Perspectives

(Note to Readers: I wrote and finalized this article on February 25, 2020. We placed it in our regular queue at that time for publication on March 25. In that short 30-day interval, the world has altered dramatically, beyond all conceivable imagination. We are...

Much has been made about changes to the tax code arising from the Tax Cut and Jobs Act (TCJA) passed into law in late December of 2017. The TCJA preserved and enhanced many of the tax benefits associated with real estate investing. Depreciation is one of the strongest...

When thinking about private equity real estate investments, many investors imagine shiny, Class-A office buildings and architecturally interesting, ground-up retail development. But in considering the long-term value and consistency of investment opportunities during...

To be a true expert in any field requires a devotion to one’s subject and expenditure of a great deal of time going deep. Knowing a subject to its greatest possible extent is almost never fully achieved but the effort is worth it. The pursuer of such knowledge is...

We thought this article was interesting. For many years Fairway has focused on the middle market (we have often referred to it as Small Balance Real Estate) and we believe that it has advantages over what others consider core or core+ markets. It’s certainly...

People ask me all the time what I think about various real estate asset types. Is multifamily still a good option or is it overbuilt and overpriced? Is office product more dangerous than other asset types, with the high capex requirements, leasing commissions, and...

Several years ago, I began writing a series of regular blogs, more like short articles really, about various aspects of what I then called Small Balance Real Estate (or SBRE). The blogs were generally well received I think because I tried to write about real, bona...