Tule Capital

What is a Triple Net Lease (NNN)? 🏢

A Triple Net Lease is a commercial real estate lease structure where the tenant typically pays three major property expenses in addition to rent:

1. Property Taxes
The tenant is responsible for the property taxes associated with the asset.

2. Insurance
The tenant typically covers the insurance costs related to the property.

3. Maintenance
The tenant is responsible for certain maintenance and operating expenses, depending on the terms of the lease.

That’s where the three “nets” come from: taxes, insurance, and maintenance.

For the property owner, this structure can shift a significant portion of operating expenses to the tenant, potentially making income more predictable and reducing day-to-day expense management.

But there’s an important distinction:

NNN does not mean the owner has zero expenses or zero risk.

The exact responsibilities depend on the lease. Some agreements may leave certain capital expenditures, structural repairs, or other costs with the owner.

That’s why investors should look beyond the headline rent and understand:

→ Who is the tenant?
→ How long is the lease?
→ Are there scheduled rent increases?
→ What expenses does the tenant actually cover?
→ What happens when the lease expires?

At Tule Capital, we invest in U.S. real estate and evaluate opportunities by looking beyond the property itself — including the market, the asset, the financing, the operating strategy, and the structure of the investment.

Our goal is to help investors build a path toward financial freedom through U.S. real estate investments, without having to manage the properties themselves.

📞 +1 (512) 880-9405
📩 [email protected]
🌐 tule.capital/investments

Understanding the terms behind the income is just as important as understanding the property itself.

RealEstateInvesting

What do you do when the market moves against you? 📊

New supply pressured Dallas-Fort Worth rents. At Rise Hillcrest, we didn’t wait. We adjusted our revenue strategy without adding capital, and the property holds 93% occupancy while market data starts to turn. That’s hands-on operations. 🤝

At Tule Capital, we help you create passive income through U.S. multifamily real estate investments.
📞 +1 (512) 880-9405
📩 [email protected]
🌐 tule.capital/investments

For informational purposes only. Not an offer of securities. Past performance is not indicative of future results. Sources: CoStar, Rise48 Equity.

Hashtags: Dallas

Después de más de un año de estabilidad, la vacancia multifamily cayó a 8.9% en Q2, aproximadamente 35 bps menos que el trimestre anterior.

¿Por qué importa?

Porque cuando la demanda comienza a superar la nueva oferta, la ocupación puede empezar a mejorar y, con el tiempo, aumentar el pricing power de los propietarios.

El ciclo no cambia de un día para otro. Pero los datos comienzan a mostrar un cambio de dirección.

Cushman & Wakefield | Q2 2026 Multifamily Report

3 numbers shaping the U.S. multifamily market in 2026.

📈 124,600 units absorbed in Q2
Demand increased 8% year-over-year, marking the strongest quarterly absorption since mid-2024.

🏢 8.9% national vacancy
Vacancy declined approximately 35 bps quarter-over-quarter, signaling improving occupancy fundamentals.

🏗️ 475,000 units under construction
That represents just 3.5% of existing multifamily inventory—the lowest level since 2013.

So, what does this combination tell us?

Demand is strengthening. Supply is slowing. Occupancy is improving.

For multifamily investors, these shifts matter because they can create a more favorable environment for occupancy and, eventually, rent growth.

At Tule Capital, we focus on identifying opportunities where market fundamentals and strategic ex*****on can create long-term value for our investors.

📞 +1 (512) 880-9405
📩 [email protected]
🌐 tule.capital/investments

Source: Cushman & Wakefield, Multifamily Market Report Q2 2026.

Cuando inviertes de manera pasiva en multifamily, no solo importa cuánto vale una propiedad hoy. También importa qué tan rentable puede llegar a ser después de ejecutar una estrategia de mejoras y optimización.

El Yield on Cost (YOC) mide el NOI (Net Operating Income) de una propiedad en relación con el costo total de adquisición + las mejoras realizadas.

🔢 Ejemplo sencillo:

Supongamos que una propiedad tiene:

• Costo de adquisición: $5M
• Mejoras y estrategia de value-add: $0.5M
• Costo total: $5.5M
• NOI después de las mejoras: $440K

👉 Yield on Cost = $440K ÷ $5.5M = 8%

¿Y por qué es relevante para un inversionista pasivo?

Porque ayuda a evaluar si la estrategia de operación, administración y mejoras está logrando incrementar los ingresos de la propiedad en relación con el capital invertido.

En otras palabras: no se trata únicamente de comprar bien. Se trata de tener una estrategia clara para crear valor después de la adquisición.

En Tule Capital creemos que la creación de valor continúa mucho después del cierre. 🏢📈

Amazon is making another major bet on Austin. 🤖🏗️

The company is planning a multi-billion-dollar advanced robotics manufacturing facility in Southeast Austin, expected to create 300–500 manufacturing and engineering jobs.

But what caught my attention isn’t just the Amazon announcement.

The facility is expected to become the anchor industrial tenant at Dog’s Head, a 2,600+ acre master-planned development along the Colorado River with plans for residential, office, retail, hospitality and industrial uses.

For those of us investing in real estate, announcements like this matter because major investments rarely impact just one property.

They can bring infrastructure, jobs, housing demand, services and, over time, transform entire submarkets.

Southeast Austin is an area I’ll be watching closely. 👀

And if you’re considering buying a home or investment property in Austin, I can help you look beyond the listing and understand the market, the area, and the long-term potential behind the purchase.

Thinking about buying in Austin? Send me a DM — I’d be happy to help you evaluate where and how to buy well.

And tell me 👇
Could Southeast Austin become Austin’s next major growth corridor?

Sources: Office of the Texas Governor, Austin Business Journal & Community Impact.