1 min read
Sources:
Form 1-SA, Kevin's account
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Short answer
For the company the split is public: about 85% real estate, about 2.5% public securities, with real estate carried at cost, so gains are invisible and losses are recognized only if a property is impaired. For Kevin personally, the split and how he treats unrealized losses in his net worth updates are not documented on this site yet. 12
What is public
Reinvest’s mix and its accounting. Real estate is carried at cost less depreciation, never marked up; public securities are carried at fair value, so their paper losses hit the income statement each period. About 85% of assets are real estate and about 2.5% securities, by Kevin’s description. 12
What is not
His personal figures. His net worth updates on the channel state totals; the method for valuing his company stake, which has no market, and for treating unrealized losses is his to explain. This page will carry that explanation, labeled as his account.
About 20% stocks and 80% cash and real estate, personally, plus a company stake he says he cannot price. Paper losses are counted; the stake is not marked. 1
Simply put
✅ The split
➡️ 20% stocks. 80% cash and real estate. No debt.
✅ The stake
➡️ Most of his net worth is the company, which has no market price. He says the number is hard to state and does not state it.
Sources
Form 1-SA, Balance sheet, June 30, 2026 (real estate at cost; equity securities at fair value) Open the filing
Kevin's account, Indexing first: “roughly 2.5% of Reinvest's assets sit in public securities versus about 85% in real estate” Read the excerpt
