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[@Mr_Neutral_Man](/creator/twitter/Mr_Neutral_Man)
"Very happy for my friend @kingdomcapadv on getting $UNFI right In a market where many real economy names are dead money the market is rewarding the comapny Feels like cheap on a DCF value names doesn't work Need to add inflection or growth to these value names"  
[X Link](https://x.com/Mr_Neutral_Man/status/1973455976679563369) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-01T18:32Z 10.7K followers, 2780 engagements


"@thepupil11 @SliceTransverse But seriously the only time that $MAA had a HSD IRR was if you bought at pre GFC peak and sold after the stock was down XX% peak-to-trough from 2022 to early 2024 You could've bought in any other time period and done better. I think you need to look at your assumptions"  
[X Link](https://x.com/Mr_Neutral_Man/status/1965568396990579118) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-10T00:09Z 10.7K followers, XXX engagements


"@JulianLinStocks Whats the mix Weve owned sfh and smaller multi (3-13 units). Per unit cap ex is way higher on sfh. Especially true after XX yrs and you need a bigger one time cap ex"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978434083521728992) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T12:13Z 10.7K followers, XX engagements


"While all of FinTwit is making generational wealth in Quantum Rare Earth AI Circular Economy Flying Cars I recently "Leaned Into" my autistic self and bought more REITs. I gained a lot of Zen once I realized that this is what my investors pay me to do Also the most sane thing to do in a crazy market"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978848303375700345) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T15:39Z 10.7K followers, 6852 engagements


"Speaking of empire building etc. Both $MAA and $CPT have kept development to around MSD % of existing portfolio. I pushed $MAA to do more developments and they want to keep it at $XXX bn instead of going to $XXX bn. Increasing the development pace is exactly what I want them to do. They have this luxury because they have ultra low LTV balance sheets"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979018749513461971) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T02:56Z 10.7K followers, XXX engagements


"This one is for you @EllliotttB $FRMI $MAA @JMihaljevic @Greenbackd"  
[X Link](https://x.com/Mr_Neutral_Man/status/1973801881035288805) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-02T17:26Z 10.7K followers, 7442 engagements


"@EllliotttB XXXX% CAGR if you bought at 1/2/2020 at $XXXXXX XXXX% total return if you dividend reinvested Not great obviously but considering that XX yr yield went from XXX% to XXXX% probably not the worst outcome Could've gotten a capital call on the private side"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976357124453388337) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-09T18:40Z 10.7K followers, XXX engagements


"There is so much comedy in this article SREIT gates investors MacKenzie Realty Capital a public REIT with $9.5mm market cap that has lost over XX% of its value since IPO is launching a tender offer to get lps out at a XX% discount. It has $3mm of cash @LeylaKuni @EllliotttB"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978191929360646506) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-14T20:11Z 10.7K followers, 10.9K engagements


"Im at a point where I can tell if my analyst made a mistake on an IRR calculation without looking at the model like my boss from X decades ago Ill just tell him that XX% looks off check the math again My hunch is right more than XX% of the time I guess you do enough calculations with cap rates LTV rent growth int rate assumptions you start to compute IRRs subconsciously"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979191791728627887) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T14:24Z 10.7K followers, 30.5K engagements


"Run some IRR models for RE deals. Know what drives returns. In short entry cap rates probably drives the bulk of the returns. In short buy cheap. In most RE in normal environments rent growth is good but a XXX bp spread over market cap rates will drive the bulk of returns. Thats what makes this market so interesting. Its there for the taking but ppl dont want it"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979238053379014831) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T17:28Z 10.7K followers, 1874 engagements


"What I hear a lot is REIT mgt team are idiots What I see sometimes $22.5mm to $144.2mm unlevered ($39.7mm all in with 190k sqft addition) Probably $9mm of NOI or XX% unlevered yield If you can't tell good REIT mgt from bad mgt you're the patsy Tagging @EllliotttB"  
[X Link](https://x.com/Mr_Neutral_Man/status/1975971443977617625) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-08T17:07Z 10.7K followers, 6086 engagements


"A lot can change in X years"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976382348339052874) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-09T20:20Z 10.7K followers, 9477 engagements


"My Kids: Dad why are we poor Me: Because I was committed to buying MF REITS and doing REIT liquidations when anyone could've made generational wealth on grift frauds and pumps. My Kids: I guess child labor do build character"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978191201372196911) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-14T20:08Z 10.7K followers, 6594 engagements


"One thing that I should talk about more is the "mid tail" dynamic of investing in REITs Over X yrs I'm pretty sure the low leverage REITs will do X to Y% IRR Take $SOC for example. If it worked it could have been a multibagger but it looks like there is real impairment. I respect many of the SOC investors. Sometimes stuff just happens. But how do you impair a portfolio of 105000 apt units spread over dozens of cities This mid tail trait of REITs is not appreciated enough. On a risk-adjusted basis I think there are a ton of REITs offering some of the best risk-adjusted returns"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978299273746719097) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T03:17Z 10.7K followers, 7829 engagements


"@50CaliberCowboy @JamesHMackay "REITs are usually run by some REITard from New England with a few too many fancy degrees and way too much willingness to buy mid-tier assets at X% yields with no value add" Fixed it for you. But I disagree. The art is to find the ones that don't do this"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978473024593777027) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T14:48Z 10.7K followers, XXX engagements


"@GuyImpatient Sir degen trading IS an use case But I definitely see the appeal for users in unstable countries electing to own Bitcoin"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978637365724746210) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T01:41Z 10.7K followers, XXX engagements


"@SliceTransverse My REIT tweets"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978937988936503745) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T21:35Z 10.7K followers, XXX engagements


"$MAA exists today and will continue to exist in 20-30 years I think REITs do need to recycle their asset base sell older buy newer develop new ones (lowers avg age) They do a good job of this where the assets don't become overly dilapidated over time In terms of buyback yes they can do it. But they don't need to to create the value. Trust me there will be a day when every PM wants exposure to $MAA and that's when you feed the ducks"  
[X Link](https://x.com/Mr_Neutral_Man/status/1963412340608536997) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-04T01:22Z 10.7K followers, 2724 engagements


"Compounder stocks that look like amazing only to turn out to be 2-3 baggers over XX years $ALGN $LULU LVMH Worst case is Brown Forman down on a XX year horizon"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976712218982203427) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-10T18:11Z 10.7K followers, 3378 engagements


"@ActuallyFinance $MAA $CPT (Any of the large cap MF REITS are fine) $VRE $VNO Preferred $FRPH $CLPR $CUBE $ALEX Got a few that I'm keeping private for the newsletter"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976717029877989456) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-10T18:30Z 10.7K followers, XXX engagements


"@ActuallyFinance Free newsletter that is Also adding $SELF for those who truly like illiquid XXXX% cap rate self storage"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976717909713211730) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-10T18:34Z 10.7K followers, XXX engagements


"@ragnarisapirate Which name Well if Solar can be price competitive without subsidies going forward then it's capitalism then (yes I get it was nutured with lots of government help which is exactly what you want)"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976747522912641252) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-10T20:31Z 10.7K followers, XXX engagements


"Could've just bought $LMB or $FIX in the past few years"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978300193104699779) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T03:21Z 10.7K followers, 3846 engagements


"@compoundpapi If my dad never came to the US I would not be managing money for billionaires Fully agree that some of us should take a bit more risk and also look for some Motley Fool type investments or right tail hedge via Bitcoin at 1-2% portfolio allocations early on"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978907694330265722) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T19:35Z 10.7K followers, XXX engagements


"Some investors have asked my thoughts on deportation and impact on multifamily REITs and interest rates in general. $MAA $CPT $TLT @rhunterh As a naturalized citizen who has seen my fair share of immigration status my gut feel is that deporting the cohort with criminal past (current focus althought will also deport unlucky bystanders without proper documents) will likely be net positive for society interest rates etc. What most investors fail to see is that the criminal cohort of the immigrant population often act as a de facto tax on that same immigrant population. There was a time in the"  
[X Link](https://x.com/Mr_Neutral_Man/status/1885413414182277501) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-01-31T19:42Z 10.7K followers, 3746 engagements


"Interesting chart from Ashtead Group on the expected construction spend from 2022 to 2029 Major decel from 26-29. Does anyone have breakdown on how much IIJA and Data Center spends account for overall construction spend @taylor_hndrson @Bonhoeffer_KDS"  
[X Link](https://x.com/Mr_Neutral_Man/status/1950207578115322099) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-07-29T14:51Z 10.7K followers, 1403 engagements


"You guys know that I'm gonna go buy more REITs with these proceeds so that @EllliotttB can make fun of me even more"  
[X Link](https://x.com/Mr_Neutral_Man/status/1955275825076478280) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-08-12T14:30Z 10.7K followers, 1063 engagements


"Spoke with a Twitter member about Canadian REITs I think I'm gonna go North of the border for a bit The problem I'm trying to optimize for is which low risk 15-40% IRR idea do I allocate capital to and what gross exposure (It's over XXX% recently) do I run my portfolio at These are "fish in a barrel" moment for me in REIT world"  
[X Link](https://x.com/Mr_Neutral_Man/status/1963405088958914918) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-04T00:53Z 10.7K followers, 32.9K engagements


"@DadInvest Both $MAA and $CPT are developing new apartments to XXX to XXX% unlevered yield They are one of the few players out there who can do it bc they can borrow at XXX% fixed for X yrs These development projects will create a ton of value in 27-29"  
[X Link](https://x.com/Mr_Neutral_Man/status/1963427336587542734) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-04T02:22Z 10.7K followers, XXX engagements


"@JasonGreenwal12 $CPT and $MAA I've been talking about a lot Sent out a memo on $VRE $FR and $NXRT are the other two"  
[X Link](https://x.com/Mr_Neutral_Man/status/1968026476734976254) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-16T18:57Z 10.7K followers, XXX engagements


"@JasonGreenwal12 Honestly $MAA and $CPT is so much easier for you than managing it yourself and picking up rent from Section X folks with possibly a gun pulled on you (didn't that happen to you one time)"  
[X Link](https://x.com/Mr_Neutral_Man/status/1968027212986318951) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-09-16T19:00Z 10.7K followers, XXX engagements


"This 870000 sqft big box shopping center in Long Beach sold for $143mm which is about $164/sqft feels kind of too cheap Anyone has color on this asset and location Separately if anyone knows about Pike Outlet in Long Beach would love some color"  
[X Link](https://x.com/Mr_Neutral_Man/status/1976016820256780599) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-08T20:08Z 10.7K followers, 1804 engagements


"Thats an inflation protected $1.35mm in annual dividends per year if you simply bought $MAA backed by 105000 apt units with around XX% LTV which means the odds of blowing up is near zero"  
[X Link](https://x.com/Mr_Neutral_Man/status/1977040745920856181) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-11T15:57Z 10.7K followers, 26.8K engagements


"@John_Chungus_5 Acura MDX which we love driving. Sucks bc we got all of my kids baseball gear in it and had to skip practice this week for my son. Hes making good progress and was looking forward to it"  
[X Link](https://x.com/Mr_Neutral_Man/status/1977041780291125335) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-11T16:01Z 10.7K followers, 2984 engagements


"@JamesHMackay How low are REIT margins What is the CAGR of owning XX yr bonds XX yrs ago vs owning $MAA"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978431110469103720) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T12:01Z 10.7K followers, XXX engagements


"When are people gonna start talking about $UNFI's owned distribution centers 12mm sqft at $100-150/sqft is $XXX to $1.8bn vs MC of $2.5bn Sale Leaseback with $BNL which they already did a deal with in the past PropCo/OpCo works when business is growing @kingdomcapadv"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978534251302694984) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-15T18:51Z 10.7K followers, 4303 engagements


"@compoundpapi Dude I'm in my 40s and still grinding it out with my Costco Kirkland Siganture T-Shirts and working out of a low rent beach town"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978900926678126689) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T19:08Z 10.7K followers, XXX engagements


"@2pfCompounder US focused been taking detours in Canada but happy to look at Europe as well would love to hear names"  
[X Link](https://x.com/Mr_Neutral_Man/status/1978947544693575888) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-16T22:13Z 10.7K followers, XX engagements


"If we wind up losing money buying large cap MF at XXX% cap that resulted in permanent impairment Im pretty sure we will lose more money buying anything others than Treasuries. I keep running the math hard to see less than XX% IRR over X years. If worried can overlay some tail risk insurance via puts in indices etc"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979025334482747681) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T03:23Z 10.7K followers, XXX engagements


"Ive been tracking residential for X decades on both public and private side. There are kind of absolute cap rate levels where you just say its priced in all risk With the asset diversification and low leverage I dont know how you impair it But I dont think its a XX% IRR over X yrs"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979320945887363282) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T22:57Z 10.7K followers, XXX engagements


"@_H_T_D @LeylaKuni If $MAA and $CPT are down XX% TR X years from now I'm gonna go flip burgers or work construction"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979366587892404526) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-18T01:59Z 10.7K followers, XX engagements


"Even from the Dec XX peak to Dec 2010 peak with GFC in the middle the Equity REIT index was down XX% from peak to trough We're down about XXX% from Dec XX till now This level of sustained underperformance is getting long in the tooth Remember REITs historically CAGR is similar to S&P XXX which should be about 10-11%"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979368067424547174) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-18T02:04Z 10.7K followers, XXX engagements


"Im going to push back on X points. I love your work/analysis. But you have an unhealthy obsession with REITs needing to be sold yesterday even the larger ones. Dont stop talking to me please. Private developers COC is close to XX% while public REITs are borrowing at blended X to mid X. This can add up to a lot. Going forward I think X% unlevered is more likely due to less new supply. If private is building to XXX that COC can add 50bps. My X cents"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979017874086707519) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-17T02:53Z 10.7K followers, XXX engagements


"@LeylaKuni For $CPT XXX% cap rate to XXX% Per unit cost goes down by $120k EV/EBITDA slashed by XX turns Avg rent up almost $XXX This is why I pound the table on the large MF REITs"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979364256517886132) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-18T01:49Z 10.7K followers, 8757 engagements


"@_H_T_D @LeylaKuni This is a very good historical data on Equity REIT performance We've been in a historical period of underperformance since Dec of 2021 still down after almost X years"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979367424274370672) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-18T02:02Z 10.7K followers, XXX engagements


"@LeylaKuni @EllliotttB I want to clarify that at XXX% cap rate it's pound the table especially now we're past the peak delivery and trending the other direction I never owned $MAA or $CPT prior to 2022 because the valuations were not attractive enough"  
[X Link](https://x.com/Mr_Neutral_Man/status/1979378409290576350) [@Mr_Neutral_Man](/creator/x/Mr_Neutral_Man) 2025-10-18T02:46Z 10.7K followers, XXX engagements