOT of money at this part of the cycle - and starting to take some heat from sponsors too. A suit against behemoth Rialto is particularly interesting- here's ten31's breakdown.
The hidden costs for homeownership have sky rocketed in the past years Here's a 🧵 of facts that will blow your mind:
Chinese investors are rushing to purchase gold ETFs ahead of what I think will be the PBOC buying back bonds in size for the first time in 2 decades... $GLD $PHYS $GDX $ASA The fund now trades at a 30% PREMIUM to net asset value (NAV). UNBELIEVABLE FOR A COMMODITY... "Trading…
Need 10y above 5% for any meaningful slowdown IMO. I have the largest pipeline of construction requests we’ve ever had right now. Frightening
Need 10y above 5% for any meaningful slowdown IMO. I have the largest pipeline of construction requests we’ve ever had right now. Frightening
So smart. How Gen Z is becoming the toolbelt generation - The Wall Street Journal apple.news/ALpKSoJpDR2mq7…
DTLA office at $145psf?! But it's at less than 50 cents on the dollar; what could possibly go wrong... therealdeal.com/la/2024/03/26/…
🚨Orange County Mall Loan Now in the Hands of Special Servicer The $69.2 million #CMBS loan transferred ahead of its April 2024 maturity. The loan is backed by a 1.2 million-sf regional mall in Orange County, CA. Clients have the story with #TreppWire: hubs.li/Q02qHKG20
Even the people with the money printer are broke
Homelessness Industrial Complex
Little tip on office behavior to Gen Z: Take the over-ear headphones off in common areas i.e. break rooms, kitchen, bathroom etc because a) it's pretty weird, b) the podcast or music can wait, c) small interactions in the office add up over time
Probably nothing.
How long till we start talking about another rate hike?
Real Estate Investors Favor Los Angeles, Dallas, New York and London. Very cool gif on how money has flowed over the last 20 years. costar.com/article/425809…
Moses Kagan @moseskagan
142K Followers 4K Following Owns $200MM of apartment buildings (w investors). Manages 1,000 apartments. Co-founder: @reconvenela & @reseedpartners. Join my mailing list here ⬇️
EB (On Loan) @EllliotttB
23K Followers 940 Following Commercial Real Estate; Metaverse SMB search funder; Opinions are someone else’s
Eric Weatherholtz @iononrecourse
32K Followers 659 Following Retail redevelopment since 1992. ULI Development of Excellence Award winner. World-famous newsletter: Asphalt Jungle. @realestateanon @automaticmeetup
Bobby Fijan @bobbyfijan
41K Followers 3K Following Bill James of Floorplans | Investing in Apartments for Families | Prev: Built $500MM Apartments; Co-Founder https://t.co/751CiyvDBA | Listen to me on Odd Lots Podcast ⬇️
Jeff Feldman @JeffFeldman_
18K Followers 2K Following Multifamily and Commercial Real Estate Debt | #GirlDadx4 | Arranging debt for investment real estate
Hunter 🌆 @rhunterh
16K Followers 2K Following Talking REITs for @armadaetfs, Listed real asset situations and other investment truths at Lewis Enterprises / @DailyGalbraith
Levi @Levijameshere
67K Followers 856 Following Follow me for Tweets that simplify Industrial Real Estate - Levi Benkert - CEO @ Harbor Capital - all Texas Industrial all the time 🚀
Omar Morales | Miami .. @OmarMora1es
21K Followers 538 Following i sell land & multifamily properties across South Florida @berkadia 🌴$3,329,878,000 (13,060 units, 60+ deals) closed & counting! Deal flow in link below ⬇️
Repositioning Play @GoodGuyGuaranty
17K Followers 690 Following Adding value. CRE, mostly NY, sometimes elsewhere. All gains are unrealized.
ThePupil @thepupil11
8K Followers 2K Following asset heavy companies, i steal 100% of my ideas and 50% of my due diligence from others and make lots of mistakes and generally get more credit than deserved
Matt Lasky @MattLasky
20K Followers 2K Following CRE Guy // $1.5B+ of transactions in healthcare & retail as a principal or advisor | side project - https://t.co/z9tM2PkScS |
Mezz @for_yield
15K Followers 1K Following Finance, real estate, random musings, and various delights. Debt guy by trade. It's subjective and not advice.
TheUrbanCEO @TyronMcDaniel
34K Followers 2K Following I Develop, Design & Build Attainable & Affordable Housing in Inner City Urban Neighborhoods! 🏚🏡🏘
Adam Deermount @ADeermount
4K Followers 1K Following Girl Dad, RE Capital Markets Prof @ Merage School of Biz @ UCI. Proud recipient of a lifetime ban on NextDoor.
LisaDeQuincey @W87oclSXTrkNupL
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Tothesl @Tothesl164356
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Mercedez Kartye @KarMerce
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Milan Roy @milanroy
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Larry Feldman @LarryFeldmanNYC
830 Followers 2K Following Distressed, Special Sits and Risk-Arb. Sci-Fi and poker aficionado. Senior Distressed Credit Analyst at @9fin. (Views are my own)
Marwa Spicuzza @MarwaSpicu64950
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Eric cap @ClaptonCapital
110 Followers 99 Following Ex-BB financials coverage | I sometimes buy stocks
Jim Lindsay @jimlindsay54321
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90 Followers 1K Following 加密货币｜信仰者｜推广者｜交流合作｜另外一个号: @zyhuiketing @bitezhan @weilaicaizhu ｜点击下方链接下载GATE交易所。
Georgie Mebane @georg_meban
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Comedians @Comedians18
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Dyslesme @dyslesme91408
24 Followers 2K Following
Andrew Jeffery @credealjunkie
313 Followers 281 Following 20+ yrs in CRE, $300MM in ack, specializing in multifamily, GP/LP fundraising. Once a runner, now a dad.
Ayanna Deibel @AyannaDei
13 Followers 3K Following
Audrey @Sesesla197479
14 Followers 336 Following Think less useless things, less reason indifferent people, let yourself busy, to earn more money.
Lisa Jones @LisaJones476985
163 Followers 3K Following
Arcadia @Arcadia68441644
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Leah Manino @leah_mani
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Moses Kagan @moseskagan
142K Followers 4K Following Owns $200MM of apartment buildings (w investors). Manages 1,000 apartments. Co-founder: @reconvenela & @reseedpartners. Join my mailing list here ⬇️
EB (On Loan) @EllliotttB
23K Followers 940 Following Commercial Real Estate; Metaverse SMB search funder; Opinions are someone else’s
Eric Weatherholtz @iononrecourse
32K Followers 659 Following Retail redevelopment since 1992. ULI Development of Excellence Award winner. World-famous newsletter: Asphalt Jungle. @realestateanon @automaticmeetup
Sean Sweeney @seandsweeney
83K Followers 719 Following Real estate developer. $200 million + in projects developed since 2017. Co-Founder Hall Sweeney Properties. Founder of The Bright Build developer community.
Bobby Fijan @bobbyfijan
41K Followers 3K Following Bill James of Floorplans | Investing in Apartments for Families | Prev: Built $500MM Apartments; Co-Founder https://t.co/751CiyvDBA | Listen to me on Odd Lots Podcast ⬇️
The Real Estate God @TheRealEstateG6
115K Followers 153 Following Institutional RE ($500MM+) turned REPE firm founder. Apply to work 1-on-1 with me to buy your own deals: https://t.co/IgNreCEwzF
Jeff Feldman @JeffFeldman_
18K Followers 2K Following Multifamily and Commercial Real Estate Debt | #GirlDadx4 | Arranging debt for investment real estate
Hunter 🌆 @rhunterh
16K Followers 2K Following Talking REITs for @armadaetfs, Listed real asset situations and other investment truths at Lewis Enterprises / @DailyGalbraith
Levi @Levijameshere
67K Followers 856 Following Follow me for Tweets that simplify Industrial Real Estate - Levi Benkert - CEO @ Harbor Capital - all Texas Industrial all the time 🚀
Antonia @antonia_mdprjct
36K Followers 465 Following RE Developer, doer, design & construction geek, owner @ MADDPROJECT, work from anywhere specialist, RA, NCARB. I build teams that design & build buildings.
Omar Morales | Miami .. @OmarMora1es
21K Followers 538 Following i sell land & multifamily properties across South Florida @berkadia 🌴$3,329,878,000 (13,060 units, 60+ deals) closed & counting! Deal flow in link below ⬇️
Repositioning Play @GoodGuyGuaranty
17K Followers 690 Following Adding value. CRE, mostly NY, sometimes elsewhere. All gains are unrealized.
Shawn Gorham @shawngorham
58K Followers 2K Following Value add real estate buyer. I buy the worst of the worst properties in most asset classes. DMs open for distress opportunities.
Marc Gilbert @MarcSGilbert
37K Followers 534 Following Managing Partner of Twin Oaks. Buyer of mispriced/mismanaged #CRE. Income up, expenses down, refinance. Not selling any courses. DMs Open
benmaritz @benmaritz
2K Followers 565 Following Affordable housing developer in Seattle, Tacoma and Portland. Dad, volunteer board member, aspiring pillar of the community
Swaney Group Capital @privateinequity
22K Followers 1K Following Industrials focused private markets firm | We revive nascent manufacturing businesses - Don’t close your plant! | Our Operating System is open source
John Burns @johnburnsjbrec
20K Followers 323 Following @jbrec founder and teammate, posting about our passion of solving today's housing market to help our clients navigate tomorrow.
BMW USA @BMWUSA
692K Followers 757 Following This is the official Twitter account of #BMW of North America - for BMW fans and drivers in the USA.
BMW @BMW
2.6M Followers 82 Following The official #BMW account. Come for the cars, stay for the Joy. Imprint: https://t.co/Uk7XvqjhmE
Walter Deemer @WalterDeemer
89K Followers 98 Following Retired institutional market analyst (1964-2016)
Steads @winsteadscap
10K Followers 448 Following Analyst. Reiterated Overweight by Roth, Craig-Hallum and Taglich Brothers. Unqualified opinion from Marcum. No investment advice given, opinions only. DYDD.
Blue Duck Capital Par.. @BlueDuckCap
8K Followers 2K Following L/S Hedge Fund. Blue Duck Capital, LLC is soliciting no action or endorsement based upon tweets, retweets, likes. Do your own due diligence.
𝗧𝗵𝗲 𝗨𝗺.. @EricTheUmpire
7K Followers 699 Following I call the shots. I provide updates on my own game, you play yours. (Not financial advice.) Mostly parody and speculation, sometimes a good trade.
Chris Hoffmann @STLChrisH
18K Followers 480 Following Home Service CEO committed to purpose-driven, private ownership // Investor @ Deutschmann Lane Holdings // Member @ ypo @ tugboat // Marine Corps Veteran
Michael Moreno @HealthcareREguy
14K Followers 983 Following I help investors and physicians create value and build wealth through healthcare real estate. $2B+ and 500+ deals closed. Co-lead a team of 20.
Xavier Helgesen @XavierHelgesen
56K Followers 2K Following Founder & Managing Director, Enduring Ventures. Building a Baby Berkshire. 🌳 Founder: ZOLA Electric, Better World Books, EcoSafi 🌳 Publisher, Scribe Media
Michael Arrieta @MikeArrieta
2K Followers 395 Following CEO of Garden City Companies; Board of New Story, MAV Ventures and others.
Permanent Equity @PermanentEquity
17K Followers 136 Following Permanent Equity stewards companies that care what happens next. We invest with no intention of selling in family-owned companies throughout North America.
Casey Mericle @CaseyMericle
27K Followers 1K Following Real Estate Degenerate. Opinions are free the foolishness you’ll pay for. DM like you own the place.
Gates Security @GatesSecurity
636 Followers 27 Following Premiere security service in alarms, cameras, monitoring and patrol/response. CA, ID, OR, WA. PPO 14191/ACO 6002/TFF 1067/Veteran Owned
gabbi (toxic version) @its_GOP
7K Followers 802 Following distressed / special situations | seltzer evangelist
AAII SentimentSurvey @AAIISentiment
19K Followers 5 Following The official source for the American Association of Individual Investors' Stock Sentiment Survey.
Johns Charts @johnscharts
266K Followers 67 Following Stock/Options Ideas. Not investment advice. ❤️Attack Survivor. Trader's Brew Newsletter $10 https://t.co/o5GCBYQNpY https://t.co/LjWMUvrxWc
The Bear Cave @BearCaveEmail
19K Followers 2 Following Exposing bad companies. Turn on notifications for updates from The Bear Cave Newsletter by @StockJabber. Sign up here: https://t.co/AbpNGRrMQK
zerohedge @zerohedge
1.8M Followers 901 Following
Car Wash Guy @KrissBergTweets
26K Followers 777 Following Owner ecom biz and multiple car wash locations. Pay almost no income tax. I break it all down in my free weekly newsletter, click here👇
Tom Loughrey @TomLoughrey_LFE
8K Followers 1K Following Understanding duration mismatches is the red pill. 17 yr HF PM, analyst, head trader; ex CS, Solly. All products. FLOW big data Energy quantitative fundamentals
Community Banker Guy @commbankerguy
7K Followers 188 Following Community Banker sharing insights and dropping jokes. Surviving this Fintech universe.
Bill @wabuffo
23K Followers 2K Following 1) If you have no edge, correct position size is 'don't buy”. 2) Position sizing is determined by downside. 3) All great investing records employed leverage.
Paul | LA Multifamily @LA_Multi_Fam
5K Followers 1K Following Los Angeles Apartment Buildings. We buy run down buildings, renovate them & add ADU's. We also manage & sell apartment buildings for clients. DM's open!
Daniel Dart @itsdanieldart
2K Followers 1K Following Solo GP @RockYardVC // reppin: @MIT • @MilkenInstitute YLC • @LSEnews // Believer in second chances
Paul R @unclep1234566
14 Followers 544 Following
Darth Powell 🦈🇺.. @GRomePow
20K Followers 898 Following Top 25 Business School Grad - Finance Formerly Series 7, 6, 63 Licensed New Century Mortgage (Big Short) Account Exec Backup: @gromepowburner
Artem Tepler | R.E. D.. @ArtemTepler
34K Followers 685 Following Apartment Developer | SoCal | General Contractor | https://t.co/SfjOmR7H2m
Dan Runcie @RuncieDan
33K Followers 424 Following Founder of Trapital: sharing insights on music and entertainment: https://t.co/IzGTRFRpBY
Cornelius X. Carroll @CXCarroll
5K Followers 588 Following Autodidact. Finance and technology nerd. Observer of global events. Green at heart.
Asset-Backed Alert @ABAlertNews
2K Followers 4 Following The weekly update on worldwide securitization.
TSA @TSA
258K Followers 472 Following Official Twitter account of the Transportation Security Administration. Read our social media policy at https://t.co/9HmDrK3xG2.
LAPD - West Los Angel.. @LAPDWestLA
44K Followers 316 Following This account is not monitored 24/7. If you have an emergency or if there is a crime in progress, call 911. We do not take police reports on this site.
Chris Ramsey | SMB an.. @ChrisRamsey60
20K Followers 1K Following Tech founder sharing business and real estate Contractor Garages/Self Storage/Industrial 2m+sqft deal breakdown Instagram @ TherealChrisRamsey
Sami @skr_123
20 Followers 192 Following
Quoth the Raven @QTRResearch
260K Followers 2K Following All personal opinion & snark | Not financial advice | ★☆☆☆☆ podcast | I'll NEVER DM you | Disclaimer to all posts: https://t.co/s7AtYCmH6f
Dividend Desi @DividendDesi
3K Followers 273 Following Broke during 2022 carnage of growth stocks and started my dividend stock investment journey. 2024 PADI 🎯$6000 🧱 by 🧱. No financial advise. Do your own DD.
Ye-shiva Westberg @sj_xxxxxxx
528 Followers 2K Following speculator in complex adaptive systems. single names mentioned are only in my PA (serves as an outlet to be a degen gambler). NOT INVESTMENT ADVICE MF'ERRRRR
Marilyn Moedinger @mwmoedinger
26K Followers 1K Following Founder @RuncibleStudios Architect, Designer, Consultant. RE o/o. Former GC. Finding hidden value for clients 🚀 History, art, space...etc. Newsletter + more 👇
Bank Policy Institute @bankpolicy
11K Followers 1K Following The Bank Policy Institute (BPI) is a nonpartisan research and advocacy group representing the nation’s leading banks.
MDC @ClarkinM
5K Followers 1K Following moonlight as a special sits/event-driven investor over at Clark Street Value
SMB Attorney @SMB_Attorney
110K Followers 2K Following Eric Pacifici | Helping folks buy, sell and operate enduringly profitable businesses at @SMBLawGroup & @theSMBCenter | @Kirkland_Ellis & @GibsonDunn | @dukelaw
The Wolf of Franchise.. @franchisewolf
130K Followers 605 Following Sharing insights on franchises & the entrepreneurs behind them | @dunkindonuts stan | Tweets aren't financial advice |
Jan D. Freitag @jan_freitag
4K Followers 214 Following Your daily dose of hotel data from the Costar Group
State of the LA market: Offered 65% of list price and got a call back the same day from the listing agent
“Hey dad?” “Yea, sport?” “What’s a Collateralized Loan Obligation?” “What?! Oh, jesus. Well, alright. I suppose you’re old enough for “the talk.” Son, when a syndicator and a debt fund love each other very much…”
The preferred requests for apartments dealing with not just capitalization and market headwinds but significant operational challenges are particularly hilarious. “We completely botched this and sitting at 83% occ but we just hired a new PM and trust us this time we got it fr”
$NFLX global streaming paid memberships up 16% YoY to 269.6 million in Q1 2024: "...starting next year with our Q1'25 earnings, we will stop reporting quarterly membership numbers and ARM"
Southwest LAX to PHX gonna be a lot more exciting when my 737max is firing air to air drone defense missiles while i’m trying to squeeze in one more episode of parks and rec
NatSec airchat is something else
This morning Wife: “oh wow, did you hear Chase bought First Republic?” Me: “ha, that was a while ago…” W: “oh I didn’t know, ha. What’s gonna happen to all that first republic stock you bought?” M: “uh, still have it” W: “oh nice”
Greed returns to the Stock Market after a very long and scary 3 days! Congrats everyone, we did it 🫡🥳🤑💰
My LLC name has people asking a lot of questions already answered by my LLC name…
Are you seeking a path to financial freedom and passive income, but being shut out of a proven wealth generating asset class historically only accessible to the 1% thanks to antiquated accreditation laws and a high investment minimum?
You have one sentence to establish the maximum amount of trust with a total stranger. What do you say?
2 ways to make real $ in real estate industry: 1. Be a cog in a big machine handling lots of dollars - bigger the cog, bigger the dollars 2. Be a deal mercenary - live in the shadows and pounce on only remarkable opportunities, reinvesting winnings through a long career.
Just once I'd love for a CEO to come out and say "we're not a data-driven organization. We hire wildly intelligent people who think deeply about problems using all the tools available to them. Data is a tool but it reduces the real world to unrealistically few parameters."
Re: 5.9% for $AIRC. Seems to be some confusion given the JVs. Can't use cons debt ('Total Air Share' from pg 22 of 4Q supp which incls prefs.). For NOI, annualize 4Q23 + 1% (4Q captures some 24e 'earn-in' NOI g). Proportionally consolidated (pg 20). Then deduct prop mgmt. 1/n
$BX to buy $AIRC. At $39 this is like a 5.9% implied cap rate on my 2024e NOI (prop consolidated, less prop mgmt expenses). Not great folks. seekingalpha.com/news/4087863-a…
@avikXm @moseskagan @thepupil11 @EllliotttB At a conference in OC right now and the multifamily panelists just said base on their knowledge directly from the broker, the implied cap on yesterday’s deal is 4.85%. No idea if accurate but literally was just shared on stage here.
@avikXm @thepupil11 @EllliotttB FWIW I would love someone to actually print a 7.4% cap (bc then we might have a chance of deploying some capital at interesting returns!)
@avikXm @moseskagan @thepupil11 @EllliotttB Thanks Avik - we issued a correction that our story overstated the implied cap rate.
When you play the game of Monopoly, you’re cutthroat. You buy everything you land on, build hotels and use leverage. Then, you go back to real life where you have one W2-based income, almost nothing invested (only via a 401k) and buy a lot of consumer goods. Why?
@avikXm @moseskagan @thepupil11 @EllliotttB I think implied cap rate on the deal is high 5% (5.7% - 5.9% depending on whether you use LQA or 2024e NOI). Good breakdown in this post by @PrivateEyeCap. My calculations end up basically the same place. x.com/PrivateEyeCap/…
Re: 5.9% for $AIRC. Seems to be some confusion given the JVs. Can't use cons debt ('Total Air Share' from pg 22 of 4Q supp which incls prefs.). For NOI, annualize 4Q23 + 1% (4Q captures some 24e 'earn-in' NOI g). Proportionally consolidated (pg 20). Then deduct prop mgmt. 1/n
@avikXm @moseskagan @thepupil11 @EllliotttB I’ve seen a wide range of implied cap rates. Blackstone needs to deploy to charge for AUM
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