For example on a different property I manage that is mid-tier (very lightly themed, just some wall murals etc) we booked the holidays at $875/nt this year while comps were booking in the $400/nt range.

The common theme I’m seeing is “back to fundamentals” – more focus on DSCR, realistic exit timelines, and actually stress‑testing numbers instead of assuming everything goes right.For those borrowing or lending privately right now:How are you structuring deals so both sides feel protected (LTV, DSCR, covenants, reserves)?

Economic data this morning reinforced the same theme markets have been grappling with all week: cooling but not collapsing.

Amazon announced another 16,000 layoffs, reinforcing the same theme: even the most dominant companies are prioritizing efficiency, margin discipline, and flexibility over headcount growth.

The common theme seems to be that their reports are more conservative and easier to defend, which honestly matters more than chasing the biggest paper write off.

The resulting first-year tax benefit was approximately $8,200 due to passive loss suspension rules.

The stuff that actually determines whether a deal performs after the acquisition hype fades.Over the last few years, I’ve noticed a recurring theme across many properties I’ve worked with or reviewed:👉 solid deals on paper that underperform due to execution gaps at the property level.That observation led me to launch BenVas, where our focus is:Third-party multifamily management for owners who want tighter executionOperational takeovers and due diligence supportPre-acquisition and post-stabilization operational strategyPartnering with sponsors who value ops as much as the deal itselfI’m currently:Connecting with owners and sponsors who want a more hands-on operating partnerOpen to managing or supporting 50–300 unit communitiesExploring aligned partnerships where long-term performance matters more than short-term opticsGenuinely looking to network, trade insights, and connect with others who believe deals are won in operations, not just underwriting.If you’re:An owner frustrated with execution or performance driftA sponsor looking for an ops-first partnerOr someone scaling and open to collaborationI’d love to connect and learn more about what you’re working on.Drop a comment or shoot me a DM, always open to a good conversation.— Jonathan 

Check out Pinellas county where an 800k property can generate 150k+ in revenue if you theme it out correctly.

Office and Retail is a Covid part 2, economic downturn are the big ones.The biggest “oh crap” risks in retail and office are concentrated in a few themes: tenant fragility, functional/locational obsolescence, capex time bombs, and capital markets risk that can nuke your business plan even if NOI looks fine on paper.5.Crexi, Brokers and Commercial Deal Finders- which go out and secure seller financed deals on properties.6.Commonly 5–10 years for permanent bank or CMBS debt, with overall ranges roughly 5–20 years depending on lender and product.

Treasury yields are a little higher, but yesterday’s “sell America” theme continues to drive stocks lower; the DOW is currently down 321 points.Addison, Allen, Anna, Azle, Batch Springs, Bedford, Benbrook, Burleson, Cedar Hill, Celina, Cleburne, Colleyville, Coppell, Corinth, Crowley, DeSoto, Duncanville, Ennis, Euless, Farmers Branch, Fate, Flower Mound, Forest Hill, Forney, Glenn Heights, Grapevine, Greenville, Haltom City, Highland Village, Hurst, Keller, Lancaster, Little Elm, Mansfield, Midlothian, Mineral Wells, Murphy, North Richland Hills, Prosper, Red Oak, Rockwall, Rowlett, Royse City, Sachse, Saginaw, Seagoville, Southlake, Terrell, The Colony, Trophy Club, University Park, Watauga, Waxahachie, Weatherford, White Settlement, Wylie, Dallas, Fort Worth, Plano, Irving, Garland, Grand Prairie, McKinney, Frisco, Mesquite, Carrollton, Denton, Richardson, Lewisville, or Arlington