LP Digest #60
Return dispersion, shallow bay, asset allocation, and non-accredited investors vs gambling
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A great point on the dispersion of outcomes in listed REITs - the same thing is very true across private investments even if the type of real estate is the same
I wrote on the pros/cons between public REIT vs single asset syndications here
An interesting look inside shallow bay vs larger box development
A worthwhile read from Howard Marks on asset allocation
An interesting look inside the lender’s perspective - different outlook & analysis relative to equity
Many folks didn’t like what I had to say here, but I still stand by my comments… curious to hear your thoughts :)
Gentle reminder that manager selection is a big part of real estate investments, and the first (of three) LP pillars for a reason
Ending with a meme ahead of the holiday weekend… some will get it, others will get upset at me (but deep inside we all still know there’s at least a little truth in every joke 😊)
Have a wonderful weekend!
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