Because there's no demand for the life science space they went all-in on and the lender just took the property back.
But somehow, to poster above, just putting the deal together is proof Stockdale is 'plenty smart.'
Why do we twist ourselves into pretzels to spin clearly-failed deals as evidence of how smart someone is? "Such and such was a brilliant deal, just mis-timed." Or "this deal would have worked out except they lost their biggest tenant." Or "rates just went against them."
Well, yes, if you selectively ignore all of someone's missteps / misjudgments, they will bat 1.000.
Sheesh dude, that is quite the response. I am now questioning everything I know about real estate investing.
Capital is raised, capital is allocated, capital is rarely if ever returned. Tons of folks misplaced capital in the past 5 years. By your logic, they all demonstrated poor judgement and missteps?
That said, I'll meet you halfway - HP was a massive bet in a so-so location in DT SD. Questionable for sure but deserving of a tip the cap for the vision and conviction. A series of very smart and sophisticated investors (initial equity, debt, follow on equity, follow on debt, and I may be missing one here... lost track) saw the vision as well.
Let's not stray too far - Stockdale is a more than capable shop with an impressive track record. Their investment style is opportunistic (ehm, Horton Plaza) which obviously comes with a healthy dose of risk.
Stockdale is the yari family office but have now grown to raise money from outside investors. They have had a few bad deals as Horton was mentioned but am told they have also had lots of great deals especially on medical office space. Lots of smart folks there. Pay is at market so expect to work a decent amount of hours but not IB hours. Overall good reputation and still too early to comment on exit ops but their team comes from good shops and good schools so would expect decent exits. Let me know if you have specific questions I can do my best to answer
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Horton Plaza just went back to the bank after being financial engineered until death. Such a cool concept caught in a bad market.
Other than that very recent and highly publicized deal gone bad, I don't know much. Sure they're plenty smart to put something like Horton together.
Why was it engineered to death?
Because there's no demand for the life science space they went all-in on and the lender just took the property back.
But somehow, to poster above, just putting the deal together is proof Stockdale is 'plenty smart.'
Why do we twist ourselves into pretzels to spin clearly-failed deals as evidence of how smart someone is? "Such and such was a brilliant deal, just mis-timed." Or "this deal would have worked out except they lost their biggest tenant." Or "rates just went against them."
Well, yes, if you selectively ignore all of someone's missteps / misjudgments, they will bat 1.000.
Sheesh dude, that is quite the response. I am now questioning everything I know about real estate investing.
Capital is raised, capital is allocated, capital is rarely if ever returned. Tons of folks misplaced capital in the past 5 years. By your logic, they all demonstrated poor judgement and missteps?
That said, I'll meet you halfway - HP was a massive bet in a so-so location in DT SD. Questionable for sure but deserving of a tip the cap for the vision and conviction. A series of very smart and sophisticated investors (initial equity, debt, follow on equity, follow on debt, and I may be missing one here... lost track) saw the vision as well.
Let's not stray too far - Stockdale is a more than capable shop with an impressive track record. Their investment style is opportunistic (ehm, Horton Plaza) which obviously comes with a healthy dose of risk.
I can smell your insecurity.
If I had to guess you're a niche i-sales broker who wasn't "smart" enough to make it on the principal side out of college. Am i wrong?
Its one of those if you know, you know, type of situations. You clearly don't know.,
BTW cardone doesn't do large scale mixed use development
Yes - you can message me direct.
Would be helpful if you could answer here. I am interested to know more, as I am sure other are as well. It is an anonymous forum after all.
Stockdale is the yari family office but have now grown to raise money from outside investors. They have had a few bad deals as Horton was mentioned but am told they have also had lots of great deals especially on medical office space. Lots of smart folks there. Pay is at market so expect to work a decent amount of hours but not IB hours. Overall good reputation and still too early to comment on exit ops but their team comes from good shops and good schools so would expect decent exits. Let me know if you have specific questions I can do my best to answer
Et provident facere excepturi ipsum possimus earum ut. Voluptatem qui numquam provident dolor nemo sed. Provident pariatur corrupti rem velit aspernatur.
Consequatur aut voluptatem animi ad. Doloribus omnis ducimus praesentium nihil est. Velit odio ea nihil odio.
Et tempora quis a dolorem. Non id molestiae est accusantium vitae voluptate esse. Architecto voluptatem voluptas hic ipsa ea fuga laudantium. Dolorem libero minus et a veritatis quo.
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