Keep Calm and [No] Carry On

This week, it’s time to address the unrealized elephant in the room that is the biggest pain point in institutional CRE: Carry, or more precisely the lack of it. Thousands of the smartest guys and girls in the business have spent the last few years preparing for an outcome that never came. Grappling with that reality is shaping everything from talent moves to firm restructurings. Plus, our Punch List rundown of the newsiest industry happenings: Floyd Mayweather v Jona Rechnitz; Barry Diller-MGM; Gary Barnett's $3.8B financing; LA office market; RIP Nanobanc.
Sponsors:
1) LoanBoss, the industry-leading debt management software, now supercharged by AI.
2) Bravo Capital, a leading HUD and bridge lender. Join our upcoming HUD webinar on Oct. 14 here
3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity.
Partner Content:
"Inside the Capstack" with Gibson Dunn's Jennifer Yashar. Yashar talks through structuring leases on ground-up towers from a tenant's perspective.
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Further Reading/Listening
Confessions of a Battle-Scarred GP
Paycheck Confidential: A GP Reveals Real Coin
Key Blackstone Cub Leaving Lair
Private Equity’s Path to Riches Is Getting Harder to Follow