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PACE Finance

The Real Estate Philosopher consists of thoughts from Bruce Stachenfeld and friends


October 15, 2025    5 min read

Data Centers Finance GP Capital Ground Leases Joint Ventures/Corporate Real Estate New York City Development PACE Finance Platforms Real Estate

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.

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Subscribe to the Real Estate Philosopher

As the Chairman of Adler & Stachenfeld – a law firm in mid-town NYC known as The Pure Play in Real Estate Law – I am inviting you to join The Real Estate Philosopher®.

This will consist of my thoughts and also the thoughts of friends and colleagues.

It will not be published in any traditional media – it will go only to friends of our firm.  The purpose here is very simple – to put forth thoughts in the real estate world that are different, provocative, and challenging of accepted wisdom.  Hopefully, nothing said here will be mainstream thinking.

I have found that I have an unusual place in the real estate world.  As the chairman of The Pure Play in Real Estate Law (one of the largest real estate law practices in NYC), I interact with an incredible number of real estate players.  This ranges from small real estate shops with nothing but a gleam in their eyes, to some of the largest real estate institutions in the world, and everything in between.  This gives me a unique and global perspective and allows me to act as an amateur philosopher in the real estate world.  This has always been my hobby and it is what I love doing.

Regards,

Bruce M. Stachenfeld
a.k.a. The Real Estate Philosopher®

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  • About Us
    • Building Clients' Businesses
    • The Pure Play
    • Our Clients
    • Thought Leadership
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    • Administrative Management
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    • Diversity, Equity and Inclusion
    • Social Justice
    • Hedgehog Principle
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