Tyson Dirksen

ChatGPT Image Feb 5, 2026, 08_47_57 AM
05 Feb/26

Stress-Tested Investing for Institutional Capital: Why Perfect Track Records Don’t Protect Downside

Stress-tested investing for institutional capital has become the single most important filter for evaluating deals, partners, and long-duration projects. After multiple cycles, I’ve learned that experience under pressure—not smooth performance—determines whether capital is preserved when markets turn. Earlier in my career, I paid attention to headline returns. Today I focus…
ChatGPT Image Feb 4, 2026, 08_12_51 AM

Capital Allocation Discipline in Real Estate

Why Pacing Often Matters More Than Pricing Real estate sponsors often devote enormous attention to entry basis. Less attention is given to capital pacing. But in long-horizon development, capital timing frequently exerts more influence on outcomes than headline pricing assumptions. This is why sophisticated platforms increasingly emphasize staged capital deployment,…
ChatGPT Image Jan 29, 2026, 03_19_32 PM

Construction Productivity: Unlocking the Physical Ability to Build at Scale

Even with permissive zoning, streamlined delivery, and aligned capital, housing production is limited if construction cannot scale efficiently. As highlighted in Why the Housing Shortage Is a Systems Failure: A Real Estate Developer’s Perspective,housing scarcity emerges from five interdependent systemic failures: restrictive zoning, inefficient delivery mechanisms, misaligned capital flows, low…