Case Studies

Imaginary Gains, Real Fees

🧮 How private funds turn paper profits into real fees (and why LPs need to read page 763 of the prospectus)

Jun 8 •

Multifamily Real Estate: a Curious Case of Financial Engineering (and a Complex Capital Stack)

How a Complex Capital Stack Nearly Broke My AI (plus 20-Minute Market Research Tool You'll Love)

May 25 •

Industrial Deal Case Study

How My Mini-Me Flags Red Flags, Stress-Tests Deals, and Writes Better LP Questions Than Most Allocators

May 11 •

Big Money, Bigger Mistakes

The $5.4 Billion Stuyvesant Town Gamble That Went Bust

Apr 27 •

Non-Performing Loan Case Study

Turning a Busted LIHTC Deal Into a $3M Win

Apr 13 •

Multifamily Preferred Equity Case Study

What an old banker can teach you about evaluating preferred equity deals

Mar 30 •

Multifamily Recapitalization Case Study

When Everything Old is New Again

Mar 16 •

Skyscrapers, Scandals, and Ground Leases

A Legendary Story and a Case Study

Mar 9 •

Private Credit (Non-Traded BDC): A Valuation Black Box

How fund managers mark their loans—and what investors need to watch for.

Feb 23 •

Multi-Family Preferred Equity [NO Deal]

Are You Asked to Throw Good Money After Bad?

Feb 9 •

JV Multi-Family Deal

And What Retail LPs Should Know

Jan 19 •

Non-Listed REIT (CRE Debt)

A Simplified Framework for Initial Screening

Jan 5 •

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