Just shared with me: why you need cameras on your job site!
00:00
Shlomo Chopp
20K posts
Shlomo Chopp
@ShlomoChopp
Debt Restructuring | CMBS & Structured Finance Expert | Property, Debt, and Securities Investor | Multi-Patent Holder
- Never have I heard a more complex subject explained so simply and eloquently.
00:00 - A large $382 Million multifamily 8,671 unit portfolio with a heavy southeast concentration recently went into maturity default. Sponsor is a huge real estate investor. (No I do not know why occupancy is low)
- “Real estate yields have gotten so low, it’s like shorting a stock that’s trading for a dollar. If you’re right you make a dollar, if you’re wrong, you get hung.” -Sam Zell
- I’m a one-issue voter: my right-to-life. I did not vote for Donald Trump. I voted against empowering the supporters of Jew-killers. The rest of it just doesn’t matter.
- I just hit send on the most gut wrenching email I’ve sent in my 20 years in CRE. Next week we are likely to lose our $6MM cash investment in a deal we bought in ’18. After much soul searching, there is nothing I could have done to change this, but I feel personally responsible.
- So, I’m buying a shotgun for home defense given the desire by many to kill me and my family. Any recommendations on a setup that balances caution, power security and speed with kids in the house?
- There is nothing, and I mean nothing, that compares to the ambience and feel of a breezy early summer evening in NYC.
- Sam Zell Passed away at 81 - may he rest in peace. As somebody who had the honor to pitch him, I believe that the real estate industry has lost a great man!
- The system is collapsing and the blood is starting to flow. The next three years will see an amazing transference of wealth. If you let this opportunity pass you by, you will only have yourself to blame. Think big!!!!
- Telling your kid “we can’t afford things they want” will light a fire that will last a lifetime. I’m talking from personal experience.
- If you’re buying a 6% cap today, just stay home and buy T-Bills.
- I remember when 1BR rents in Phoenix went from $800 to $250 a month. I’m in my early 40’s
- The notion that work from home is more productive than office was so asinine that it’ll serve for years as an example of how the masses delude themselves to further a convenient narrative. Yes, yes, come at me.