Institutional capital rarely moves quickly, but when it does, it tends to move with conviction. Over the past several years, pension funds, insurance companies, sovereign wealth vehicles, and large private equity platforms have steadily increased allocations to workforce housing. This shift is not driven by short-term yield or trend chasing. It reflects a structural reassessment […]

No real estate asset is completely immune to economic downturns. Rents can slow, expenses can rise, and capital markets can tighten. Yet among housing strategies, workforce housing consistently demonstrates a level of resilience that places it closer to “recession-resistant” than speculative. To understand why, it’s important to look beyond marketing language and examine how workforce […]

Every real estate strategy looks attractive during expansion. The real test comes when conditions tighten—when capital dries up, demand softens, and underwriting assumptions are stress-tested by reality. Workforce housing has gained investor attention not because it outperforms in boom times, but because it holds up when markets turn. Understanding how workforce housing behaves across economic […]

Passive loss rules are one of the most misunderstood parts of real estate fund investing. Many limited partners see depreciation losses on their K-1s and immediately ask the same question: Why can’t I use these losses to offset my income? The confusion is understandable. Real estate funds are marketed for their tax efficiency, yet many […]

For high-income investors, taxes are often the single largest drag on long-term wealth. At higher brackets, ordinary income, capital gains, and surtaxes can consume a meaningful portion of returns before capital has a chance to compound. This is why many sophisticated investors look beyond headline returns and focus instead on after-tax performance. Real estate funds […]

Depreciation is one of the biggest reasons limited partners invest in real estate funds. It reduces taxable income, improves after-tax cash flow, and allows investors to defer taxes while capital compounds. But every experienced LP eventually hears the same question: What happens at exit? That question leads directly to depreciation recapture—a concept that is often […]