Discover and read the best of Twitter Threads about #greatdealsonly
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In the US, the real estate tax code is written in a way twisting investors’ hands to always be exposed only via equity.
However, this is not the case in other jurisdictions.
We make a case that mezzanine debt is the most versatile exposure throughout the whole cycle.
However, this is not the case in other jurisdictions.
We make a case that mezzanine debt is the most versatile exposure throughout the whole cycle.
In a perfect world:
• at the early stage of the real state cycle be accumulating at depressed valuations
• at the mid-cycle continue accumulating, while also lending via mezz debt
• during the late-cycle stage lending via senior & mezz debt, with rare if any equity exposure
• at the early stage of the real state cycle be accumulating at depressed valuations
• at the mid-cycle continue accumulating, while also lending via mezz debt
• during the late-cycle stage lending via senior & mezz debt, with rare if any equity exposure
Deal selection will always be the most important aspect of the alternative asset capital allocation process.
We have a saying: #greatdealsonly which means we will search far & wide, and look at 100s of opportunities, before deciding to expose to a single one.
We have a saying: #greatdealsonly which means we will search far & wide, and look at 100s of opportunities, before deciding to expose to a single one.
This was our call a year ago...
Contrarian investing at its best.
Contrarian investing at its best.
Not only has the medical cannabis ETF gone up a lot from its depressed lows,
But the $USD has gone down a lot vs the Canadian Dollar.
That’s what we call a one-two punch!
#greatdealsonly
But the $USD has gone down a lot vs the Canadian Dollar.
That’s what we call a one-two punch!
#greatdealsonly
My mentor used to say:
Timing isn’t everything, it’s the ONLY thing.
Timing isn’t everything, it’s the ONLY thing.
