Pro

Map the vehicles from JV to public REIT, and how each changes the investor's experience

Read REITs, traded and non-traded, on FFO and the liquidity premium

Use DSTs for a 1031 and Opportunity Zone funds for deferral, step-up, and elimination

Run the developer's model: the pipeline as a portfolio and the five ways deals fail

Select a site on traffic and access, utility capacity, and demand generation

Build a development pro forma with yield-on-cost, S-curves, and interest reserve

Pull the four value-creation levers an asset manager owns across the hold

Write the annual business plan with targets, variance analysis, and a hold/sell trigger

Build a 10-year CapEx schedule and fund reserves with discipline

Read the four sources of distress and where you sit in the cycle

Buy notes at a discount to par and run the note-to-own play

Work the lender's toolkit: A/B notes, workouts, and the borrower's leverage