Reminder to #CRE deal sponsors: As lenders start asking for credit enhancements, your separate syndications need to stay separate; avoid terms that require you to cross-collateralize deals. Your investors signed up for a specific deal, not to be at risk for default on others.

Feels like two worlds comparing my experience on Twitter to all the people complaining about it like it's dying. Best social app by far. Avoiding political discourse is necessary to enjoy it. #retwit and #nba for me only, please.

Make sure to set the reminder for the twitter spaces we'll be hosting next week.

🌟 CRE Tip: 🌟 Always negotiate access to the property through the closing date. Many PSA forms only allow access during the DD period, but you may still need access later to satisfy a lender requirement, and you don’t want to be at the mercy of the seller when trying to close.

Ever wonder why so many real estate funds & partnerships choose Delaware entities? 🧐 ✨ What's the secret sauce of this small state? ✨ Just had a client ask about this, so I thought I'd share my answer: 🔸📜 DE's General Corporation Law is time-tested & comprehensive,

Traditional law firm models frustrate many lawyers because they cut against basic principles of entrepreneurship: they focus on being an employee in the business (billing hours), rather than on building the business through client development and improving processes.

✨ "Drop and Swap" 1031 Exchanges ✨ A common issue for real estate partnerships is how to get the benefits of 1031x when not all the partners want to roll over their funds. The solution could be a Drop-and-Swap 1031x. Let’s dig into how they work. 👇 *DISCLAIMERS AT END*

When launching a new CRE fund, understanding your target investors is essential. Institutions, family offices, and individual LPs each have unique preferences for hold periods, decision-making, taxes, and structure. Tailoring your offering upfront can set you up for success.

RE Deal Lawyer had a great thread yesterday on CRE loan guaranties that raised a related issue: what happens when a guaranty is enforced in the context of an LLC where only the sponsor (GP) signs the guaranty? Enter the Reimbursement Agreement (RA). A quick explanation👇

✨Welcome to Part 4 of my breakdown of CRE Purchase and Sale Agreements ✨ In this installment, we'll do a deep dive on reps and warranties from the point of view of a buyer, exploring what they are, why they are important, and best practices for negotiating them in your deals.

You can also find a long-form version of this information here: cre-source.com/cre-guides/gui…

We’re back! Twitter Spaces on investment fund economics: ✨carried interest ✨fees ✨distributions ✨capital calls ✨all sorts of other fun(d) stuff x.com/i/spaces/1djGX…

There's something magical about the way random opportunities manifest when you set a goal and just start working towards it. Things seldom work out exactly how you expect, but the outcome is almost always positive.

Lots of talk about accredited investor rules over the past few days. While the rules could be improved, they matter less than people think, and a lot of the takes I’ve seen seem to misunderstand the practical reality of raising funds for CRE deals. Here's why... If you just

On my first Father's Day as a dad, I've been reflecting on the wisdom I aim to pass on to my son. Here are 3 insights I wish had clicked for me earlier that I hope to instill in him. Let me know what you think in the comments, and feel free to add your own nuggets of wisdom. 💡

Retwit is a revelation compared to LinkedIn. It’s more authentic and informal. But people are so focused on building a niche following that they hide their most compelling passions and talents for fear of diluting their brand. Let’s change this. Talented people are good at

Great point here that I've made a few times before. Not charging any fees is a bad move and a red flag for me as an LP. Getting to a promote can take years and you want to make sure incentives are aligned along the way.

Lots of people dunking on doctors and other non-RE pros getting eviscerated in this market. I felt similarly in 2010, and I’ve since come to admire those diving head-first into the shallow end of the pool. In the aftermath of the GFC, I knew many people buying cheap SFRs hours

A good deal attorney should be like a valued biz partner. Expertise is a given. They should also be business-minded (not a deal killer), proactive (offers value without asking), prompt/responsive, efficient (good process/team) and a great connector (deals, investors, lenders).

People often ask me "you're a CRE attorney, why don't you just do your own deals?" Because it's really hard and my time is better spent growing my practice and using my knowledge and exposure to CRE GPs (relative to the average person) to identify and invest with the best.