Business Update

April brought meaningful progress on multiple fronts across our portfolio and pipeline.

On the operations side, our property management transitions on both DFW assets are gaining real traction. Renovations are being completed faster, occupancy is climbing, and collections are trending in the right direction. These are the early signs we were looking for when we made the decision to transition, and we're encouraged by the momentum.

My partner and I have continued actively underwriting deals across the DFW market and staying close to brokers, but nothing rose to the level of a serious offer this month. Beyond pricing, the deals we passed on had issues ranging from unfavorable unit mix to locations that didn't meet our standards - and in a couple of cases, crime histories the brokers conveniently left out of their pitch decks. We'd rather pass on hundreds of deals than force one.

I'm also deliberately expanding my network beyond DFW. Good deals aren't restricted to your own backyard, and the relationships you build before an opportunity shows up are the ones that matter most.

Markets like Phoenix, Tulsa, Atlanta, and parts of the Midwest are on my radar, and I'm building relationships with experienced operators in those areas. When the right opportunity eventually surfaces outside of our primary market, I want to already understand the market, trust the lead sponsor's track record, and know that someone on the team has real boots-on-the-ground experience there - before I ever consider bringing it to you, my Cornerstone investor community.

That standard isn't changing, no matter where the deal is.

If you'd like to connect and talk through the market or your investment goals, feel free to reply to this email or schedule a call.

Market Update

According to Cushman & Wakefield's latest Multifamily MarketBeat report, the U.S. apartment market is turning a corner. New construction has fallen to its lowest level since 2016, with deliveries down roughly 30% year-over-year in Q1 2026 - and renter demand has normalized back to historical averages. If that trend holds, vacancy should remain stable and rent growth should gradually strengthen as the supply pipeline continues to thin out. Read more.

Informed Investing

Stay up to date with the latest insights on passive investing, market trends, and real estate strategies. Here are a few of my recent publications - click any of the articles below to read in full.

Conrad’s Picks: Mindset & Mastery

Great resources can spark great ideas. Here’s one to add to your toolkit:

• The Secret by Rhonda Byrne centers on the law of attraction - the idea that your thoughts and beliefs directly shape the outcomes you experience in life. Byrne argues that by focusing on what you want rather than what you lack, you can draw success, wealth, and opportunity toward you.

• I actually came across this one after hearing UFC legend, Conor McGregor, reference these principles in a post-fight press conference - worth a quick watch if you haven't seen it! Check out that clip here.

• Also, check out this 10-second clip of him specifically recommending The Secret here, if you don’t believe me… ha!

Know Anyone Who Could Benefit from Passive Real Estate Investment Opportunities?

Forward them this email - They can download a short resource on “5 Benefits of Passive Real Estate Investing” and explore the potential of alternative investments.

Your introduction could be the key that opens new doors for them.

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Thanks for being part of the Cornerstone community.

To your success,

Conrad Boyd
Founder & Operator
Cornerstone Commercial Investment Group
E: [email protected] 
C: 615.686.8987