August 18, 2026 3 min read
Where to be Overpaid for Risk & Underpay for Capital
I am writing about investing dollars – and receiving dollars – in real estate, and seeking to answer two questions: Where are you Overpaid for Risk as an Investor? Where are you Underpaying for Capital as a Sponsor? Overpaid for Risk There are often times when Investors have the chance to be Overpaid for Risk. These occur usually as a result of extraneous factors, including: Media over-hype/under-hype holds sway A major challenge to the asset class Investors are shunning the asset class, making capital raising difficult General macro forces, such as political unrest, etc.
Read MoreMay 21, 2026 3 min read
The Death of 90/10? – Deal Structuring 2.0
Everyone wants what they can’t have. And it is so hard to let go of the past. As you know, I spend a lot of time trying to help sponsors find capital and, at the same time, trying to help investors with capital put it to use. This leads me to hear the laments of all sides.
Read MoreApril 22, 2026 3 min read
Need Dollars? Need Deal Flow? Consider The Useful Bruce
It seems that, finally, real estate capital is becoming more available for deals. To that end, I highlight my company, The Useful Bruce (TUB), through which I act as a placement agent, helping real estate sponsors raise capital.
Read MoreOctober 15, 2025 5 min read
Where to be Overpaid for Risk
My belief is that real estate investing – and logically all investing – can be broken down to just four words: Being Overpaid for Risk I know I have said this many times before in a bunch of articles; however, it is a theme I do believe in, so I will continue with it.
Read MoreJanuary 7, 2025 3 min read
To Be “Overpaid for Risk” Think GP Capital | Formation of GP Capital HUB
Welcome to 2025. I hope you will have a spectacular year. As always, I was thinking about how one might be (my favorite phrase) Overpaid for Risk in 2025, and the more I think about it, the more my focus turns to so-called GP Capital. There are challenges to investing in and using it, but I have spent a solid amount of time thinking through how to address (and solve) these challenges. So, I will stick my neck out here and make GP Capital a major focus for me in 2025.
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