Tim(ber) Gokhman

Developed 🌎’s tallest #masstimber #ascentmke | MD @newlandMKE | CEO @timberpartners | @YPO 🇺🇦 🇮🇱

[Tim(ber) Gokhman @TimGokhman]

I’ve assembled my 24-post #masstimber campaign into a single thread.

Enjoy.

[Tim(ber) Gokhman @TimGokhman]

Inspired by the likes of @moseskagan, @DallasAptGP, @bobbyfijan and others in the #REtwit community, I’m going to focus on sharing about #masstimber. The goal is a post every day for the next 30 days.

Let’s get started with a non-obvious one: logistics.

Unlike concrete, which is almost always sourced and mixed locally, mass timber is only manufactured in a handful of geographies across North America. That means limitations on panel size, and costs with oversized panels, if trucking the material.

If you’re shipping it (like we did, from Austria), then it’s limited by container size. The panel sizes impact design, and construction schedules, because larger panels go faster. It’s something we don’t need to think through in concrete construction.

[Tim(ber) Gokhman @TimGokhman]

Amazing to see the Pacers players coming back to the hotel after the game with Avli restaurant bags… in which Giannis is an investor/owner.

That’s class.

[Tim(ber) Gokhman @TimGokhman]

Let’s goooo @timberpartners

#whatsnext #masstimber #doepicshit

[Tim(ber) Gokhman @TimGokhman]

@aussieflya I think you are correct.

[Tim(ber) Gokhman @TimGokhman]

A comment on an article about workforce housing.

Those “crooks” are often pension funds - teachers, firefighters, public employees, etc - they represent 30 to 40% of all institutional real estate equity.

So, to fix housing, email these people and tell them to live on less.

[Tim(ber) Gokhman @TimGokhman]

https://t.co/kBsdWkjPRd

[Tim(ber) Gokhman @TimGokhman]

Roughly 30% of my husband duties are telling my wife when the cooktop is too hot, and when her coffee is getting cold.

[Tim(ber) Gokhman @TimGokhman]

Your theories work well - in 2018. They don’t work today. Have you ever done ground up development?

Madison, with median incomes 20% higher than MKE, has 42% of its population rent burdened. Rents are up 30% in 2.5 years. Whereas small govt Texas signs 99 year leases abating taxes to build affordable housing.

Please. Stop.

[Tim(ber) Gokhman @TimGokhman]

Up until 11 pm, drafting talking points for an upcoming Milwaukee-Madison thought leadership trip with @Ian_Mke

It’s been nearly 2 years of advocacy for a comprehensive workforce housing program in Milwaukee. Still no result.

This is a big reason why housing is unaffordable.

[Bill Ackman @BillAckman]

Worth a few minutes for those who have questioned the @realDonaldTrump administration’s recent deportation of Mahmoud Khalil.

[Tim(ber) Gokhman @TimGokhman]

Again - you are simply incorrect. You are not “tethering” taxes - they don’t exist without the development. So you’re comparing apples and phantoms.

The fact that you believe - with no math whatsoever- that if there’s a demand it’ll “somehow” get built makes you part of the problem. I really am sorry to make it seem personal - it isn’t - but you write your opinions as fact, and they are empirically incorrect.

[Tim(ber) Gokhman @TimGokhman]

@BoldCoastCap @Ian_Mke Also. Please provide your detailed plan for increasing incomes without inflation pushing up the cost of housing.

[Tim(ber) Gokhman @TimGokhman]

@BoldCoastCap @Ian_Mke Ross, you’re killing me. I can’t reduce poverty - i’m pretty sure you know that.

I have designed a no-cost solution for the city to increase workforce housing.

Nothing gets done if we don’t focus on the low hanging fruit.

[Tim(ber) Gokhman @TimGokhman]

It's the EXACT same thing with rental housing. Good ideas and intentions litter the road to hell.

It usually costs considerably more to build an affordable unit than a market rate unit, wasting taxpayer dollars and reducing the # of affordable units built due to regulation.

[Baptiste @BaptisteVicini]

Jon Stewart just went viral for reasons no one could believe.

On his weekly podcast, he finally realized "Elon was right" about govt corruption.

But that was just the beginning.

Here's the moment that left him (literally) speechless: 🧵

[Tim(ber) Gokhman @TimGokhman]

@BoldCoastCap That’s a good one.

[Tim(ber) Gokhman @TimGokhman]

OK #retwit - let's deliver some substance. I'll soon be moderating a panel at a multifamily symposium with a CEO of a major CRE sales/financing firm, head of equity for a large CRE investment bank, and a VP of a national developer. The panel will focus on what the next multifamily real estate cycle could look like. From 2011-2020, we had low interest rates and a ton of production.

The last 5 years have been broken by COVID, construction costs and interest rates. Homeowners with low-interest-rate loans are frozen in place. And now, the tariffs.

There are certainly investment opportunities in buying existing product, and sometimes updating those buildings to charge higher rents, but at some point, the market will want new. How could that work? What happens to affordability?

What questions would you want answered? I’ll update afterwards with main takeaways.

[Tim(ber) Gokhman @TimGokhman]

@BoldCoastCap Floor plate (depth, core efficiency, window lines) and basis (cost of the shell - has to basically be land cost).

Office is usually overparked compared to resi so that’s rarely an issue.

Historic tax credits help. Otherwise likely requires TIF. And sometimes both.

[Tim(ber) Gokhman @TimGokhman]

I guess lots of people are gonna be watching Margin Call this weekend…

[Tim(ber) Gokhman @TimGokhman]

@Michael4MKE Deep 😆

[Tim(ber) Gokhman @TimGokhman]

@MarqHamburgler Quite to the contrary, you’re very sober in your assessment. My post is facetious.

As for the rendering, that’s compliments of chatgpt.

[Tim(ber) Gokhman @TimGokhman]

Imagine! A 1,000’ tall mass timber building.

It’s easy. You don’t need any development expertise. I just created this using AI in a few minutes. Anyone can.

Next, the pro forma. Raise $300m because crypto blockchain is the future. Investor returns 🚀 🚀 🚀 .