This is placeholder content — the full analysis is coming soon.
The distress everyone predicted did arrive — just not evenly, and not where most of the commentary said it would. Floating-rate debt from the 2021–2022 vintage met expiring rate caps, and operators without a balance sheet behind them became sellers whether they wanted to be or not.
Our home field discipline mattered here. Knowing every submarket in Dallas–Fort Worth block by block is what separates a genuine basis opportunity from a value trap with a fresh coat of paint.
We’ll walk through what we bought, what we passed on, and why.
