How a fund manager gets paid

Do you ever wonder how, exactly, Adaptive makes money? Figured I’d break it down for you. Today, let’s talk about our investment funds. These are discretionary investment vehicles. That means a group of people with capital to deploy commit a certain amount of money (say, $100-250k) to the entity. Then, we, as managers of the … Continue reading “How a fund manager gets paid”

An email filter I’d like

Can someone please figure out how I can block solicitations from brokers who want to sell me “turn-key” assets? “Turn-key” is broker-speak for “No value left to add”. Don’t misunderstand: There is a large group of investors for whom turn-key deals make a ton of sense, including everyone who has bought deals from me over the … Continue reading “An email filter I’d like”

The brokerage is beginning to hit its stride

One of the things I wrestle with is how much time to devote to our brokerage operation. As many of you know, I supervise six agents who help investors buy and sell investment property in gentrifying parts of LA. Compared to our fund management business and our fee-for-service development business, the brokerage is tiny. To … Continue reading “The brokerage is beginning to hit its stride”

Apologies

We’re absolutely slammed right now with deals, renovation projects, and capital raising. It’s kind of a curse of this blog that some of the most interesting things we do can’t be shared here because they would give away information to our competitors, create competition for deals we want to buy, screw up deals we’re trying … Continue reading “Apologies”

Elected!

Am delighted to announce my election to the Mid-City Neighborhood Council. Regular readers know how much promise I think exists in our neighborhood, which includes (roughly) the area between Venice and the 10, from Culver City all the way east to Koreatown. Mid-City is incredibly well-located: I’ve personally driven to the heart of Culver City … Continue reading “Elected!”