Real Estate

Real estate is one of the most popular and attractive investment opportunities known to man. As one of the first asset classes to be fractionalized, and with new real estate crowdfunding platforms such as Here, Fundrise, CityVest, LEX Markets, and Honeybricks, there is now more opportunity to invest in both commercial & residential real estate than ever before.

We research and write about it from time to time. Follow this asset if you’re interested. We’ll send occasional updates.

Recently Published

​Hilton Head, South Carolina – Jeff Gunn​

Who owns the beach?

Today, we’re exploring America’s beach industry, unpacking private ownership, public access, hidden subsidies, and the economics shaping who gets to use the shore.

Altea Update: June 1

Today, we’re exploring the generational shift remaking corporate Japan, unpacking why private equity is flooding in and what it means for investors.

Altea Update: May 25

This week’s Altea Community spotlights the launch of Real Estate II, tracks fallout from Fenchurch Legal’s collapse, and maps new events, deals, and member discussions.

Housing’s Agglomeration Loop

Today I want to explore exactly that question. Why is it that building more housing doesn’t always make housing cheaper. It’s a genuinely unsettled debate. The smartest economists in the room can’t fully agree on any of this, and I sure as heck don’t have a clean answer.

Portem bikinis

This week, we revisit Spain’s distorted housing market, unpack how Franco-era policy still shapes property today, and what that means for investors, renters, and BTR.

Build-to-Own vs Build-to-Rent

This week’s Sunday Edition examines the rise of build-to-rent housing, why younger renters are abandoning ownership, and what the shift means for real estate markets.

luxurious penthouse suite

Altea Update: Mar 17

This week’s Alts Community highlights Whisky I diligence and live events, unpacks debates on mispriced U.S. apartments and venture models, and maps emerging opportunities across deals, discussions, and member insights.

Japanese Whiskey

Altea Update: March 2

This week’s Alts Community leans into Japanese whisky’s reset, outlines a structured cask SPV strategy, and highlights live deals, meetups, and co-invest opportunities across alternatives.

Scandinavia

Sauna investment case study

Hot tubs have long dominated short-term rentals. Saunas are emerging as a lower-maintenance alternative, and we break down the capex, ADR lift, and payback math behind the shift.

What you get

Exotic market research
We study esoteric alternative investment markets and show you what’s interesting. We research stuff you never even knew existed.
Modern alt indexes

We create indices for eclectic modern alts. We’ve got a vinyl index, a whiskey index, and more. This helps us find the best buying opportunities for our alternative investment fund

Outlook and Risks

We wrap everything up with a rich qualitative analysis. You’ll understand the pros & cons of investing in all sorts of alternative asset classes.

Testimonials

Alice Wilson
Alice Wilson
Founder at Alternative Asset Content Marketing
You have the best alts newsletter in the known universe. I am tipping my hat at you from across the pond in the UK :)
John Nikolaou
John Nikolaou
Emerging Markets Investment and PR Advisor
Thanks again for your ​feature on DXYZ​! I invested and paid for my entire Spain vacation, as it cruised to the mid $90s from going public around $8-10/share. That's the kind of tax problem I like to have."
Morgan Keim
Morgan Keim
Managing Director of Ocean Ridge Capital
I read your emails pretty religiously. Your issue on investing in tax liens is one of my absolute favorites. Great coverage for an otherwise totally grey area that seems to have little mindshare within the broader REI community.
Jessica Farrimond
Jessica Farrimond
Senior Performance Consultant, Crypto Enthusiast
Alts brings me unique investment opportunities and insights that I wouldn’t have known about otherwise. For me, it’s a simple and enjoyable way to stay informed on financial topics that are way outside of the mainstream news sources.
Benjamin Hoffman
Benjamin Hoffman
Co-founder at GrandCruCapital.com
Alts is the only email newsletter I've read from start to finish from day one. The effort that Stefan & Wyatt provide is the next-level analysis you've been waiting for. They break down each asset in detail, metric by metric, and serve it up in a brief email with graphics and links.
Valentine Watkins
Valentine Watkins
Content Designer at Afterpay
Absolute must-read every time it hits my inbox. Stefan and Wyatt are web wizards, appraising assets using a mixture of arcane product knowledge, SEO sorcery and metrics magic. They lift a veil shrouding the Internet to show its secret world of investment opportunities.
Sourabh Soni
Sourabh Soni
Software Engineer, Cisco
Brilliant writing. I'm not usually a long form reader, but I read your articles almost all the time in one go. Thanks for such interesting writing.
Dominic Wells
Dominic Wells
Founder, Onfolio
I've recently discovered the Alts newsletter, and am enjoying it. They don't strictly focus on digital assets, which actually helps it keep it more unique in my opinion.