Business update 🏠💰🏗️ My thesis: How @beaupartners can disrupt the property sector. We’re set up with infrastructure to deliver developments for investors who take long term positions in freehold assets. We effectively act like a quasi ‘fund manager’ responsible for end to end delivery but instead of moving digits around a screen and charging high fees, we actually control the operational stack of services and make margin for tangible productivity. In the limit, I see our disruption competing with the universal hedge funds where currently investors buy into a real estate index for passive returns, spread exposure but no tangible bearing on the underlying asset with capped upside. Our investors own the freehold, in that there is a sense of sovereignty, ownership and control over what happens to the asset and our services lower the barrier to entry for investors who otherwise don’t have the knowledge, risk appetite or time. If I’m an investor why would I buy into an index for single digit returns and no fundamental asset ownership when I could otherwise invest through a services umbrella that provides the end to end operation. The trade off is spreading exposure and coupled risk for that very same reason. But Homes REIT still went bust and hedge funds don’t always return anything but an inflationary counter so why not own the underlying asset, trust in our track record to mitigate risk and benefit from significantly greater upsides. It’s simply a better offering to a similar investor profile. Our challenge is to make those investors aware of our existence, consolidate a slick operation that continues to deliver and gain national coverage for a wider offering, bigger pipeline and dilutive cost benefits that come with scale. It’s a range of mountains in front of us but I whole heartedly believe universal hedge funds are at the route of many societal issues like stifling innovation by cornering markets to control pricing curves, raising the barrier to access through regulatory capture to prevent innovators, lacing debt into critical infrastructure and necessity markets for foreign shareholder benefits….ultimately Orwellian practices. We can but try!