Leyla
@leylakuni.bsky.social
Empowering fellow LP investors and providing unbiased insights at accreditedinsight.com
If you see deal pitches advertising “tax depreciation” you should 🏃♂️
December 23, 2024 at 8:09 PM
If you see deal pitches advertising “tax depreciation” you should 🏃♂️
Invest in private markets and wondering if you can lose money?
✅ Yes, you can experience a total loss
✅ Yes, it's likely more prevalent in private vs public markets
❌No shortage of volunteers to manage your money.
❓Do returns compensate for the risk ❓
✅ Yes, you can experience a total loss
✅ Yes, it's likely more prevalent in private vs public markets
❌No shortage of volunteers to manage your money.
❓Do returns compensate for the risk ❓
December 11, 2024 at 4:50 PM
Invest in private markets and wondering if you can lose money?
✅ Yes, you can experience a total loss
✅ Yes, it's likely more prevalent in private vs public markets
❌No shortage of volunteers to manage your money.
❓Do returns compensate for the risk ❓
✅ Yes, you can experience a total loss
✅ Yes, it's likely more prevalent in private vs public markets
❌No shortage of volunteers to manage your money.
❓Do returns compensate for the risk ❓
Reposted by Leyla
💸 How Carried Interest Works, Part 3
This is the third in a multi-part thread 🧵 series on how GPs and LPs split profits.
This one focuses on American vs. European waterfalls.
Please share if you find this valuable 🙏🙏🙏
This is the third in a multi-part thread 🧵 series on how GPs and LPs split profits.
This one focuses on American vs. European waterfalls.
Please share if you find this valuable 🙏🙏🙏
December 1, 2024 at 8:20 PM
💸 How Carried Interest Works, Part 3
This is the third in a multi-part thread 🧵 series on how GPs and LPs split profits.
This one focuses on American vs. European waterfalls.
Please share if you find this valuable 🙏🙏🙏
This is the third in a multi-part thread 🧵 series on how GPs and LPs split profits.
This one focuses on American vs. European waterfalls.
Please share if you find this valuable 🙏🙏🙏
Nothing is stopping this train: BalckRock is under tentative agreement to purchase HPS Investment Partners, a $150B AUM private credit firm.
The untapped frontier for further growth: packaging it up in a pretty (liquid) wrapper and offering private credit to retail investors.
The untapped frontier for further growth: packaging it up in a pretty (liquid) wrapper and offering private credit to retail investors.
December 1, 2024 at 4:20 PM
Nothing is stopping this train: BalckRock is under tentative agreement to purchase HPS Investment Partners, a $150B AUM private credit firm.
The untapped frontier for further growth: packaging it up in a pretty (liquid) wrapper and offering private credit to retail investors.
The untapped frontier for further growth: packaging it up in a pretty (liquid) wrapper and offering private credit to retail investors.
Today I’m thankful that I don’t have to cook a turkey (we are going to relatives for dinner)
Happy Thanksgiving! 🦃
Happy Thanksgiving! 🦃
November 28, 2024 at 5:34 PM
Today I’m thankful that I don’t have to cook a turkey (we are going to relatives for dinner)
Happy Thanksgiving! 🦃
Happy Thanksgiving! 🦃
This chart shows the impact of cap rate expansion on multifamily property valuations.
Example: A Class B property that was worth $22.2M at the peak in 2021-2022 is now worth as little as $18.1M (assuming NOI remained the same)
Example: A Class B property that was worth $22.2M at the peak in 2021-2022 is now worth as little as $18.1M (assuming NOI remained the same)
November 26, 2024 at 11:09 PM
This chart shows the impact of cap rate expansion on multifamily property valuations.
Example: A Class B property that was worth $22.2M at the peak in 2021-2022 is now worth as little as $18.1M (assuming NOI remained the same)
Example: A Class B property that was worth $22.2M at the peak in 2021-2022 is now worth as little as $18.1M (assuming NOI remained the same)
Ever find yourself in need of a video summary? Here's how I summarized a 45 minute video in 5 bullet points (took me 2 minutes):
➡️ go to tactiq dot io to transcribe a video from a YT link
➡️copy the output to chatGPT and ask to summarize.
It's all free, btw.
➡️ go to tactiq dot io to transcribe a video from a YT link
➡️copy the output to chatGPT and ask to summarize.
It's all free, btw.
November 25, 2024 at 9:24 PM
Ever find yourself in need of a video summary? Here's how I summarized a 45 minute video in 5 bullet points (took me 2 minutes):
➡️ go to tactiq dot io to transcribe a video from a YT link
➡️copy the output to chatGPT and ask to summarize.
It's all free, btw.
➡️ go to tactiq dot io to transcribe a video from a YT link
➡️copy the output to chatGPT and ask to summarize.
It's all free, btw.
Rent growth by market, from Yardi
November 25, 2024 at 8:35 PM
Rent growth by market, from Yardi
Need s u b s t a c k reccos. Please drop your favorites in comments. Compiling a list
November 25, 2024 at 3:21 AM
Need s u b s t a c k reccos. Please drop your favorites in comments. Compiling a list
Spoiler alert: one of the most boring Deal or No Deal stories I wrote up.
But if you invest in retail, you'll want to read it.
We’ll discuss why it’s important to evaluate these three things:
1. Location and market demographics.
2. Tenant quality and lease terms.
3. Financial assumptions.
But if you invest in retail, you'll want to read it.
We’ll discuss why it’s important to evaluate these three things:
1. Location and market demographics.
2. Tenant quality and lease terms.
3. Financial assumptions.
November 25, 2024 at 12:48 AM
Spoiler alert: one of the most boring Deal or No Deal stories I wrote up.
But if you invest in retail, you'll want to read it.
We’ll discuss why it’s important to evaluate these three things:
1. Location and market demographics.
2. Tenant quality and lease terms.
3. Financial assumptions.
But if you invest in retail, you'll want to read it.
We’ll discuss why it’s important to evaluate these three things:
1. Location and market demographics.
2. Tenant quality and lease terms.
3. Financial assumptions.
There is no rational explanation to have children. I’m serious: they are expensive, life-altering, they scream for years and will ruin every nice thing you own.
It’s only after you become a parent that it all starts making sense — turn your brain off and just do it.
It’s only after you become a parent that it all starts making sense — turn your brain off and just do it.
November 23, 2024 at 6:47 PM
There is no rational explanation to have children. I’m serious: they are expensive, life-altering, they scream for years and will ruin every nice thing you own.
It’s only after you become a parent that it all starts making sense — turn your brain off and just do it.
It’s only after you become a parent that it all starts making sense — turn your brain off and just do it.
A decent LP deal (after a loooooong stretch) landed in my inbox:
Grocery-shadowed retail, major market, entry cap rate around 7%, attractive assumable loan (fixed, low rate, amortizing), decent promote over 8% pref (and pref should be paid current with cash flow), reasonable fees.
Grocery-shadowed retail, major market, entry cap rate around 7%, attractive assumable loan (fixed, low rate, amortizing), decent promote over 8% pref (and pref should be paid current with cash flow), reasonable fees.
November 19, 2024 at 3:15 PM
A decent LP deal (after a loooooong stretch) landed in my inbox:
Grocery-shadowed retail, major market, entry cap rate around 7%, attractive assumable loan (fixed, low rate, amortizing), decent promote over 8% pref (and pref should be paid current with cash flow), reasonable fees.
Grocery-shadowed retail, major market, entry cap rate around 7%, attractive assumable loan (fixed, low rate, amortizing), decent promote over 8% pref (and pref should be paid current with cash flow), reasonable fees.
BA analysts showing incredible depth of perception
November 18, 2024 at 11:39 PM
BA analysts showing incredible depth of perception
Resi brokers be like:
“Irreplaceable location. Own a piece of Seattle history”
“Irreplaceable location. Own a piece of Seattle history”
November 18, 2024 at 5:36 PM
Resi brokers be like:
“Irreplaceable location. Own a piece of Seattle history”
“Irreplaceable location. Own a piece of Seattle history”
There is a concept of tourism in investing: "locals" live and breathe the asset class for decades, "tourists" are simply passing by. Guess who typically gets taken to the cleaners?
November 18, 2024 at 3:07 PM
There is a concept of tourism in investing: "locals" live and breathe the asset class for decades, "tourists" are simply passing by. Guess who typically gets taken to the cleaners?
Interest coverage ratio shows how easily a company can covers its debt obligations - the higher the better.
This is one of the metrics we look at when analyzing private credit funds.
In today’s article, we discuss the outlier on the left - $KBDC
This is one of the metrics we look at when analyzing private credit funds.
In today’s article, we discuss the outlier on the left - $KBDC
November 17, 2024 at 4:03 PM
Interest coverage ratio shows how easily a company can covers its debt obligations - the higher the better.
This is one of the metrics we look at when analyzing private credit funds.
In today’s article, we discuss the outlier on the left - $KBDC
This is one of the metrics we look at when analyzing private credit funds.
In today’s article, we discuss the outlier on the left - $KBDC
I do like a good visual.
One shortcoming of showing this in the format presented is the relative scale of two circles: it’s not easily discernible, and makes it hard to tell that there is a staggering $1.7 trillion deficit
One shortcoming of showing this in the format presented is the relative scale of two circles: it’s not easily discernible, and makes it hard to tell that there is a staggering $1.7 trillion deficit
November 17, 2024 at 1:34 AM
I do like a good visual.
One shortcoming of showing this in the format presented is the relative scale of two circles: it’s not easily discernible, and makes it hard to tell that there is a staggering $1.7 trillion deficit
One shortcoming of showing this in the format presented is the relative scale of two circles: it’s not easily discernible, and makes it hard to tell that there is a staggering $1.7 trillion deficit
To all you haters of baggy pants:
Today I was mistaken for an undergrad student by 2 freshmen doing a class project on college campus.
Why? I was wearing baggy jeans and generally looked like a homeless person.
I graduated ~20 yrs ago.
This is called positive reinforcement
Today I was mistaken for an undergrad student by 2 freshmen doing a class project on college campus.
Why? I was wearing baggy jeans and generally looked like a homeless person.
I graduated ~20 yrs ago.
This is called positive reinforcement
November 16, 2024 at 8:17 PM
To all you haters of baggy pants:
Today I was mistaken for an undergrad student by 2 freshmen doing a class project on college campus.
Why? I was wearing baggy jeans and generally looked like a homeless person.
I graduated ~20 yrs ago.
This is called positive reinforcement
Today I was mistaken for an undergrad student by 2 freshmen doing a class project on college campus.
Why? I was wearing baggy jeans and generally looked like a homeless person.
I graduated ~20 yrs ago.
This is called positive reinforcement
Reposted by Leyla
Elon Musk backs Howard Lutnick as agent for ‘change’ at US Treasury
https://www.ft.com/content/ce143f05-aaa1-4aad-8ed7-0d6321753d10
https://www.ft.com/content/ce143f05-aaa1-4aad-8ed7-0d6321753d10
Elon Musk backs Howard Lutnick as agent for ‘change’ at US Treasury
Tesla boss publicly lobbies Trump to choose Cantor Fitzgerald boss over Scott Bessent in key economic role
www.ft.com
November 16, 2024 at 7:26 PM
Elon Musk backs Howard Lutnick as agent for ‘change’ at US Treasury
https://www.ft.com/content/ce143f05-aaa1-4aad-8ed7-0d6321753d10
https://www.ft.com/content/ce143f05-aaa1-4aad-8ed7-0d6321753d10
Industrial CRE report: we are starting to inch toward equilibrium
November 16, 2024 at 8:14 PM
Industrial CRE report: we are starting to inch toward equilibrium
What's better: distribution yield of 10.1% or 11% for a private credit fund?
Trick question. The right answer: "It depends"
Example: these 👇are two public BDCs (business development companies), we compared data for the last twelve months (LTM).
Trick question. The right answer: "It depends"
Example: these 👇are two public BDCs (business development companies), we compared data for the last twelve months (LTM).
November 16, 2024 at 3:54 AM
What's better: distribution yield of 10.1% or 11% for a private credit fund?
Trick question. The right answer: "It depends"
Example: these 👇are two public BDCs (business development companies), we compared data for the last twelve months (LTM).
Trick question. The right answer: "It depends"
Example: these 👇are two public BDCs (business development companies), we compared data for the last twelve months (LTM).