Break of Day Capital

The Federal Reserve raised rates by 25 basis points this week, bringing the federal funds target range to 3.75%–4.00%. At first glance, higher interest rates don’t sound like good news for real estate. And certainly, higher borrowing costs create challenges. But there is another side of the equation that may be much more important for … Read more

The U.S. national debt has crossed $40 trillion. Treasury Secretary Scott Bessent recently said: “There’s nothing magic about the $40 trillion number. And we can grow our way out of that.” [Fortune / CNBC interview] That raises an important question for investors: what does “grow our way out of it” actually look like? There is … Read more

Public REITs Just Raised $20 Billion. Here’s Why Real Estate Investors Should Pay Attention. Key Takeaways Publicly traded REITs raised approximately $20 billion through debt, equity, and IPOs during the second quarter of 2026. Year-to-date, REITs have raised $36.2 billion, exceeding the pace from the same period last year. Capital is flowing back into commercial … Read more

Arizona Just Had Its Biggest Economic Year Ever. Here’s Why That Matters to Real Estate Investors. Key Takeaways Arizona companies committed to invest more than $109 billion during Fiscal Year 2026—the largest economic development year in the state’s history. The investments are expected to create 26,225 new jobs with average projected salaries exceeding $81,000. Continued … Read more

For generations, the American housing journey followed a familiar path. You rented an apartment early in your career. Bought a starter home when the time felt right. Moved into a larger home as your family grew. And eventually downsized later in life. Homeownership wasn’t just a housing decision, it was considered a milestone. A symbol … Read more

Summary After a major liquidity event, many SpaceX employees focus on five key areas: reducing concentration risk, understanding how their wealth can generate income, planning for taxes, aligning investments with specific financial goals, and evaluating diversification opportunities such as real estate and other real assets. The goal is often to transition from building wealth through … Read more

For many real estate investors, capital gains taxes can become one of the largest obstacles to growing a portfolio. After years of appreciation, selling an investment property can trigger significant federal and state taxes, reducing the amount of capital available for your next investment. Fortunately, Section 1031 of the Internal Revenue Code provides a strategy … Read more

For many SpaceX employees and early investors, a future IPO could create something rare: a major liquidity event tied to years of work, risk, and patience. That kind of wealth event is exciting. It can also be overwhelming. When a large amount of money arrives at once, the question quickly shifts from: “How much did … Read more

You can have the right market, the right debt, and even the right business plan, but if the wrong team is managing the property, the numbers will still fall apart. Most investors don’t realize how much the structure of property management (whether a sponsor handles it in-house or hires a third-party firm) can quietly determine … Read more