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In The Media

What They Still Don’t Teach You At CBRE

by Larry Chiang on May 12, 2026

By Larry Chiang
18. TVPI vs. DPI, IRR, MOIC – Simple comparison table. 19. Good TVPI Benchmarks: 1.5x+ for family offices. 20. Gross vs. Net TVPI (fees eat returns). 21. Real Example: VC fund hitting 2.3x TVPI. 22. Why TVPI Matters for Illiquid CRE Assets. 23. Case: Hypothetical multifamily deal TVPI calc.
24-30. Step-by-step TVPI calculator walkthrough (7 slides with examples). 24. Common TVPI Pitfalls in CRE. 25. #PRPRPI: Patterns in over-leveraged deals killing TVPI. 26. Historical Rhymes: 2008 CRE crash TVPI lessons. 27. Austin-Specific: Turning around a property using #ExternalAPI 28. Visual: API’s mapped and TVPI growth curve chart. 29. Interactive: Quick audience TVPI brainstorm with an eye toward vision mapping a self-audit. 30. De-Risking Entry Point: Use TVPI as your North Star metric. 31. #RMRMRE Rule: Only chase deals with path to 1.8x+ TVPI. 32. Treasure Management Tie-In (#ch2): TVPI as treasure tracking. 33. Summary Graphic: TVPI in one image. Section 3: Applying TVPI to Commercial Real Estate (Slides 41-70) 41. CRE vs. Traditional PE: Similar illiquidity, different risks. 42. Multifamily, Office, Industrial, Retail – TVPI Profiles. 43. Austin Market 2026: Data + projections. 44. Cap Rate Compression & TVPI Impact. 45. Leverage & TVPI: When debt boosts, when it kills.
46-55. 10 Real CRE Deal Case Studies (TVPI calcs, before/after). 46. #PRPRPI Patterns: Spotting winners early (location, sponsor, exit). 47. Family Office Angle: Multi-gen wealth preservation via TVPI. 48. Co-Investment Structures for Better TVPI. 49. JVs with CBRE: How they enhance TVPI. 50. Tax Strategies & TVPI (1031, opportunity zones). 51. ESG Factors Boosting Long-Term TVPI. 52. Tech Integration: PropTech for better residual value. 53. Risk-Adjusted TVPI Framework.
64-70. Visual dashboards & scenario modeling (7 slides). Section 4: De-Risking Playbook with #RMRMRE (Slides 71-110) 71. #RMRMRE Core: Risk Mitigation, Minimization, Elimination.
72-80. 9 De-Risking Levers (one per slide: due diligence, structuring, ops, etc.). 72. Pattern Recognition (#PRPRPI): Red flags & green lights checklist. 73. Insurance & Hedging for TVPI Protection. 74. Portfolio Construction: Diversification for stable TVPI.
84-95. 12 Austin/Texas CRE De-Risk Case Studies. 75. Family Office Governance for #RMRMRE. 76. Exit Planning: Engineered for max TVPI. 77. Crisis Simulation: What happens in downturn? 78. #ch2 Integration: Treasure mapping your CRE pipeline. 79. Tools & Templates: Downloadable #RMRMRE scorecard.
101-110. Advanced Tactics (10 slides: syndication, secondaries, etc.). Section 5: Treasure Management #ch2 Deep Dive (Slides 111-130) 111. #ch2 Intro: Treasure Management Beyond Cash – Access, Credit, Flows. 112. Larry’s Treasure Map Framework (visual). 113. CRE as Treasure: From acquisition to generational wealth.
114-120. 7 #ch2 Subroutines for CRE (credit hacks, founder financing analogs, etc.). 114. Cold Shower Analogy: Building resilience for de-risking. 115. Pattern Recognition in Treasure Hunting (#PRPRPI). 116. St. Patrick’s Day 24/7: Finding pots of gold in CRE. 117. Creative Financing for Better TVPI Entry. 118. FICO → CRE Score: Building institutional credibility. 119. Mentoring & Networks: Human capital in treasure mgmt. 120. #RMRMRE + #ch2 Synergy Graphic. 121. Common Treasure Traps in Family Offices. 122. Daily/Weekly Treasure Routines. 123. Case: Applying #ch2 to a $50M CRE portfolio. Section 6: Implementation, Q&A, Close (Slides 131-150) 131-140. 10 Action Steps Checklist (implement tomorrow). 141. CBRE Partnership Opportunities for TVPI Alpha. 142. Metrics to Track Post-Event. 143. #PRPRPI Homework: Audit one holding this week. 144. Resources: Books, videos, contacts (LarryChiang.com style). 145. Final Visual: Treasure map with TVPI paths. 146. Key Takeaway: De-risked CRE = Repeatable #RMRMRE Wins. 147. Call to Action: Schedule family office deep dives. 148. Q&A Slide. 149. Thank You + Contact (650-283-8008 vibe). 150. Bonus: “What They Don’t Teach…” closing quote + group photo prompt. This outline is ready to build in PowerPoint/Google Slides/Keynote

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