Insights

Perspectives on investing, risk, and capital allocation across market cycles.

Capital Preservation as a Strategy, Not a Constraint

December 9, 2025

Most investors treat downside protection as a limiting factor. We view it as the foundation for compounding returns across full market cycles and building durable wealth.

Investment Philosophy

What Makes a Deal Investable (and Why Most Aren't)

November 18, 2025

Deal flow is abundant. Discipline is rare. We outline the specific criteria that separate opportunities we pursue from the hundreds we pass on each year.

Market Commentary

How We Think About Risk in a Higher-Rate Environment

October 29, 2025

Higher rates don't "kill" real estate—they expose weak structures. We examine how leverage, refinancing risk, and cash flow durability must adapt to preserve capital when easy credit ends.