Forming, Storming, Norming, Performing

Forming, Storming, Norming, Performing

A few decades ago, I was introduced to a framework that describes the growth and hiccups of teams. Every team goes through these four stages:

  1. Forming. Earliest days for the new team.

  2. Storming. First disagreement within the team.

  3. Norming. Regrouping after the disagreement.

  4. Performing. The team enjoys its first collective success.


Why will a team go through these stages? Because teams consist of humans. Let’s explore this model further.

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Saying Yes

Multifamily Apartments Pool View

Our company, Bridgetown Partners, buys multifamily apartment properties and improves them so that we can give people a great place to live. We are stewards over our investors’ money, and we say NO to a lot of deals. We sift through hundreds of deals before closing on one.

And it makes us smile when we can finally say yes!

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Property Improvements - Everybody Wins

Something that excites me about the real estate business: It it possible to structure deals so that everybody wins.

  • Residents win when we buy a property and improve it. We’re giving them a great place to live.
  • Investors win because our improvements make it possible for the property to generate more income. The additional income is shared between our investors and our team.

Wonderful things happen when we structure a deal in the right way!

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Elon Musk and the Algorithm

Elon Musk and the Algorithm

The only rules are the ones dictated by the laws of physics. Everything else is a recommendation.
-Elon Musk

Walter Isaacson has done a thorough job of documenting the business adventures of Elon Musk in his 2023 biography.

Throughout the book, Isaacson refers to The Algorithm, a five-point checklist that Musk employs whenever he faces a tough business or engineering challenge. This post offers a brief discussion of The Algorithm.

For a deeper examination, I encourage you to read Isaacson’s book.

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Distress + Opportunity

Be greedy when others are fearful.
Be fearful when others are greedy.

~Warren Buffett

Buffett has lived by the above words for decades. He learned this approach from his mentor, Benjamin Graham.

Distress Leads to Opportunity

And now, those of us who invest in large multifamily properties will soon have a chance to apply the Buffett quote. The multifamily real estate market is showing early signs of distress. Fear and opportunity are in the air.

Farmers who plow and plant their fields in preparation for rain can look to the approaching storm clouds in celebration, not fear.

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