Mag 7 Falls Behind, How David Adelman Bought the 76ers, Bill Ackman Buys Uber

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Feb 11, 2025

David Adelman, CEO of Campus Apartments and newly minted owner of the Philadelphia 76ers, shares his fascinating journey from betting to real estate mogul. He dives into the evolution of the student housing market, emphasizing community impact and strategic investments. Adelman also discusses the thrill of sports ownership, including plans for a new arena in Philadelphia. The conversation highlights innovative startups in venture capital and the evolving dynamics of fan experience, showcasing the intersection of passion and business savvy.

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ANECDOTE

The Bet

David Adelman, at 11, bet his belongings on a basketball game against "Uncle Alan" and lost.
He had to work at Alan's business, Campus Apartments, to earn them back.

ANECDOTE

The Investment

Instead of investing his Bar Mitzvah money in stocks, 13-year-old Adelman gave it to Uncle Alan.
He "invested" in what looked like the biggest apartment building, marking his entry into real estate.

INSIGHT

Consistent Business

Student housing is a remarkably consistent business.
Even during COVID, Campus Apartments maintained approximately 94% of their revenue.

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On this TCAF Tuesday, Josh Brown and Michael Batnick sit down with David Adelman, CEO of Campus Apartments, co-founder and Vice Chairman of FS Investments, and the founder of Darco Capital to discuss his early start in real estate investing, the growth of his portfolio, his experience in venture capital, and the mindset that has driven his massive success. Then at 49:25 hear an all-new episode of What Are Your Thoughts with Josh Brown and Michael Batnick!

This episode is sponsored by Kelly ETFs. To learn more about Cows and HCows ETFs, visit: https://kellyintel.com/

David Adelman Interview: https://www.youtube.com/watch?v=RBHWvBVf87k

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