Why We’re Buying Land, Not Building, in This Part of the Cycle
Kaufman & Company’s President & CIO on why the platform is running its land pipeline harder than its construction pipeline right now, and what has to change before that flips back.
LandBriefing Hot Spots
A weekly read from LandBriefing, Daniel Kaufman’s National Land Opportunity Watchlist published by Kaufman Real Estate & Consulting, 14 metros scored for land-investment opportunity. Hover a marker for the read, click through for the full brief.
What Lean Six Sigma Taught Me About Modular Construction Timelines
Oldivai Capital’s COO, a Lean Six Sigma Black Belt, on applying manufacturing-floor discipline to a modular housing schedule, and where most operators still let variance creep back in.
The Entitlement Process Is the Real Underwriting: What Kills Deals in Zoning
Kaufman & Company’s General Counsel on why the spreadsheet is the easy part, and the planning department is where most deals actually live or die.
Private Credit Has Quietly Replaced the Regional Bank for Mid-Market Developers
Kaufman & Company’s CFO on a structural shift in construction and bridge financing that most sponsors under $50M in annual originations haven’t fully priced in yet.
What Emergency Medicine Taught Me About Underwriting Workforce Housing
Oldivai Capital’s CEO, a practicing emergency physician, on the diagnostic discipline he brought from the ER into real estate, and why housing instability shows up in his patients before it shows up in any market report.
The Case for Fewer, Larger Positions: How We Think About Concentration Risk
Diversification is supposed to be free risk reduction. Kaufman & Company’s CIO argues that past a certain point, it just means owning more deals you understand less well.
Ground Leases Are Having a Moment, and Most Sponsors Don’t Understand Why
Kaufman & Company’s General Counsel on the structural reasons ground leases are reappearing in deals that wouldn’t have considered them five years ago.
On-the-ground investor reporting curated from KeyCrew’s real estate desk, market by market, deal by deal.
Loading investment intel…
Deal announcements, launches, and groundbreakings across the Kaufman & Company platform and the wider industry.
Loading industry wire…
25+ Years, $2B+ Deployed, One Discipline: Underwrite the Downside First
Daniel began his career building, lending, and investing in Detroit in 1992. He now leads Kaufman & Company, a permanent-capital holding company spanning ten operating companies, from workforce housing to data-center infrastructure, and writes on real estate and capital markets for the Journal, Substack, and Medium.
Perspectives, deal news, and investor intel, twice a week, no fluff.