What I'm Reading Narrative Shift: Distressed debt funds are rebranding themselves as "opportunistic credit" as they come to the realization that distressed opportunities don't really exist at the moment. WealthManagement.com Turning Point? North American sublease office sector inventory declined for the first time since the pandemic began. Cushman and Wakefield...
November 18th – YOLO
Closing Announcement: RanchHarbor recently closed on Glenbrook Apartments, a 112 unit value add property in Boise, Idaho. Glenbrook is our second acquisition in the Boise market. We are excited about the closing and renovations are already underway. REBusiness Online Want to see more opportunities from us? Sign up here: RanchHarbor...
October 26th – Cooling Off?
What I'm Reading Cooling Off? Some of the hottest housing markets in the country are showing signs of slowing down with inventory increasing and more sellers reducing asking prices. Bloomberg The article specifically talks about Boise - a rental market that we are bullish on (we recently closed our second multifamily...
May 10th – Leading Indicator
What I'm Reading Out Ahead: Zumper's National Rent Report last week showed some improvements in most, but not all of the expensive coastal cities that were hit especially hard by COVID. IMO, the big news was in some of the raw search data that wasn't in the report but rather...
March 30th – Game Over
What I'm Reading Game Over: Massive crowdfunding sinkhole Prodigy Network has filed for Chapter 7 bankruptcy. The company, which had raised a reported $690MM from investors was overleveraged and besieged by lawsuits when its founder died suddenly in May and investor communication ceased. This is a tragic reminder of the...