Large multifamily
Apartment communities bought on cap rate and operated by teams — where scale starts working for you instead of on you.
2 pieces, ordered by horizon
Y12Apartment underwriting: reading a T12 like a lenderThe trailing twelve, the rent roll, and the eleven adjustments that turn a broker pro forma back into reality. How large multifamily actually gets priced — and the discipline that keeps you from paying for someone else's projections.Deep dive7mY13The value-add multifamily playbookBuy the under-operated building, fix the operation, and let the income approach do the rest: the classic levers, the renovation math that has to clear 20% returns to be worth doing, and the era-tested lessons from the deals that didn't make it.Deep dive7mMore in Wealth
Raising capital & syndicationFrom partnerships to your first LP raise: securities rules, waterfalls, investor reporting, and reputation as the asset.CommercialOffice, retail, industrial and triple-net: trading tenant turnover for lease term, and underwriting credit instead of carpets.Tax strategyDepreciation, cost segregation, 1031 chains and the step-up in basis — shelter while you hold, defer when you trade, step up when you transfer.Portfolio architectureEntities, debt structure at scale, insurance and asset protection — engineering the machine so no single failure reaches the whole.Legacy & transferEstate structure, heirs who understand the machine, and deciding what never gets sold. The point of the whole sequence.