Hi {{first_name|loyal reader}},
Full transparency: You are on this list because we’ve done a deal, talked shop, or crossed paths in the CRE world. I essentially "drafted" you into this newsletter back when it was strictly about hotel-to-apartment conversions.
But here is the truth: Commercial real estate is cyclical, and markets naturally favor one strategy over another at different times. While hotel conversions were the starting point, there are so many incredible opportunities ahead of us in other asset classes. To stay ahead of the curve, I’m widening the lens to include the full spectrum of the market.
Welcome to the new era: The LeBaron Letter

The "Why" Behind the New Build
In this business, relationships turn into friendships, which turn into family, which eventually turn into the subjects that matter most in life.
That is why I raise capital. It’s why I acquire and manage real estate. It’s why I build…so that I can support the things people who truly matter.
For me, that is all due to God.

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The Journey Ahead
This is now a personal journal of discovery. I’m going to take you behind the curtain of the deals I’m sourcing, the capital I’m raising/structuring, the people i’m working with, the news I find interesting, and the reality of seeking a higher purpose while working in the trenches.
Here is what you can expect in your inbox:
Acquisitions updates, news, and lessons: My journey into discovering and learning the mechanics of Build-to-Rent (BTR) communities, Student Housing, Senior Housing, Adaptive Reuse (hotel conversions), Office, Industrial, and other CRE.
Capital: A front-row seat to the actual projects I’m raising for, both the partners I'm supporting and the deals I’m spearheading myself.
AI: Why I view AI as just another tool, like the internet or the cotton gin. It’s here to streamline operations. If we don’t adopt it, it will adopt us. There’s no escaping this innovation.
PoliticsI’m joking 😂 I’ll keep it to myself…for the most part.Legacy, Faith, & Church: This might seem out of left field, but I strongly believe…
❝We all need to go back to church. I’ve seen miracles happen when people turn their hearts and minds toward God rather than themselves.
For many of you, this is the end of the line.
…and you may feel frustrated by this pivot. That's okay. I wish you the best and would honestly love to connect with you on a personal level sometime, all you have to do is reply to this email.
I’m not only asking you to unsubscribe.
I’m recommending that you do it, sincerely.
I don't want to clutter your day with views you’re not interested in, like capital markets, business, niche commercial real estate industries, opinions, reports, and the "taboo" words: God and Jesus.
But I sincerely believe God is the real "why" behind many of us pushing as hard as we do.
If you’re staying: You don’t have to do a thing. I'm glad you're with me.
If you’re leaving: Please feel free to hit the unsubscribe button below. No hard feelings.
I’m excited to show you what’s next,
Andrew LeBaron
P.S. If you’re staying, I’d love to know what you’re working on and what you currently need help with. Just hit reply and let me know, I read every response.
Until next time,
Andrew LeBaron
