The Letter

Compound

Bi-weekly signed research on Texas multifamily, REITs, and private-capital flows. By Matthew Dickson, operating partner at Uplift Capital.

What's covered

Texas multifamily

Submarket dynamics, cap-rate trends, supply/demand cycle reads. DFW, Houston, Austin, San Antonio, Texoma.

REITs and public markets

Public-private cap rate arbitrage. REIT-implied valuations vs. private comps. Cross-asset reads.

Private capital flows

Family offices, RIA channels, institutional allocator behavior. Where Texas capital is moving and why.

Operating economics

Fee structures, audit findings, portfolio operations. What actually happens inside Texas multifamily ownership.

Who writes it

Matthew Dickson — operating partner at Uplift Capital, a Texas multifamily real estate private equity firm. A decade in institutional private equity managing portfolios north of $20 billion. AI-native builder of operating systems.