BC REAL ESTATE

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Michelle Tandler
@michelletandler 4 years, 6 months ago 570 views

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This is what downtown San Francisco looks like right now.

(🧵1/x)

https://t.co/XKAsS1MoSJ

https://t.co/aUNRl81svV

https://t.co/dgXp9OXiA5

https://t.co/1wPtT8V0td

https://t.co/IA6rxOefVL

https://t.co/1x9L10amAZ

I have no words right now to convey the shock and disappointment I feel towards our local government.

My hands are trembling I am so angry at our leaders.

This is their doing.

Boarded windows > broken windows.

This is what happens when the criminal justice system doesn't work.

San Francisco has become lawless and residents and businesses are going into self-protection mode.

The stats are fictitious. Nobody reports. People are hunkering down.

We are all over the news.

A shiny example of what a progressive-run city looks like.

I believe our government is more akin to a regime than a body of public servants.

San Franciscans -- this is our doing. It's up to us to reverse the trend.

If you are bothered by the direction of things, get involved.

Read San Fransicko, get on Twitter, engage with your neighbors, talk to local business owners.

This is going to take years to turn around...

First up, recalls.

(Fin)

(Follow up)

Someone sent me an album of more photos.

I made a slideshow on YouTube and added some thoughts.

Still grappling with why I think this situation is so concerning.

https://t.co/tWUnmxtym8

Someone sent me an album filled with photos of boarded up San Francisco.

I recorded some thoughts while looking through them.

Would love to know how everybody is thinking about this. https://t.co/DRmNGnL2fz
— Michelle Tandler (@michelletandler) November 30, 2021

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Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

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That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

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so i’ve been looking at the alleged “putin palace” alongside a friend who works in real estate here in nyc and really knows their way around floor plans. they prefer to stay anonymous but together we’ve made some interesting discoveries

if you look at the 2nd floor, you will see that there are 11 bedrooms in total on that same floor, 4 corner units are larger suites with living rooms, others are adjacent bedrooms only

you will also see that the alleged "putin suite" is only a bit bigger than the other suites, of which there are four on this floor, and they all have similar features

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you can’t see the balcony on the photos they provide and the shots centering the part where putin’s suite is supposed to be are from far away only: is this because they don’t want you to wonder as much?

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