01
How creative financing maximizes returns in a high-rate environment
When conventional debt becomes expensive, the structure of a transaction can matter as much as the purchase price.
Read perspectivePerspectives
Ideas worth
compounding.
Research and observations on private real estate, capital structure, underwriting, and the Mountain West markets where we invest.
02
The case for investing in Utah real estate
Population growth, employment depth, and constrained housing supply create a compelling—but highly local—investment landscape.
Read perspective03
Rent versus buy: a more honest model
The familiar price-to-rent ratio omits financing, maintenance, taxes, and the opportunity cost of capital.
Read perspectiveThe purpose
Own the math.
Explain the thesis.
Good investment decisions should be understandable. We publish the frameworks behind our thinking so assumptions can be examined, challenged, and improved.