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A 23.4% IRR. And a fire.

Jul 7, 2026

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3 min read

A 23.4% IRR. And a fire.

Ben Kahle
Ben Kahle

Full Cycle by Ben Kahle

Each Tuesday, I send a short note on commercial real estate to help you be a better investor. Topics may include deal stories, how I'm thinking about risk, lessons I'm learning, and market observations as we oversee our $500MM+ CRE portfolio and serve our 1,100+ investors.

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