Author Archives: Vessi Kapoulian

The same deal can be presented two ways. In one version, an investor protects one hundred percent of their capital. In the other, that same investor recovers roughly twenty cents on the dollar. Nothing about the building changes between the two stories. The only thing that moves is the exit cap rate. A few years […]

Almost every operator sends the same two documents. The operating statement, which shows the property produced income over the period. The balance sheet, which shows what it owns and owes on a given date. Both are necessary. Both are standard. And on their own, neither one answers the question a limited partner actually needs answered: […]

The Busy Professional’s Guide to Passive Apartment Investing, second edition, is now live on Amazon in print, digital, and audio format.  It officially reached best seller status across multiple commercial real estate categories. Thank you to everyone who bought a copy, attended the Live, sent proof of purchase for the bonuses, and shared the announcement.  […]