All Forum Posts by: Jonathan G.

Did the Sponsor ever come out with this thread?

It appears that there will be a slow downward grind over 2024-25 for commercial office space/buildings given the work from home trends that have developed as a direct result of COVID-19. Doesn’t seem like things are going to be changing anytime soon. It seems in many cases, it’s not financially viable to repurpose the space for multifamily, storage, etc. Some cases the land is worth more than the buildings.
It seems we all have hindsight when it comes to the 2008 downturn but what’s the play 10 years from now when we look back on 2024 / 2025? 

Thanks for all of the numbers from the GPs. Can anyone share what numbers they are seeing as LPs?

@J Scott

Thank you J for your numbers.

@Greg Scott

Thanks again Greg

@Michael Margarella

Thanks Michael. All of our deals have had a cost segregation study. Thanks for the numbers as 40% on storage sounds solid. I checked out your website. Has that particular deal went full cycle? Thanks again.

@Percy N.

Thank you Percy. Yes the taxman will eventually get his cut. However, you don’t necessarily have to do a 1031 exchange as you can always just reinvest your original capital (plus the gains) into a new syndication the same tax year and those gains will be also be deferred further down the road. I appreciate you providing the numbers and looks like your LPs are generally well taken care of. . 

@Emmanuel Sanchez

Looks like your lease already had you covered but I would recommend that you reword it to say that “renters insurance is required” as a part of the lease. first of all, renters insurance is cheap, and all Renters should have anyway. It’s similar to driving your car without insurance or not having insurance on your own personal home. This will be a learning lesson for your tenant. 

@Greg Scott

Thank you for the numbers. Yes correct, asking as an LP. As properties sell, we use these losses to defer a large amount of capital gains each year. How is your securities attorney wording the GP / LP split in the PPM in regards to the K1 losses ?

What are you seeing in regards to K 1 losses in year 1 based on forced depreciation from Cost Segregation studies?

Since 2017 , we’ve seen the following ranges

14-30 % for storage

40s to high 50s% for multi family with some low outliers here and there.

Interested to see what others are seeing