Johnny Utah

@horseshoetrl @Bkclaims Deals they would quote me were generally 3% origination on invested capital. If it was 6% that but the hurdles were extremely attractive for developers on shitty deals...sorry cuspy. But something was always just too slippery to ever even entertain it.

@therealev @Bkclaims 3% is less than half of what they get upfront

Everyone is focused on S2 Capital, but I'm starting to think the more interesting entity may be Trinity Investors. Based on Trinity's own materials, they're far more than a passive investor - they're a capital-raising platform, alternative asset manager, and sponsor with a $5B+ portfolio that partnered on numerous S2 transactions. The question I'm trying to answer is what role Trinity played not only in raising the capital, but also in structuring the private REIT and the investor consent/reapproval process that followed. I'd love to hear from anyone who invested through Trinity or understands the relationship between Trinity and S2. Who managed the investor relationships? Who communicated the restructuring? How were the feeder vehicles and approvals actually handled? It feels like Trinity may be the key to understanding how the entire capital stack was assembled - and ultimately restructured.

@hitsamty @harrisonfinberg Deal me in what he buy?

@harrisonfinberg Insiders got the scoop today, I'll DM you

Gary Barnett making Philly moves is just so fun. That city deserves a bit o' dealmaking spice

@coachseider Ken Talley

☘️☘️

@landon_tengwall He's got it all. Freak athlete. Add some weight and he has the ability to be the best pure TE we've had.

Luke Reynolds really caught my eye while I was going through Tyler Warren’s tape. His blocking progressively got better and better as the season went on. You can see he has that OL mentality of wanting to bury guys in the run game

YO PEEPS!!!, Another Giveaway from @SMITEGame to The People, 1x SMITE 2 Lord Slashington III Fenrir 1x Rise of the Gods Premium Wandering Market To enter: -Follow Me @Kingkmanthe1st on X -Subscribe To My YouTube Channel: @ChiTownGamers" target="_blank" rel="nofollow noopener">youtube.com/@ChiTownGamers (Screenshot It & Send It via DM To Verify That You Subscribed) -Like this tweet -Retweet this tweet -Comment if you’d like the Premium ⛽or the Top Hat 🎩 Fenrir Winners will be drawn on the Feb 22nd at 9:30pm CST Good Fortune To Ya & See you on the Battleground of the Gods

@landon_tengwall 85 needs to have a massive role this game

Xavier Watts plays in the 1 High Safety role a lot for ND. Meaning it’s Man Coverage across the board and then Watts is roaming. I’d expect to see a ton of Watts vs Warren in man coverage instead of him sitting in the 1 high Safety role. This is the matchup of the game

@JoshPateCFB 13 averaging 10 YPC and no touches there

Penn State play selection has been a dereliction of duty by this offensive staff on several occasions

@MrFamilyOffice Kingbird

What family offices are for here's what the families behind family offices say: Strategic Role of Family Offices: Most family members think the key role of the family office is to manage the family’s balance sheet Focus Areas: The top priorities for families are: investment management, wealth transfer, succession planning, and legacy/impact Long-Term Emphasis: Families still prioritize long-term success over short-term Core Objective: Financial asset management is the primary goal for 95% of U.S. family offices and 100% of international family offices Succession Planning: Nearly 70% of global family offices focus on preparing the rising generation or wealth advisory as goals (although fewer have clear succession plans) Entrepreneurial Legacy: Over 40% aim to continue the family’s entrepreneurial legacy Philanthropy and Legacy: Family offices also support philanthropic and social/environmental impact goals, along with preserving the family’s business and community standing source: JP Morgan 2024 Global Family Office Report

@Joel_Haas1 Guy wouldn't know an empty calorie if it kicked him in the teeth.

Oh brother

@TripleNetInvest The only way it makes sense is as a covered land play in land constrained markets. The fee in the land in theory should be protected because Callaway leverages their leased fee into a leasehold generally with an entertainment REIT. They end up investing almost $40M into LH IMP

This real estate leased by Top Golf is yours for: -Price: $39.5M -Cap Rate: 6% -Location: North Charleston, SC It boggles my mind that any CRE developer would take on a project to build for Top Golf given the risks For the latest updates on commercial real estate just like this, make sure to follow @TripleNetInvest

@realEstateTrent SF? Hell no that's a product of their own dunbass policies. The fuck around and find out model.

@SeanFitzOn3 Fine but get the first and then throw the smash fade

Didn't hit hit really liked the third down smash fade. Gotta complete it.

We'll take that mic #RingTheBell

@SeanFitzOn3 Fuck this Yokozuna wannabe

"They do a tremendous job in recruiting and they’re allowed to do things there at Penn State that allow them to get a lot of skill players in the program." 🤔

@SeanFitzOn3 Bad bad.

Florida bad?

@realEstateTrent LTV is less relevant (regardless of acq cash in) than DY, DSCR, exit uw and quite candidly rollover risk - locations are so much more important as well - nobody is stretching .... that's worth borrowing from.

I'd think we'd be a no-brainer to a lender. -Strategy successfully demonstrated dozens of times -Almost 40 strip malls purchased -Deep niche expertise for 15 years -55% Max LTV Yet, they see us pretty much like anyone else coming through that door. Such a broken industry.

@realEstateTrent Fuck around and find out....should paid the prepay when rates were stupid low and locked in again if cash flow is that important.

Same guy

From my friend who owns around 10 strip malls

@realEstateTrent There are just more variables to unpack - escalations with cpi adjustments or fixed adjustments, full term IO vs mortgage constant - again conceptually speaking don't disagree just there are layers like 10% cap might be a hunk of shit that provides no real exit but positive lev.

@therealev you are missing the concept of opportunity cost of cash