Thesis Driven

Thesis Driven

Share this post

Thesis Driven
Thesis Driven
Thesis Driven Mailbag: September 2023

Thesis Driven Mailbag: September 2023

Answering your questions about real estate, the markets, and building companies

Brad Hargreaves's avatar
Brad Hargreaves
Sep 21, 2023
∙ Paid
2

Share this post

Thesis Driven
Thesis Driven
Thesis Driven Mailbag: September 2023
Share

Thesis Driven dives deep into emerging themes and real estate operating models. Today’s letter is our monthly mailbag in which I answer questions from subscribers. Want to ask me an anonymous question? Email me at brad@thesisdriven.com

The average Thesis Driven letter weighs in at a bit north of 2,500 words. While that’s a reasonable length for a deep dive into farmland investing or PropCo structures, it doesn’t afford us much flexibility to tackle other topics of interest to our readership.

So we’re introducing a regular (monthly?) mailbag in which I respond to anonymized inquiries from Thesis Driven readers. Today’s topics include:

  • What US city I’d pick to invest in real estate;

  • What I’d do if I were CEO of WeWork;

  • My take on real estate operating expense inflation;

  • The biggest mistake I see real estate tech entrepreneurs make;

  • An update on the Thesis Driven developer database.

If you had to buy real estate in any US city today, where would you pick? —JD

Am I looking to preserve wealth or create wealth? If I’m a high net worth individual looking to park $20 million I’d have a different answer than if I were a GP looking to clear a 8% pref return hurdle in 3 to 5 years.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Brad Hargreaves
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share