Darius

DLJ

[Darius @chewwwna]

@nikitabier ZROZ 😢

[Darius @chewwwna]

@fortworthchris @Jkylebass Freediving/spearfishing

[Darius @chewwwna]

@flynn_bob Hey Bob, I might have a deal for you. Let me know if the below might interest you:

- CA strip center
- 40% LTV ($2mm needed)
- one of the tenants sells medical marijuana so difficult to get traditional financing

Please DM me if interested!

[Darius @chewwwna]

@James56487175 #ZROZ

[Darius @chewwwna]

@moseskagan Thank you for pointing this out.

Have owned multi tenant industrial since 05 in Orange County and NorCal.

The GFC took no prisoners and many of our tenants went out of business or couldn’t pay rent.

[Darius @chewwwna]

@DividendGrowth DLJ

[Darius @chewwwna]

Top three stories on CNBC this morning. 2024 is going to be a tough one

[Darius @chewwwna]

⚠️ WARNING SIGNS ⚠️

1. Yield curve de-inverting

2. Oil breaks below $80 (especially concerning given current geopolitical tension)

[Darius @chewwwna]

@ZeroBasis Yes

It’s the spread between the price a tenant is paying that moves out vs moves in.

Right now it’s 26% for PSA and I’m sure it’s higher for EXR.

[Darius @chewwwna]

Calling all storage Bros!

How are you modeling “market rents” given negative churn at the REITs?

PSA chart below:

[Darius @chewwwna]

@PerrySolem ECRIs

[Darius @chewwwna]

@realEstateTrent I banker learned this years ago

Practical way of concealing your laptop if you are leaving the office before 10pm on a weekday 💰

[Darius @chewwwna]

@RothCRE Please share. Thank you!

[Darius @chewwwna]

@richfalkwallace Yes please!

#ZROZbagholder

[Darius @chewwwna]

A sign we are getting close to peak rates

[Darius @chewwwna]

@STLChrisH @fortworthchris @FortCapitalLP This is really just equity with capped upside (equity risk but capped upside)

Need a bigger slug to get downside protection

In a BK scenario this won’t be the fulcrum and will get 🍩

(Note: Chris seems like a very talented operator, just a comment on the capital stack)

[Darius @chewwwna]

@James56487175 Any updated thoughts on ZROZ?

[Darius @chewwwna]

@ADeermount Can’t believe more people aren’t talking about the impending maturity wall in storage

[Darius @chewwwna]

Time to back up the truck and buy duration #zroz

Long term deflationary FORCES:

- US DEBT (US government/economy cannot survive in this rate environment)

- DEMOGRAPHICS (aging population / low growth)

- TECHNOLOGY (inherently deflationary, AI will only accelerate the trend)

[Darius @chewwwna]

@awealthofcs Look at the 04-06 hiking cycle, takes a long time for the economy to feel rate increases