Commercial real estate,
covered like it matters.
Every Tuesday, The Upleg sends one Featured Deal, five more on the Deal Grid, and one off-market Pocket Listing — each with the cap rate, basis, and tenant-risk take most newsletters won't touch.
Between issues, the site stacks snarky-but-useful guides on 1031 exchanges, NNN leases, DSTs, and the news actually moving cap rates this week. Written by a working broker, not a content team.
What it is
A CRE publication written like a friend group chat, not a broker email.
Every week, The Upleg sends one deal-forward email covering net lease, multifamily, industrial, retail, DSTs, and whatever else is trying to become a replacement property.
Every day, the site publishes snarky guides and CRE news for people on day 32 of a 45-day clock, first-time 1031 buyers, brokers looking for something sharable, and family-office investors who are a little tired of the pitch deck voice.
We read the OMs so you don't have to. We tell you when a cap rate is lying. We link to the actual primary source instead of a LinkedIn hot take.
That's it. No webinar. No paywall. No course.
Guides
Start with the guide. Stay for the snark.
The 1031 Buyer's Field Guide
Everything you need to survive a 1031 exchange without blowing the timeline, the basis, or the marriage. The 45-day clock, the 180-day close, QIs, boot, and identification — explained by someone who's done this more than your CPA.
NNN 101: Triple Net Without the Triple Talk
Triple net leases sound simple until a tenant disputes CAM recs or a Walgreens corporate guarantee turns out to be…less of a guarantee. What NNN actually means, what bondable means, and why "absolute net" is the only one you fully trust.
Cap Rates, Decoded
A cap rate is a snapshot, not a truth. How to read them, when they lie, why a 7 isn't always better than a 5, and what happens when rates move 75 bps and your exit cap decides to move with them.
Multifamily for First-Timers
The asset class everyone thinks is easy and no one actually runs well. Pro forma reality checks, rent-roll reading, cap ex surprises, and the T-12 tricks sellers love most.
How it works
Three things, zero fluff.
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01 · Subscribe
You hand over an email. We hand over a weekly deals briefing.
No welcome sequence. No funnel. No drip.
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02 · Read
Featured Deal, Deal Grid, and one off-market Pocket Listing from the network.
Plus a market note you'll actually finish.
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03 · Reply
See a deal you want to talk about? Hit reply. It goes to a real broker.
That broker is the guy who writes this. Hi.
Who reads this
Probably you, if…
- You just closed a downleg and have a 45-day clock that's making you emotional.
- You're a CRE broker and want something your investor clients will actually open on a Tuesday.
- You run a family office and you're tired of your analyst forwarding you the same three industry emails.
- You own one building and want to own two. You've been saying this for three years.
- You own dirt and would rather keep it that way than own index funds.