Despite the government’s recent reopening, the economic data blackout continues, leaving investors with limited fresh macroeconomic signals to guide positioning.

Legislators understand where the economic engine is.It also helps that the first $100 million was deployed cleanly—no waste, no drama—so the city walks back into the Capitol with real credibility.This year’s request focuses on building momentum:– Converting vacant downtown buildings into productive space– Upgrading the Belvedere and Convention Center corridor– Advancing LouMed– Improving the Waterfront Amphitheater– Building a modern regional first-responder training campus– Transforming Jefferson Memorial Forest into a meaningful outdoor destination– Expanding sports-tourism facilities that drive steady visitor trafficHousing is another major pillar.

And it’s why Louisville continues to be what it has always been: steady, durable, and consistently consistent.Here's the twist:The more national office distress you see,the more capital rotates into industrial, logistics, retail, and mixed-use redevelopment.And Kentucky is positioned right in that slipstream.Investors love stability.Companies love access.Workforces love affordability.And right as NAR is projecting double-digit home sales growth in 2026 and a 4% bump in prices, Kentucky is stacking real economic foundations, not headlines.

It becomes a de facto taking.There’s also an important human and economic dimension: The owner actually uses the land to operate a truck fleet, which is how they work and employ others. 

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.

Week of November 10, 2025The government’s back open, economic data is catching up, and housing is starting to show life again!

The Chiefs & Royals stadium saga, potentially relocating across state lines, could shift economic activity and boost local infrastructure.

With such little visibility into key indicators this past month, the release of delayed economic data will be critical in shaping expectations for the remainder of the year.

It is a financial basket case run by politicians who have no backbone to stand up to the unions and are utterly ignorant of economics from the jump.I highly recommend staying hyper-local for your investments, but if you insist on out of state investing, try Indiana.

.-2028 and beyond: 3.4–3.8%, reflecting a modest ramp-up.Here is where NAR sees the strongest absorption and rents:Macroeconomic ContextThe Yardi report provides additional color against strong, expected economic numbers for the second half of 2025.