Results for ‘Building Adaptive’ category

What happens to Adaptive in a downturn

“What happens to you guys in a down-turn?” A contractor with whom we do a LOT of business asked us this question yesterday. He’s concerned, because he’s basically given up working with anyone else in order to handle the volume we’re sending his way. (Incidentally, he’s not the only one: We have three contractors now

938 White Knoll is done

We’re just finishing up renovations on this 9 unit property on behalf of another investor group. The property is fully leased and, in my opinion, pretty damn awesome. Take a look at the before and after shots below:

One possible outcome for Adaptive

Have been doing some musing on the future of Adaptive. One likely outcome is that we keep doing exactly what we’re doing for, say, the next 30 years. We’ve demonstrated the ability to renovate 100-150 units / year. So, if we did that, we’d end up with ownership stakes in private partnerships owning, say, 4,000

Another off-market deal

We just went under contract to buy a reasonably large non-rent control building in an area we like. The price isn’t a steal by any means, but it’s fair. The reason is that there was no auction. The broker, a reader of this blog, has been managing the building for the seller for a long

The banking time-sink

[Sorry for the paucity of posts; was on vacation with my family last week. Now I’m back in the saddle… eg, my desk chair.] Regular readers know that we take our fiduciary obligations to our investors, both actual and implied, very seriously. Among the most important of these is our responsibility to act as responsible

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