roof korean (pension consultant)

Real Assets / Digital Assets

[Phil Bak @philbak1]

Recently heard an original and fantastic explanation for the plight of public REITs from a friend at a major index shop:

After the GFC, REITs could not escape their max drawdown numbers, which put them into a risk bucket they don't belong. REIT managers kept hearing from allocators that their max drawdowns were too high, thus they were deemed too risky for allocation.

So REIT managers set out to prove themselves low-risk, and systematically lowered their leverage accordingly... At the exact moment that investor risk appetites exploded and they should have been taking on more leverage.

🤔🤔🤔

[roof korean (pension consultant) @lowbasis]

@10bowaphils @literaryeric @nypost This makes no sense

[EB (Derogatory, Respectfully) @EllliotttB]

Real estate broker: I’m bullish
Investors: ofc you’re bullish you’re a broker, and the outcome doesn’t matter you still get paid

Syndicator: I’m bullish
Investors: omg

[roof korean (pension consultant) @lowbasis]

@jdmiser Dumbest take of all time

[roof korean (pension consultant) @lowbasis]

@opinioncasino Most of his deals are in the money

[roof korean (pension consultant) @lowbasis]

@EllliotttB @Camp4 This is actually so unbelievably funny

[roof korean (pension consultant) @lowbasis]

@Chicago_NFL How’s Hammond looking ?

[roof korean (pension consultant) @lowbasis]

@Chicago_NFL Do you sell sports betting picks? Auto fade type material

[roof korean (pension consultant) @lowbasis]

@GovBraun Special session incoming Mike… you should’ve waited to gravedance

[EB (Derogatory, Respectfully) @EllliotttB]

If that multifamily guy with the beard getting skewered online got a clean shave, bought a Patagonia vest, and 20x’d the amount of capital he lost, consultants would recommend a nine figure allocation in his next fund to their pension and endowment clients

[EB (Derogatory, Respectfully) @EllliotttB]

Everyone just says stuff, loudly

[Brenden Moore @brendenmoore13]

Breaking: The Illinois House votes 78-32 to approve a megaprojects bill that could clear the way for the Chicago Bears to build a new domed stadium in Arlington Heights. A major sign of progress, but hurdles remain. The bill goes to the Senate, where it will likely be amended.

[roof korean (pension consultant) @lowbasis]

@naval This is a giant zero. Wouldn’t touch it with a 100 ft pole

[roof korean (pension consultant) @lowbasis]

@CrossingBroad Damn, he was able to overcome his sex addiction ? @PSE4133

[roof korean (pension consultant) @lowbasis]

@MurrayHillGuy1 Dude, delete this asap

[roof korean (pension consultant) @lowbasis]

@Nick_Keesee @Jejoly619 Horrible analogy, but ok

[EB (Derogatory, Respectfully) @EllliotttB]

This one is so funny for the firefighters/police/taxpayers of Iowa

You see “Contrarian Distressed Real Estate Debt Fund III” in 2015 was so good at 1.2% IRR that they reupped in 2019 and stuck a -5.4% IRR, but at least the expense ratio was reduced from <checks notes> 5% to 2%

[roof korean (pension consultant) @lowbasis]

Best multifamily market in the U.S

[roof korean (pension consultant) @lowbasis]

@partners_road @AnalystEgg Very zesty post

[Perry Solem @PerrySolem]

SunTrust Special Situations Group, Atlanta, April 2001