What's Happening in Local Land Use | Q2 2026
Tracking three months of notable land use and zoning decisions with Shovels Decisions
Real estate debt and lending across the capital stack. Thesis Driven dives into private credit and debt funds, construction and bridge lending, CMBS and the role of rating agencies, small balance and small multifamily loans, predevelopment capital, C-PACE and structured alternatives, mortgage technology and origination, and how debt terms determine which deals pencil.
Some deals are still happening in today's environment. Here's what they have in common.
Higher rates were expected to crush new multifamily supply. That's not happening and isn't on the horizon.
Three new brick-and-mortar financing models bolstering the bedrock of the American economy
Selling into real estate owners? Here's what not to do
Rising rates and high-profile bank failures have led to an unprecedented pullback in lending. How should real estate operators navigate?
While larger assets and single-family homes are attractive targets to institutional investors, small multifamily buildings are ignored. A few operators are trying to change that.
Some developers are making the most out of small multifamily sites by building coliving, and institutional investors are beginning to take note.
A new generation of "preferred equity" aims to help developers and owners challenged by higher interest rates.
Covering the future of real estate and the people creating it