Brenden Graves

@SMB_Attorney GC / Developer Las Vegas, Reno, Scottsdale Middle market- office, warehouse, retail Elite problem solver, resource and human connector Thanks! Brenden

Austin Reaves has been diagnosed with a Grade 2 left oblique muscle injury and will be out for the remainder of the regular season, per the Lakers.

@nbainsidergoat Lakers only

Good morning! Milwaukee, Golden State or Sacramento news?

@YOCspread Actually laughed out Loud

Out of all the people I know with good jobs making $400k-$1MM, absolutely zero of them want to quit to buy a plumbing company.

every syndicator buying $ billions of small bay industrial with a plan to exit at 6.5 cap at the same time in 3-5 years is going to be horribly underwhelmed when they discover the liquidity for a metal box at the value add mark to market cap rate doesn't also apply to stabilized

If I could drill this into your head, I would (non-traded evergreen fund edition): Learn how to tell where your returns are coming from. Here's how to do it: 1. The fund reports NAV (net asset value) per share (typically, quarterly) - this is the value of all assets less liabilities, divided by the number of shares outstanding. 2. NUMBER GO UP, everyone happy. Most investors stop here. 3. But not you 🫵! You won't stop there. You'll keep flipping through the quarterly report to get to the income statement. 4. In the income statement you'll look at several things (stay with me): - investment income (interest, dividends, etc) - total expenses investment income > expenses = good (net investment income > distributions = even better) 5. You will then look at *realized* and *unrealized* gains. Realized = the fund manager sold assets and booked a gain (loss). Gains are good - this means the manager sold some holdings for more than they bought them for. Unrealized = "our marks are higher than the cost" ‼️PAY FREAKING ATTENTION: this means whatever methodology they used, they arrived at some value for the assets, and this value is higher than purchase price. ❗️This doesn't mean they'll sell them at this price when the time comes. Unrealized = paper gains. New funds - understandably - do not sell many assets (i.e. there is nothing to show in realized gains or losses) I'm speaking hypothetically, of course, but it's very easy to attract new capital when NUMBER GO UP. Is it wrong to only show unrealized gains? Of course not. Just understand the difference and make decisions accordingly.

Dutch Bros developer locking in on the Starbucks closure list.

@TripleNetTyler @kaylanknit Nice form…

@kaylanknit Would love to but he no longer has the funds I countered his offer back at $46 million and got him to accept it Little trick I learned from "The Art of the Deal"

A buyer just submitted an offer on a vacant Arby’s I’m selling for $600K… He attached proof of funds: $46 million Weird flex, but okay

@myguyknowsaguy same HAHA

This app is claiming LeBron is about to be traded to the Mavs based on an anonymous account claiming to have heard this from an agent while attending summer league. If this trade happens, this is why I use this app. If it doesn’t happen, this is why I use this app.

@JasonBrend46438 @Steeezzzzzz @young_thugs_son @sponhourm He works around Luka though so that softens the blow and any assets for LeBron is more that anyone would have hoped. But the lost revenue will most likely prevent anything like this from happening.

The Flagg situation is just hitting me now.

@3NDeveloper I will kiss all the frogs to find my princess even though my princess is an absolute fat chick but im betting she can lose weight in 3 to 5 years and become a bomb shell. Totally agree on the hustle.

@dtmorgan18 Sounds like he has an elevator reputation similar to the elevator companies themselves.

@GravesD3V I think the chances are quite low

I heard a rumor Don Bren has a burner account on here 👀

@dtmorgan18 So chances of him responding to my mentor request email are pretty low then? Lol

I think he has a mixed reputation. A friend of mine used to work for him, and was in the elevator one day when Bren got in. My friend did not know what to do so he turned in face the wall so as to not look at him until he got to his floor. You’re not supposed to ride the elevator with Don.

@dtmorgan18 Oh wow. I have never actually met him or heard personal stories. I’m sure it would be easy to let something like building entire cities go to your head…. Hopefully there are more good stories than ones like this.

My dad was going to UCI while they were building the Bren Event Center... read up on him, and that became the origin of my name. Only about 5 years ago when I developed my first property did I read up on Mr. Bren and all of the charity work he has done and all of the land that he gave back to the state for preservation. Pretty awesome person to look up to in the dev world.

@dtmorgan18 That would be really cool. I was named after him. Then got into development. I would love to connect with him somehow.

The recipe for success as a real estate GP is simple. All you have to do is: - Time the market perfectly, but claim to be "market agnostic" - Co-invest in your deals with capital you don't have, but never syndicate it - Be willing to personally guarantee loans and put your family's finances at risk, but never ask to be compensated for it - Keep your fees low, but pay staff generously and invest in tech to stay ahead of the competition - Become a macro expert, interest rate expert, construction expert, permitting expert, leasing expert, and structured finance expert, but focus on knowing your local market better than anyone - Never stray from your niche, but don't get too over-leveraged to your niche - Always get the best deal flow, but make sure the brokers who bring you that deal flow never get overpaid - Make sure you have great investor reporting, timely K1s, detailed asset management, and the best acquisition team, but keep your fees low - Roll your profits into your next deal, and the next, and the next, but always have liquidity on hand to bail out deals that may be struggling (and never get paid for it) - Always make forward looking statements because investors won't cut checks if you don't, but be willing to get sued when those forward looking statements turn out to be wrong - Accurately predict impossible to predict interest rate cycles, but be willing to bankrupt your family if you're wrong And finally: never do a bad deal, period

@LakerTom I mean… I would take it, I would take 2 or 3… I just think that if that was the negotiating point on the deal, I would do this deal without the 2nd… basically saying I would trade the 1st and DK for ware and Wiggins

@GravesD3V I disagree. We have zero 2nd rounders, which has prevented us from doing multiple trades.

LAKERS TRADE FOR WIGGINS & WARE! Lakers give the Heat what they want in Rui, Dalton, and the 2031 first round pick but in return receive Andrew Wiggins and a young center prospect in Kel'el Ware. Win-Win solution for both teams.

In theater (middle east for me at the time), we set up control points to define clear perimeters, manage movement, and establish order in chaos. Construction isn't much different. Without control points clear scopes, budgets, timelines projects tend to drift, teams wander, and cost overruns creeeeeeep. Whether it’s boots on the ground or boots on a jobsite, success starts with setting firm control points before you go operational.