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Dealing with leasing anxiety

We’re going through a period of intense leasing, with multiple new buildings opening up over the course of, say, 3-4 months. Long term, this is a good thing. It means we’re finishing projects we started, in some cases, years ago, fulfilling the promises we made to investors. And, in a lot of cases, it means

The money coursing through Adaptive

Yesterday, in the afternoon, I signed seven new residential leases for an average of roughly $2500 / month. It got me thinking about how weird it is that we consider leases on a monthly payment basis and about how much money is actually going through our office each month. After all, those seven leases represented

The difference between being opportunistic and systematic

For the past year or so, we have been putting out a lot of capital on behalf of one major investor. Sure, we’ve sprinkled in a few other deals with people able to write checks for $2-3MM. But we’ve mainly got into the habit of opportunistically finding deals, then bringing it to one capital source. And

A really interest personal essay on gang life

Regular readers know that criminality, in general, and gangs, in particular, are major interests of mine. It’s kind of unavoidable, when you manage buildings in gentrifying neighborhoods. If, like me, you’re interested in why people join gangs and how gang life has changed in LA over time, take a look at this personal essay in

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