Blog

October 11, 2016 | Matt Burk

For more than 15 years now, I have attempted to identify and articulate Fairway America’s core values – a set of shared principals and beliefs that drive our behaviors and shape our organization. I cannot remember where I was first...

June 22, 2016 | Matt Burk

There are a lot of great things about Small Balance Real Estate (SBRE) funds. A well-conceived and well-run fund can produce attractive risk adjusted returns completely non-correlated to the broader equity markets. They can produce...

reflections-SBRE-summit-laguna-beach
May 25, 2016 | Matt Burk

In July of 2014 on our flight home to Portland from an east coast family office conference, a conference like so many others with which we were utterly disillusioned and disappointed, Darris Cassidy and I wondered aloud why there wasn’t...

The SBRE Vision
April 28, 2016 | Matt Burk

Creative destruction is alive and well. Technology combined with the entrepreneurial spirit is transforming entire industries. There are some very obvious examples – Uber in transportation, Airbnb in hospitality, Tesla in automobiles,...

Small Balance Real Estate Funds—Structure Matters
March 30, 2016 | Matt Burk

This week’s blog is another excerpt from my upcoming book, “Capital Attraction: The Small Balance Real Estate Entrepreneur’s Essential Guide to Raising Capital”, which will be available on April 17th. This particular excerpt...

What is an SBRE Entrepreneur?
March 17, 2016 | Matt Burk

In about 30 days, I will be releasing my first book called “Capital Attraction: The Small Balance Real Estate Entrepreneur’s Essential Guide to Raising Capital”. The next few blogs will be excerpts (or very close to excerpts) from that...

How Important is “Skin in the Game”?
March 7, 2016 | Matt Burk

One of the most common questions I get asked in various forms from both SBRE entrepreneurs and investors is about the idea of “skin in the game”. Investors will frequently ask a fund manager or syndicator (let’s call them “Sponsors” for...

SBRE Entrepreneurs and Wall Street – Oil and Water
February 17, 2016 | Matt Burk

Not long ago, I was talking to one of our good clients who was telling me about a meeting he had just had with someone from one of the best-known investment banking firms in the country. His Small Balance Real Estate (SBRE) fund was way...

The Capital Structure Progression of SBRE Entrepreneurs
February 2, 2016 | Matt Burk

SBRE entrepreneurs come from various places. If you are one, you may have worked as or for a mortgage broker, real estate lender, developer, builder, loan servicing shop, attorney, and/or in many other environments in and around the...

RIAs and Alternative Investments - Belief vs. Actuality
January 27, 2016 | Matt Burk

At one point or another, almost all the Small Balance Real Estate (“SBRE”) entrepreneurs I meet, coach, advise, and/or invest in ask me what I think about raising capital from financial planners, wealth managers, or Registered...

Small Balance Real Estate – 2015 Reflections
December 30, 2015 | Matt Burk

Working on plans for a new year and reviewing performance from the past one often puts me into a reflective mood, which I can be prone to by temperament anyway. Something about the time of year, the turning of the calendar, and perhaps...

SBRE Entrepreneurs vs. Institutional Capital – David and Goliath?
December 8, 2015 | Matt Burk

One of the most interesting yet frustrating aspects of the real estate investment world to me is the uneasy and challenging relationship between non-institutional and institutional players, between small balance real estate...

The SBRE Investor Continuum
November 20, 2015 | Matt Burk

There are a large number of real estate asset based funds out there, the vast majority of which are small balance real estate (SBRE) funds, attempting to raise capital from investors. The mainstream media and most industry publications...

SBRE Funds - Does Size Matter?
November 6, 2015 | Matt Burk

I read an interesting article today called “Does small equal beautiful in private equity”? In it, the author attempts to address the general tendency of investors (and humans in general) to focus on size as a measure of worth, value,...

Lessons on Leadership:  My Evening with President Bush
October 21, 2015 | Matt Burk

Last Friday night on the final evening of our third Small Balance Real Estate Summit, in Dallas Texas, I had the unique privilege to meet and interview former President of the United States, George W. Bush. Just prior to going to stage...

THE UBIQUITY OF SBRE ENTREPRENEURS
September 24, 2015 | Matt Burk

As we approach our 3rd Small Balance Real Estate Investment Summit (coming up October 15-16 in Dallas TX), I am actively working with many fund managers and investors on many levels and many fronts. From discussions with...

Should I Start My Own Fund?
September 10, 2015 | Matt Burk

For some reason, running a pooled investment fund seems to have a great deal of appeal to many a would-be manager. I am continually amazed at the number of people I meet who seem to at least contemplate starting their own fund. One...

SBRE Funds and Institutional Capital
August 27, 2015 | Matt Burk

The more I meet and talk with SBRE fund managers (experienced, new, or aspiring) from around the country, the more I have a firsthand opportunity to witness (and hopefully assist with) their challenges, opportunities and pursuits. And...

August 11, 2015 | Matt Burk

One of the challenges in an open-ended Net Asset Value (“NAV”) pooled SBRE fund is determining what value to ascribe to any given individual asset in the portfolio at any given point in time. In fact, this is one of the most frequently...

Importance of a Good Origination Platform
July 30, 2015 | Matt Burk

A key element of all successful SBRE entrepreneurs is their capacity to originate and/or acquire attractive assets consistently. What methods, mechanisms, and systems do they have to dependably originate and/or acquire their deals? What...

Are You Investable?
July 15, 2015 | Matt Burk

I have believed for years that institutional money is not a very good fit for the small balance real estate (SBRE) entrepreneur. This is true for several fundamental reasons that do not seem to change but only to get more deeply...

Photo of Mountain Trail
February 10, 2015 | Matt Burk

Why did we launch SBREfunds.com?

In late 2011 when my partner Lance Pederson and I conceived...

Photo of Apothecary Scale
January 7, 2015 | Matt Burk

The Small Balance Real Estate (“SBRE”) entrepreneur, you may remember, I define as any person running a full time business that does some type of real estate asset based deal (e.g., real estate loans, direct property ownership, buying...

Photo of Business Holding Small Home
December 4, 2014 | Matt Burk

One of the things I love so much about small balance real estate (SBRE) is the wide variety of strategies that are pursued all over the country by what I’d call “small balance real estate entrepreneurs.” From making...

Photo of Stacked Coins
December 2, 2014 | Matt Burk

Matt Burk, CEO of Fairway America spoke with...

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