LatestNNN Decoded
Investment Grade Tenant: What the Rating Does Not Cover
An investment grade tenant signals low default risk, not safe rent, and the lease terms decide what a rating cannot.
Writing
Blog
Essays on Indian capital going global, the rupee, the LRS route and what building Raveum is teaching me.
Earlier essays
The CorridorFAST-DS 2026: What I Would Check Before December 31
FAST-DS 2026 closes December 31. Here is how I read the scheme, and the questions I would ask before the window shuts.
Building in PublicThe Accredited Investor Exam: What a Test Can and Cannot Prove
The SEC's proposed accredited investor exam can prove knowledge, but not the capacity to lose money. A 506(c) founder explains.
PartnerNobody in Dubai Asked Me About Returns
A week with Dubai family offices taught me that returns barely set you apart. Structure, custody and accountability decide where capital goes.
RetailIndian Capital Is Going Global. The Family Offices Went First.
India went from 45 family offices in 2018 to 300+ managing over $30 billion. What the smartest money's global shift means.
RetailLRS outflows just dropped. The wealth shift didn't.
April's 7.85% drop in LRS outflows says less than it seems. Monthly flows track travel and tuition, not where Indian wealth is structurally going.
RetailThe Rupee Math Nobody Wants to Do
The rupee fell from ₹83 to near ₹96 in two years. The honest math on single-currency risk, and what a "dollar sleeve" actually does for an Indian portfolio.