The carry trade is dead, and capital is moving to whoever can manufacture cash flow. Takeaways from a day with more than 250 investors and operators in emerging real estate.
Private wealth has passed the institutional market, and most sponsors have no idea how to reach it. A workshop on raising from family offices and RIAs.
Industrial outdoor storage, the asset class Thesis Driven readers ask about most. Coverage comes from operators rather than analysts and spans IOS tenant demand from contractors and trades to port and intermodal users, yard specification and surface quality, why yields hold up against multifamily on a risk-adjusted basis, low institutional ownership and aggregation strategy, and purpose-built secured storage yards.
Drake targets $5-20M equity in industrial outdoor storage and manufactured housing. The model, the returns, and why the overlooked niches keep delivering.
