Clear-eyed writing on private real estate, market structure, and the discipline behind durable returns. No noise — only the analysis that informs how we underwrite and allocate.
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Featured Renters are staying long-term, retirees are aging in place, and wealthy taxpayers are fleeing high-tax states — all converging on Sunbelt multifamily as new supply dries up.
Read ArticleMost sponsors send a PDF of bullet points and a distribution notice. Here is what institutional-grade investor reporting actually contains, walked through with a real quarterly example.
U.S. stocks have averaged 7% real returns across history. But starting from a Shiller CAPE near 40, the realistic forward 10-year number looks closer to 0-3%, and that changes where capital should go.
After 2008, large public builders increasingly shifted toward land-light models instead of holding every future homesite on their balance sheets. That change increased the role of independent land developers in the housing supply chain.
The Iran war has disrupted oil, the Fed is weighing a hike, and the risk-free rate every other asset is priced against is on the move. What that means for your portfolio, and how inversion points to what to own.
A 2024 Financial Analysts Journal study found that 53-75% of private fund fees are not tied to performance. What sinks most private deals is misaligned incentives, not risk.
Berkshire agreed to buy Taylor Morrison for $6.8 billion, repeating its Clayton Homes playbook. Why Buffett and Abel are betting big on US housing.
We write about private real estate, market structure, and the discipline behind durable returns — from why most private investors lose money to the structural forces reshaping US housing. No noise, only the analysis that informs how we underwrite and allocate.
Articles are written by Andrew Davis, founder of Equity Check, drawing on years of experience raising capital and evaluating private investments. You can learn more about Andrew on the about page.
The journal shares the same thinking behind our investment strategies and theses. Every view we publish is backed by capital we are willing to deploy ourselves.
Every thesis we publish is backed by capital we are willing to deploy. Start a conversation about current opportunities.
