Q3 Cross-Asset Report · Arriving 14 October 2026 Subscribe to The Allocation Desk to receive it on release →

Make better-informed real estate decisions.

Independent research and underwriting for allocators, designed to fit alongside your existing investment process.

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The Allocation Desk

What you get as a subscriber.

Who it's for
RIAs, family offices, wealth platforms, and other capital allocators.
Quarterly Cross-Asset Report & Briefing
The full sector outlook, plus a live briefing and Q&A with William McSweeney.
Monthly Sector Brief
What moved, the risks worth watching, and what it means for allocation and underwriting.
Chart of the Week
One chart, one development, and whether it supports or challenges our outlook.
The Allocation Memo · Full Workbook
Sector deep dives and the data and assumptions behind The Allocation Memo.
Subscriber Introduction
A 30-minute call with the team to share your firm's research priorities.
$175 / month, or $1,680 / year ($140/mo)
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Meet the founders

Work directly with the founders responsible for the research and underwriting.

Daniel Erb
Execution & Strategy
Underwriting, acquisitions, and investor-facing execution.
William McSweeney, CFA
Market & Portfolio Analytics
Portfolio analytics and cross-asset market research.
Experience
Merrill Lynch Merrill Lynch Merrill Lynch Merrill Lynch

What we do

✓Underwrite live opportunities independently
✓Monitor positions against the original thesis
✓Prepare committee-ready conclusions
✓Custom & white-labeled research

What we never do

✕Act as a placement agent
✕Raise capital for sponsors
✕Solicit or offer securities
Press

As featured in

Research informed by Steuart AI, our internal cross-asset engine, and interpreted by our team.

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Questions about the subscription or a custom engagement.

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See our prior representative issue, then start monthly when you're ready.

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Firm updates and The Allocation Memo on LinkedIn.

EM Capital provides independent research, underwriting, and monitoring support to allocators. EM Capital does not act as a placement agent, raise capital for sponsors, solicit or offer securities, or provide legal, tax, or investment advice.

A Discount to NAV Still Needs Underwriting

A Discount to NAV Still Needs Underwriting

A Discount to NAV Still Needs Underwriting ...more

Capital Allocation ,Contrarian Analysis &Asset

September 23, 2026•13 min read

The CPI Print Will Not Set Your Cap Rate

The CPI Print Will Not Set Your Cap Rate

The federal funds rate has fallen 175 basis points since September 2024. The 10-year Treasury has risen 112 basis points over the same period. If lower rates were supposed to compress cap rates, the... ...more

Capital Allocation ,Contrarian Analysis &Asset

September 10, 2026•11 min read

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