Suggestions
Aleksey Chernobelskiy
Advising LPs | Investor & Board Member
Professional Background
Aleksey Chernobelskiy is a seasoned investment advisor with extensive experience in the world of real estate investment trusts (REITs) and portfolio management. Currently, Aleksey serves as a principal advisor for passive investors, also known as limited partners (LPs), through his impactful platform at www.LPlessons.co, where he communicates weekly with thousands of LPs, sharing insights and guidance on existing and future investment opportunities. His proactive approach to investing and transparency has garnered him a solid following, and he invites interested parties to reach out directly via email or follow him on Twitter for a continuous stream of investment advice and updates.
Before establishing himself as a prominent figure in investment advisement, Aleksey held an influential role as Senior Vice President at STORE Capital, a publicly traded REIT (NYSE: STOR). There, he was instrumental in leading a dedicated team of 20 professionals tasked with evaluating credit risks associated with long-term leases. Under his leadership, the team managed a robust $10 billion portfolio, encompassing 2,900 properties and 100 million square feet. Aleksey’s keen strategic insight and analytical skills allowed him to significantly contribute to STORE's investment committee, shaping critical investment strategies that ultimately benefitted shareholders and impacted the broader real estate investment landscape.
Education and Achievements
Aleksey's educational journey is truly impressive. He graduated from the University of Arizona, where he achieved a remarkable 3.95 GPA and pursued a quadruple major encompassing Finance, Mathematics, Business Economics, and Accounting. His academic prowess set the stage for a successful career in finance and investments.
Further enhancing his qualifications, Aleksey participated in prestigious leadership programs that bolster his strategic thinking and management capabilities. He completed the Global Pre-MBA Leadership Program at the Yale School of Management, gaining insights into global business practices and leadership styles that would inform his enhanced role in investment advisement. Additionally, he attended Harvard Business School's Summer Venture in Management Program (SVMP), further enriching his understanding of business operations and management strategies. Furthermore, his studies at Machon Yaakov - The Rabinowitz Institute showcase an integration of educational pursuits that highlight his diverse interests and dedication.
Career Progression and Notable Achievements
Throughout his career, Aleksey has built an impressive portfolio of roles that demonstrate his deep expertise in investment analysis and management. Before his tenure at STORE Capital, he honed his skills in various capacities, serving as an Analyst in Strategy Consulting at Known and as an Investment Analyst Consultant at H3 & Co. His early roles, including internships at Hain Capital Group, Mayan Capital, and Sterling Investment Management, provided him with foundational knowledge and experience that he would later leverage in more senior positions.
His successive promotions within STORE Capital exemplify his exceptional growth and contributions. He moved from Portfolio Manager to Senior Portfolio Manager, and ultimately to Vice President of Portfolio Management, culminating in his appointment as Senior Vice President — Underwriting & Portfolio Management. Each role allowed him to utilize his analytical skills and leadership qualities effectively, fostering collaboration among his teams for optimal portfolio performance.
In addition to his professional endeavors, Aleksey's dedication to sports shines through as he has been a professional table tennis player and coach under USA Table Tennis. This unique facet of his background not only demonstrates his commitment to excellence in diverse fields but also speaks to his multi-dimensional skill set and ability to mentor and lead others.
Aleksey Chernobelskiy is a dynamic professional in the investment landscape, seamlessly blending academic achievement with practical investment experience. His integral role in advising LPs is supported by a robust background in risk assessment and portfolio management, making him a valuable asset to investors looking to navigate the complexities of the real estate markets. With a commitment to providing educational resources and insights, he continuously engages with the investment community, empowering others to make informed decisions in their financial journeys.
Highlights
Expected Value is helpful in investing, here's an example applied to real estate:
First let's remember that all investments come with some form of risk, and that risk could be losing it all.
Needless to say, investments also come with the probability of making a return - otherwise nobody would touch them!
Expected value can help you put all of these facts together to compare to an alternative investment
Example:
Let's suppose you find an investment and after doing due diligence you arrive at the following probabilities
- 25% probability of losing everything
- 50% probability of breakeven
- 25% probability of doubling your money
I.e. 25%(-100%) +50%(0%) +25%*(100%) = 0% EXPECTED return
So you're better off choosing a 5% CD, which has 100% chance of a 5% return, thereby being the expected value as well.
Of course, this doesn't account to reinvestment risk on the CD and tax benefits ... but I also wouldn't recommend making investment decisions based on tax benefits :)
I hope this helps!
Follow Aleksey Chernobelskiy for more on LP investments
Own a business? Here's one of the best talent ROIs I've seen:
Step 1: Buy a fancy espresso machine for the front desk Step 2: Hire a barista
"Receptionist" + "Barista" = Receptionista!
You likely have to hire a receptionist anyway, and this hire will now serve two purposes
In addition, coffee brings people to the office earlier and folks will stay later
Energy and culture in the office is much better as well
Shout out to Kern Schireson / Roberto Lartigue / Jacob Harris (hope you're well guys) and the other folks at Schireson (now doing business as Known) that actually did this!
