Blogs

For me, Q4 is always a time of reflection, adjustment and preparation. I’ve spent a significant amount of time looking back on numbers for 2023 and the 1st half of 2024, trying to glean insight into what is working, what has stopped working and where my energy should be spent headed into next year.  In […]

As a corollary to Mason’s thoughts on the causes of failed developments, I wanted to discuss the opportunities created from them. Having done business in over a dozen states, failed developments that are secondary or tertiary to primary markets consistently show up as my favorite places to do business. Let me explain with an example. 

Our Thoughts and Updates From Dan: Irony I was reading a news article about distress (moreso the lack thereof compared to expectations) in the office space. There was a line that made me think about an overarching concept that’s important to understand which was, “America’s office firesale has barely begun”. I have been reading headlines

Introduction Hello everyone! This is the first of what will be a monthly newsletter that we will be sharing with you all where we will be detailing what we’re doing, seeing, and buying in our businesses across the country. Over the years, we’re both enjoyed reading memos and newsletters from some of our favorite investors

I’ve had a number of conversations recently that prompted me to write a quick excerpt on how I’m approaching the current market. One in particular stood out to me when someone asked “Is land investing even feasible in the current market?”. This seems to be the question on many peoples’ minds regarding the real estate market as

This isn’t what you want to hear Throughout my teenage years, I lifted weights religiously and competed in a number of bodybuilding competitions. The goal of competitive bodybuilding was to grow your muscles as large as you could while simultaneously carrying as little body fat as possible. The sport required extreme levels of commitment and

The Efficient Market Hypothesis (EMH) is a controversial theory within the world of economics and investing. First established in the 1960s, the theory has been hotly debated for decades among investors and economists alike with evidence to support both sides of the argument. The recent increase in the influence of the idea can be seen

In the United States during the 60s and 70s there was a group of stocks labeled “The Nifty 50”. They were blue chip stocks whose underlying companies were purported to be bulletproof. These were stocks that couldn’t go down and had consistent earnings and growth over long periods of time. There was a frenzy of