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This episode of First Draft Live is presented by Agora.It's been a chaotic year for the construction industry. Between a volatile tariff regime, elevated interest rates and increased pressures on its labor force, contractors have had to navigate one of the most difficult environments in recent memory. On this week's First Draft Live, Shawmut Design and Construction CEO Les Hiscoe breaks down the impacts of the uncertainty and how his $2B Boston-based company is handling the turmoil. “When things aren't known and you can't really plan on them in our industry, you can't give our clients predictability,” he said on the show.While many developers are responding to the moment by delaying projects — Hiscoe said one of his clients won't start building until interest rates fall a full percentage point — Shawmut is advising them against it as the impacts of tariffs have yet to fully be realized.“Waiting is a mistake,” he said.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.
In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by Mike Kendall, who heads the Industrial West Coast investment team. The discussion centers around the state of the industrial real estate market in the first half of 2025, highlighting trends, regional variations, and investment strategies. Key insights include the observation that the risk pendulum is currently skewed, making it a potentially good time to buy for strategic investors. Market activity, influenced by factors like tariffs and tenant demand, shows varying strengths across regions like Phoenix, the Inland Empire, and Seattle. The conversation also covers cap rates, aggressive buyers, and the challenges developers face in raising equity for speculative projects. The episode concludes with predictions for the second half of 2025, suggesting a modest uptick in transaction volume driven by certain types of deals, with a more significant increase expected in early 2026. 00:00 Introduction to the Risk Pendulum 00:37 Welcome and Guest Introduction 01:07 Market Activity and Trends in 2025 02:02 Investment Strategies and Deal Dynamics 03:54 Challenges in Land Sales and Equity Raises 05:45 Regional Market Analysis 08:27 Demand Shifts and Investment Profiles 11:10 Aggressive Buyers and Market Predictions 14:31 Cap Rates and Market Performance 16:16 Conclusion and Farewell
The Fed may be gearing up for four interest rate cuts in 2025—but what does that mean for commercial real estate? In this week's Drunk Real Estate, the guys break down the latest interest rate outlook, explore how rate cuts have historically affected CRE, and debate whether lower rates will actually solve the sector's biggest problems. We'll cover: Why 4 cuts this year could shake investor confidence How rate cuts impact property values, financing, and cap rates The risks of moving too quickly with monetary policy Practical takeaways for commercial real estate investors in 2025 Whether you're an active CRE investor, a passive LP, or just watching the market, this episode will give you the insights you need to navigate what could be a historic shift in real estate.
This is the Women of Influence Podcast Series, delivering next level insights and expertise live from GlobeSt.'s Women of Influence Conference.The Women of Influence Podcast Series is an exclusive mini-series of The Crexi Podcast, an insider's look at all things commercial real estate, produced in collaboration with GlobeSt. The Crexi team visited Women of Influence and recorded in Denver, Colorado, from the floor of the conference, highlighting movers and shakers in commercial real estate. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Shanti Ryle, Director of Content Marketing at Crexi, sits with several keynote speakers from the conference, to cover wide-ranging topics, including:Breaking In – Nontraditional Paths to CRECarving Your NicheOvercoming Challenges Opening Doors – Mentorship & LegacyWhy Women Should Get into CRE NowFeaturing special guests:Marcy Moneypenny, Founder of The Moneypenny CollectiveJudy Cazeau, CEO & Managing Principal, The OPAC GroupDaria Walker, Founder, Walker Realty CapitalJessica Miller, Founder, Rock Spring Real Estate SolutionsLeanne Berthiaume, VP of Leasing and Operations, Rock Spring Real Estate SolutionsSuzanne Schefcik, SVP, Colliers About GlobeSt. Women of Influence: The Women of Influence Conference is an exclusive two-day event that celebrates the women who drive the commercial real estate industry forward. These influential leaders will discuss the critical issues facing CRE now and in the future, what it means to be a woman in business today and how women CRE leaders can uplift and support each other on their journey to the top. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/ https://www.crexi.com/instagram https://www.crexi.com/facebook https://www.crexi.com/twitter https://www.crexi.com/linkedin https://www.youtube.com/crexi
John Marsh's story is almost too wild to believe. At 23, he was $1.5M in debt, $99K overdrawn, hooked on meth, and ready to end his life in the attic of his home.Then—everything changed.Today, John and his wife have rebuilt over 200 properties, steward $2B in real estate across America, and are on a mission to save small towns through what he calls “redemptive real estate.”In this episode:The attic moment that changed everythingHow he built wealth without filing bankruptcyWhy “God loves idiots” is his secret to successThe 5 F's that keep his businesses, marriage, and mission alignedHis $30M “land-based cruise ship” model to revive small-town AmericaWhether you're in real estate, business, or just love a jaw-dropping comeback story, this one will leave you rethinking what's possible.
En el 900.50.60.06, responden nuestros 'Fósforos' al tema del día que les proponemos. Queremos que nos cuenten cuál fue la primera palabra que dijo su hijo/a o esas primeras cosas que siempre recuerdan que han hecho. Juan Manuel es el primer oyente en hablar sobre ello. Nos llama desde Lorca (Murcia). En su caso, su hija empezó a decir ammá. Creían que decía mamá en realidad. Lo daban por hecho. Pero resulta que, después, empezó a pronunciar mejor y "empezó a decir jama. Yo me llamo Juan Manuel. Y quería decir Juanma".Inmediatamente después, hablamos con Francisco. Este oyente llama desde Benalmádena (Málaga). Fueron a una frutería y la primera palabra que dijo su hijo fue "aguacate. Una palabra muy complicada para un bebé. Me ha salido muy sano el niño. Parece que estaba predestinado a decirlo". Les dio por reírse, claro.Ascensión es otra 'Fósfora' que relata su caso en 'Herrera en COPE'. Es manchega. Su hijo tiene 43 años. No recuerda si dijo primero papá o ...
This week on The Industrialist: Shop Talk, Jeremy, Jeff, and Will cover everything from industrial leasing headaches to college football season previews. The guys break down why their 27,000 SF heavy industrial listing isn't moving, the realities of a rent correction in the IOS space, and the challenge of standing out in a crowded DFW market. In market updates, they hit CRE stock performance, ETF skepticism, and the “Term of the Week”: Family Office—what it is, what it isn't, and why $100M might be the magic number.From there, the conversation runs through ACC football storylines, key matchups for Clemson, SMU, Florida State, Miami, UNC, and Pitt, plus some nostalgic detours on legendary players. Wrapping up, they spotlight two big industry moves: the launch of Eider Creek, a Texas-focused industrial investment and development firm, and S2 Capital's acquisition of Fort Capital's industrial platform.Link to Articles Mentioned: https://therealdeal.com/texas/dallas/2025/08/11/dallas-industrial-real-estate-veterans-launch-eider-creek/https://s2cp.com/s2-capital-enters-definitive-agreement-to-buy-industrial-real-estate-platform-fort-capital/
Ha lieve Luisteraar! Lou hier met een nieuwe uitzending van de Miracle Town Radio Show. Deze keer over de Wonderlijke Wet van Relativiteit. Het is nogal een lange uitzending geworden. Met name door het voorlezen van het laatste fragment uit het dagboek van Charlie waarin haar vader haar dagboek heeft gelezen én de Noteflix en haar daar een hele tirade over geeft. Zoiets gelóóf je toch niet…! Dit is pseudowetenschap, en WooWoo. Die juf van jou zou je wetenschappelijk moeten leren denken. Etc etc. Charlie weet niet hoe ze zich tegen de aanval van haar vader kan verdedigen. De reden dat het uiteindelijk zo'n lange uitzending is geworden is omdat dit fragment natuurlijk niet uit de lucht is komen vallen… Door het voorlezen en de inhoud ervan werd ik ook weer even geteleporteerd naar (o.a…) twee heel pijnlijke momenten uit mijn eigen leven. De reactie op mijn eerste zwangerschap op mijn 25ste en de (nog heftigere) reacties op de zwangerschap van mijn dochter Jipp op haar 17e… Daar kwam zomaar even oud zeer naar boven en ik denk dat dit een heel waardevolle uitzending kan zijn voor iedereen die met kritische ouders en siblings (de buitenwereld..) is opgegroeid. En laten we wel wezen, niemand komt zonder kleerscheuren uit zijn of haar jeugd. Creëren heelt. Jipp en ik schreven er het boek ‘Moedige Moeders en Dappere Dochters over; de geboorte van een tienermoeder' over. (https://louniestadt.com/books/). Het is alleen nog als e-book te verkrijgen, omdat Jipp er geen herdruk van wilde. De kritiek is inmiddels volledig omgezet in positieve support, wat veel belangrijker is dan de oorspronkelijke pijn. Pijn is onvermijdelijk, lijden is een keuze. Get over it. De Wonderlijke Wet van Relativiteit kan hier enorm bij helpen. Kun je de mogelijkheden vinden in de onmogelijkheden? Wat is het verborgen voordeel in het nadeel? Kun je van perspectief veranderen? In deze uitzending krijg je een uitgebreide tool om dat te doen. Én je ontmoet je Super Zelven en de rode draad die ze met elkaar gemeen hebben die dus JOUW SUPER POWER zijn! Zoen! Lou. P.S. Deze uitzending is misschien wel de grootste reden waarom het me nou zo fijn lijkt als kinderen van jongs af aan de tools hebben om zich te óntdoen van de kogels uit de geladen pistolen en de scherpe tongen van de hele goegemeente, die het misschien wel goed meent maar een hoop schade aan kan richten. Tenzij… Je eigen Noteflix bestel je hier: https://louniestadt.com
Lance Coffman returns to Inspector Toolbelt Talk to deliver a masterclass on the current state of commercial property inspections and why it remains an exceptional opportunity for inspectors looking to diversify their business.While residential markets have struggled over the past two years, commercial inspections continue to thrive. Unlike residential inspections that depend almost entirely on real estate transactions, commercial inspectors serve a diverse clientele including current building owners, maintenance teams, portfolio managers, REITs, and attorneys. This diversity creates stability regardless of market conditions, as commercial property owners consistently need expertise to either make money or avoid losing it.One of the most critical success factors Lance emphasizes is creating a dedicated commercial inspection identity. "Commercial leads go to your home inspection website, get shot in the face, dragged into the woods, and buried in a 10-foot deep hole," he explains colorfully. Commercial clients want specialists, not generalists, and perceive tremendous value in a dedicated commercial inspection service. This perception justifies the substantially higher fees - often thousands or tens of thousands of dollars compared to residential's typical $500 range.The commercial landscape continues evolving with several hot trends. Data centers are booming due to AI expansion, while former office buildings are being repurposed into multifamily housing as remote work changes demand patterns. Churches, schools, government buildings, and small business properties remain consistently strong sectors. Lance recommends setting up Google Alerts to monitor commercial real estate movements in your region and identify emerging opportunities.Rather than attempting to master every commercial property type, successful inspectors find their niche. This specialization allows them to build deep expertise and confidence when consulting with business leaders - a critical skill since commercial inspection is fundamentally consultative rather than merely technical. The fourth quarter presents unique opportunities when businesses plan their annual budgets, making it prime time to demonstrate how preventative inspections save money.For those interested in making the transition to commercial work, resources like CCPIA provide vital education, coaching, and community. Lance hosts the "Staying Smart in CRE" podcast and weekly coaching calls to help inspectors navigate this lucrative but different world. The commercial inspection market remains what Lance calls "the golden age" - comparable to residential inspections in the early 2000s when competition was low and opportunity abundant.Ready to elevate your inspection business? The commercial market awaits those willing to position themselves as true building consultants rather than just inspectors.Check out our home inspection app at www.inspectortoolbelt.comNeed a home inspection website? See samples of our website at www.inspectortoolbelt.com/home-inspection-websites*The views and opinions expressed in this podcast, and the guests on it, do not necessarily reflect the views and opinions of Inspector Toolbelt and its associates.
Paypal: https://www.paypal.com/paypalme/editorialtpv ¿Creías que el fin del mundo era una idea moderna? En este podcast exploramos cómo la visión apocalíptica de teólogos ingleses y escoceses del siglo XVII no solo sobrevivió a la Reforma, sino que la transformó. Desde la Biblia de Ginebrahasta los exiliados, descubre cómo una interpretación de las profecías forjó una nueva esperanza milenaria. Te invitamos a un viaje fascinante a las raíces de una creencia que moldeó sociedades, influyó en la política y dio forma al futuro. ¿Estás listo para desenterrar el pasado? Fuente: https://semperreformandaperu.org/2024/11/28/el-fin-del-mundo-y-los-reformados-ingleses-y-escoceses/ Siguenos: - Web: https://teologiaparavivir.com/ - Blog: https://semperreformandaperu.org/ - Facebook: https://www.facebook.com/teologiaparavivir/ - Instagram: https://www.instagram.com/teologiaparavivir/ - Youtube: https://www.instagram.com/teologiaparavivir/
On this episode of Next Level CRE, Matt Faircloth interviews Jonathan Twombly, a former Wall Street lawyer turned real estate investor and boutique hotel redeveloper. They dive into the value of mastermind groups, highlighting how peer accountability, vulnerability, and structure have supported their decade-long growth in the CRE space. Jonathan shares the story of how he exited a 400-unit multifamily portfolio in South Carolina at the peak of the market, pivoting into underperforming hotel assets in overlooked markets like upstate New York. He details his hands-on repositioning strategy, challenges of retraining the market after a hotel renovation, and why legacy hotel owners are one of the best untapped seller demographics today. Jonathan Twombly Current role: Founder of Two Bridges Asset Management; Partner in boutique hotel syndications Based in: Brooklyn, New York Say hi to them at: LinkedIn or visit Apartment Investors Club at apartmentinvestorsclub.com Visit investwithsunrise.com to learn more about investment opportunities. Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices
The original Opportunity Zone program drove more than $100B into real estate and business investment, but it also faced criticism it missed its mark, failing to spur development in the areas that needed it most.The One Big Beautiful Bill Act just made OZs permanent and it aims to fix all that, tightening the rules on what areas may be designated OZs, lowering the area median income threshold and heavily incentivizing rural development.On this week's First Draft Live, Steve Glickman — co-author of the original OZ program and CEO of Statt — said OZs have been a wild success, especially at spurring much-needed housing.“You're talking bang for the buck that's unparalleled,” he said.Glickman said the new rules will make OZ 2.0 even better, though how much it drives rural development all comes down to designating sites at “the nexus between need and investability.”Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.
In this episode of the Industrial Advisors podcast, hosts Bill Conde and Matt McGregor discuss the pros and cons of entering the brokerage industry straight out of college versus transitioning from another career. With their own children graduating soon, they reflect on their different paths to success in the field. Bill and Matt agree that there's no right or wrong way to enter the industry, emphasizing that both fresh graduates and career changers can succeed with the right mindset and determination. They stress the importance of having realistic expectations, a willingness to learn, and the endurance to overcome initial challenges. The episode concludes with congratulations to new graduates and encouragement to those considering a career in commercial real estate. 00:00 Introduction to the Podcast 00:47 Hosts' Personal Connections to the Topic 01:16 Pros and Cons of Entering Brokerage Right Out of College 01:57 Challenges for Young Brokers 02:41 Advantages of Starting Young 04:08 Building Relationships in the Industry 05:25 Final Thoughts and Congratulations to Graduates You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com Should You Start Brokerage Right Out of College?
This week, we discuss the wild shifts in September rate cut odds, President Trump's recent nomination of Stephen Miran to the Federal Reserve Board, and the meltdown in commercial real estate & public pensions. We also game out different tariff scenarios, the impact of the TGA rebuild, and the economy's slow-moving trainwreck. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance — Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for £100 OFF https://blockworks.co/event/digital-asset-summit-2025-london __ Weekly Roundup Charts: https://drive.google.com/file/d/1HjM04EXMKGsMRRzD1L_oaSqbYpGJT375/view?usp=sharing — This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH): http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX): vaneck.com/SMHXFelix — Timestamps: (00:00) Introduction (02:03) Market Whipsaw (03:10) Miran Fed Nomination (06:07) Where Are We Right Now? (10:19) CRE & Chicago Meltdown (16:50) VanEck Ad (17:35) Pension Crisis (22:17) Dependence on the Rich (26:29) Gaming Out Tariff Scenarios (32:59) VanEck Ad (33:43) Gaming Out Tariff Scenarios (36:52) Gold Demand & Bitcoin Reserve (40:28) TGA Rebuild (48:19) Negative Real Rates Incoming (50:14) Vanguard Bond Allocation (53:52) Our Slow-Moving Trainwreck (56:04) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance
Audio Devocional "Crezcamos de Fe en Fe" - Ministerios Kenneth Copeland
«Señor, pon un vigilante en mi boca; ¡ponle un sello a mis labios!» (Salmos 141:3) ¿Crees de veras que necesitas guardar tu boca? La mayoría de los creyentes no lo creen. Pon atención a lo que dicen y te darás cuenta de ello. Por ejemplo, cuando se trata de la salud, dicen que confían en Dios; pero es probable que los oigas decir: “Estoy seguro de que me dará gripe. Todos los años es lo mismo. De hecho, será más fuerte de lo que creía, ya verás…”. ¿Crees que esas personas reciben lo que dicen? ¡Claro que sí! Pregúntales unas semanas después, y su respuesta será que sí se enfermaron, tal como lo dijeron. Pero si tratas de decirles que hay cierta relación entre las palabras que dijeron y la enfermedad que adquirieron, te mirarán como si estuvieras loco. Claro que si esas personas escudriñaran la Palabra de Dios y entendieran lo que dice acerca del tema, se darían cuenta de que las palabras que hablan ejercen un gran impacto en sus vidas y definen, casi literalmente, su futuro. Si eres un creyente nacido de nuevo, ya habrás visto los ejemplos más poderosos de ese impacto. Creíste con tu corazón y confesaste con tu boca que Jesús es el Señor, y esas palabras cambiaron el curso de tu vida por la eternidad. Sabes por experiencia propia el poder que tienen las palabras. No obstante, si eres parecido a mí, te habrás dado cuenta de que es difícil ser constante cuando se trata de hablar palabras llenas de fe. Yo lo he hecho por muchos años; sin embargo, a pesar de todo ese tiempo y de todas las experiencias que he tenido, siempre debo tener cuidado con mis palabras. El mundo que te rodea fluye en una corriente negativa. Como un río caudaloso, el mundo siempre está tratando de arrastrarte para que sigas esa corriente. Pero cuando vives por fe y hablas palabras de fe, es como estar remando contra la corriente. Puedes hacerlo, pero es un trabajo muy arduo. No puedes darte el lujo de tomar unas vacaciones en esa área. Si flaqueas un poco, la corriente empezará a llevarte río abajo. Decide ahora mismo que guardarás la puerta de tus labios y que llenarás tu boca constantemente con la Palabra de Dios: «Hijo mío, presta atención a mis palabras; Inclina tu oído para escuchar mis razones» (Proverbios 4:20). Haz de la Palabra de Dios tu guarda, y todo lo que digas te llevará un poco más río arriba. Lectura bíblica: Romanos 10:8-17 © 1997 – 2019 Eagle Mountain International Church Inc., también conocida como Ministerios Kenneth Copeland / Kenneth Copeland Ministries. Todos los derechos reservados.
Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. Recorded live on the sidelines of the Southwest Ontario Real Estate Forum, this episode of the Commercial Real Estate Podcast has hosts Aaron Cameron and Adam Powadiuk welcoming Mike Bradley, the long-serving Mayor of Sarnia, Ontario. With 38 years in office, Mayor Bradley shares... The post Real Estate Resilience in a Border City with Mayor Mike Bradley, City of Sarnia appeared first on Commercial Real Estate Podcast.
Hear Yonah Weiss break down cost segregation, bonus depreciation, and tax strategies to help CRE investors save and scale faster in today's market.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode of The Crexi Podcast, host Shanti Ryle sits down with Yonah Weiss to discuss the ins and outs of cost segregation in commercial real estate. Yonah shares his journey from being a teacher, to a key figure in real estate investment, detailing how cost segregation can provide substantial tax savings. Yonah explains basic and advanced strategies, the impact of regulatory changes, and offers real-life examples of how these methods can transform an investor's financial landscape. Ideal for both newcomers and seasoned investors, this episode is packed with valuable insights and practical advice for optimizing tax benefits in real estate.Meet Yonah Weiss: A Real Estate PowerhouseYonah's Journey into Commercial Real EstateThe Turning Point: Embracing Real EstateDiscovering Cost SegregationEducating the Industry: From Novice to ExpertBalancing Work and Content CreationUnderstanding Cost SegregationIntroduction to 100% Bonus DepreciationPhase-Out and Potential Return of 100% Bonus DepreciationSituations Where Bonus Depreciation May Not Be BeneficialSuccess Stories of Cost SegregationAdvice for Small Property OwnersAdvanced Cost Segregation StrategiesCurrent Market Trends and Cost SegregationRegulatory Changes and Related Tax StrategiesRapid Fire Questions and Conclusion About Yonah Weiss:Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving over a Billion dollars on taxes. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/ https://www.crexi.com/instagram https://www.crexi.com/facebook https://www.crexi.com/twitter https://www.crexi.com/linkedin https://www.youtube.com/crexi
Nathan Herz is the Co‑Founder and COO of Paraspot AI, a New York‑based AI company backed by RE Angels, ffVC, 97212 Ventures, SaaS Ventures & Aroundtown that applies advanced computer vision to automate property inspections for Single-family, Multifamily, Hospitality, and Logistics operators. Paraspot's platform reduces inspection costs and time, empowering operators to manage assets efficiently remotely. Since co-founding the company in 2020, Nathan has been instrumental in scaling operations, leading sales strategy, and building key client relationships.(01:28) - Nathan's Real Estate Journey & Birth of Paraspot(06:15) - Challenges & Innovations in Property Inspections(10:17) - AI-Powered Inspections(18:07) - Latest Property Management Regulation in CA & NY(21:05) - Feature: CREtech - Join CREtech New York 2025 on Oct 21-22 for the largest Real Estate Meetings program. Qualified Real Estate pros get free full event pass plus up to $800 in travel and hotel costs.(22:38) - Founder Timing & Persistence(25:58) - New Audio Feature for Inspections(28:32) - Single Family vs. Multifamily Market Fit(37:31) - New Partnership Announcement with DepositCloud(39:52) - Collaboration Superpower: Nathan's grandpa & Ryan Serhant
By 30, Kevin Dean has done more in commercial real estate than most do in a lifetime.In this episode, Kevin joins Bo and Timmy to unpack the mindset, discipline, and high-stakes moves that helped him build an extraordinary track record—while staying grounded in his mission, his family, and his faith.From walking away from security to betting on himself (and winning), Kevin shares:
Hue Chen, President of Saglo Companies, stopped by to drop some serious shopping center knowledge. From his early days as a leasing agent to leading one of South Florida's most active retail owner-operators, Hue's journey is a masterclass in grit, hustle, and long-term vision.A fixture at ICSC and a forward-thinker in applying AI to real estate, Hue shares how he's stayed ahead of the curve while scaling a portfolio and building lasting relationships in the CRE world.Tune in to hear how to rise through the ranks, lead with energy, and stay sharp in a rapidly evolving industry.Connect with usWant to dive deeper into Miami's commercial real estate scene? It's our favorite topic—and we're always up for a good conversation. Whether you're just exploring or already making big moves, feel free to reach out at felipe@builtworldadvisors.com or give us a call at 305.498.9410. Prefer to connect online? Find us on LinkedIn or Instagram—we're always open to expanding the conversation. Ben Hoffman: LinkedIn Felipe Azenha: LinkedIn We extend our sincere gratitude to Büro coworking space for generously granting us the opportunity to record all our podcasts at any of their 8 convenient locations across South Florida.
This episode is a rapid-fire masterclass on essential commercial real estate terms—from NOI to CapEx—designed to help investors speak the language of CRE with total confidence. Time Stamps: 0:00 - Introduction 3:30 - Intro to Commercial Real Estate Terminology 3:45 - NOI 4:40 - Cap Rate 6:10 - IRR 7:20 - Cash on Cash Return 8:30 - Equity Multiple 9:05 - Gross Potential Rent 10:00 - Effective Gross Income 10:25 - DSCR 12:30 - Operating Expense Ratio 12:40 - Break-Even Occupancy 13:10 - Debt Yield 13:30 - Appraisal 14:00 - Replacement Cost 15:15 - Basis 15:32 - Underwriting 15:56 - Pro Forma 16:07 - Rent Roll 16:18 - LOI 16:24 - PSA 16:42 - LTV & Leverage 17:14 - Amortization 17:45 - Balloon Payments 18:08 - Bridge Loans 18:52 - Recourse vs Non-Recourse 19:15 - Lease Types (Triple Net, Gross, Modified Gross) 20:00 - Anchor & Shadow Anchor 20:50 - TI (Tenant Improvements) 21:40 - CAM 22:09 - Rent Escalations 22:15 - Option to Renew 22:30 - GP / LP / Syndication 23:10 - Preferred Return 24:00 - Promote, Hurdle, Waterfall 25:10 - 1031 Exchange 25:45 - REIT 26:30 - CapEx / OpEx 26:45 - Stabilized Property 27:18 - Disposition Visit thecriterionfund.com to stay up to date on our latest investments and so much more! CommercialRealEstate #CREInvesting #RealEstateTerms #NOI #CapRate #IRR #CashOnCashReturn #DSCR #REITs #1031Exchange #CRE101 #PassiveIncome #ValueAdd #TripleNetLease #RealEstateFinance
====================================================SUSCRIBETEhttps://www.youtube.com/channel/UCNpffyr-7_zP1x1lS89ByaQ?sub_confirmation=1==================================================== LECCIÓN DE ESCUELA SABÁTICA III TRIMESTRE DEL 2025Narrado por: Miguel PáezDesde: Bogotá, ColombiaUna cortesía de DR'Ministries y Canaan Seventh-Day Adventist ChurchMARTES 05 DE AGOSTOEL CRUCE DEL MAR ROJO Lee Éxodo 13:17 a 14:12. ¿Cómo guio Dios a los israelitas cuando salieron de Egipto y qué ocurrió después? En armonía con las instrucciones dadas por Dios a Moisés, los israelitas salieron de Egipto como un ejército bien organizado. Los términos hebreos tsaba' y majaneh, traducidos como “ejércitos”, “escuadrones”, “campamento” y “huestes”, atestiguan esa descripción (Éxo. 6:26; 7:4; 12:17, 41, 51; 14:19, 20; compara con Éxo. 13:18). Los hebreos se dividieron en unidades y marcharon como un ejército. Más tarde, Balaam vio desde las colinas de Moab que Israel estaba “acampando por tribus” (Núm. 24:2, NVI). Mientras tanto, “Moisés llevó consigo los huesos de José” (Éxo. 13:19). Este es un detalle muy importante del texto, y revela el cumplimiento de las promesas de Dios en respuesta a la fe de José, quien nunca perdió de vista la Tierra Prometida aun en medio del esplendor y los privilegios de Egipto. Pidió que sus huesos fueran llevados a la tierra de Canaán (Gén. 50:24, 25). Creía que el Señor visitaría a Israel en Egipto y lo llevaría a la tierra, como había jurado (Heb. 11:22). Cuando Israel llegó a Canaán, los huesos de José fueron sepultados en Siquem (Jos. 24:32). La columna de nube y la de fuego eran los signos visibles de la presencia de Dios entre su pueblo. El Señor habitaba allí y se comunicaba con ellos también desde la nube (Éxo. 14:24; Núm. 12:5, 6). El faraón reveló ahora los verdaderos motivos de su corazón. No estaba convertido y nunca se arrepintió de verdad. Su petición a Dios para que lo bendijera era una farsa, tal vez un autoengaño. Reunió a su ejército y fueron tras sus esclavos fugitivos. ¡Cuán totalmente cegado por el pecado estaba realmente este hombre! Cuando el pueblo vio venir al ejército del faraón, pronunció palabras y expresó sentimientos de los que se harían eco más de una vez: “¿No había sepulcros en Egipto, que nos sacasen a morir en el desierto? ¿Por qué has hecho así con nosotros al sacarnos de Egipto?” (Éxo. 14:11). Aun después de haber visto manifestaciones tan dramáticas del poder de Dios, que incluyeron el libramiento de sus hijos primogénitos, el pueblo seguía mostrando una asombrosa falta de fe. Piensa en la última vez que te enfrentaste a una situación terrible. ¿Cuál fue tu primera reacción: fe en Dios o falta de ella? ¿Qué lecciones deberías haber aprendido de esa situación que podrían ayudarte la próxima vez que enfrentes otra?
Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Cody Charfauros, Principal/Managing Director, Slatt Capital Episode discussion topics: What are some of the biggest changes you've seen in the CRE market since then? When you were last on Connect, we talked about the adoption of technology in CRE. Where is the industry today? How is the insurance crisis impacting the commercial real estate finance industry? You are also serving as this year's Chair for our 2025 Western States CREF Conference (wscref.com). What are some of the highlights you can share with our listeners? Western States CREF is our signature event for the CRE industry but the support we receive through membership is crucial to our continued success. What do you share about the value of the California MBA with companies considering membership? To learn more about the California MBA, visit cmba.com
România guvernată prin crize. E posibilă o reformă reală a clasei politice? ANALIZĂ (Adevărul) - Paradoxal, în timp ce România este în cea mai proastă situaţie fiscală din ultimii 15 ani, românii înregistrează cea mai mare acumulare de capital, de avere din toată istoria (Ziarul Financiar) - România părăsită: 1,2 milioane de case goale în sate. Unele comune, chiar dacă sunt lângă Capitală, au un sfert din locuințe părăsite (Europa Liberă) - Eroare de strategie. De ce era nevoie de Nicușor Dan sau Ilie Bolojan la Broșteni (SpotMedia) La Broșteni, Suceava, deși Guvernul României a reacționat rapid, a trimis forțe masive de intervenție în zonă, sprijin material, logistic, hrană, apă, absența președintelui sau a prim-ministrului a creat un vid de autoritate ocupat rapid de propaganda Rusiei. Toată promovarea politică, de un cinism înfiorător, făcută de George Simion și de Călin Georgescu, profitând de suferința celor afectați de tragedie, a fost posibilă pentru că președintele și prim-ministrul, cei care aveau autoritatea publică și morală să arate sprijin pentru cei aflați la necaz, nu au fost prezenți. Poate absența lor a fost justificată, poate au considerat că o astfel de deplasare ar putea fi interpretată ca fiind populistă, poate că s-au ferit să transforme o tragedie într-un eveniment politic. Toate acestea, în opinia jurnalistului SpotMedia, sunt raționamente valabile, de bun simț și decizii logice într-o situație normală. Dar dacă ne uităm în jur, România gâfâie și scârțâie din toate balamalele ca să păstreze aparența de normalitate. Rusia trage spre țara noastră cu toate armele războiului hibrid. Simion și Georgescu sunt folosiți la maximum pentru a crește neîncredere în democrație, instabilitatea economică și socială, pentru a provoca o serie de crize politice. România guvernată prin crize. E posibilă o reformă reală a clasei politice? ANALIZĂ (Adevărul) Cabinetul condus de Ilie Bolojan se înscrie într-un șir mai lung de guverne care au debutat cu scandaluri legate de membri săi încă din prima lună. În ultimele 3 echipe guvernamentale 9 miniștri au plecat ca urmare a unor presiuni publice. Astfel de scandaluri arată că România are nevoie și de politicieni, iar partidele trebuie să găsească mecanismele de promovare necesare pentru a aduce la vârf oamenii potriviți, spune profesorul Radu Carp. Citiți mai mult în ziarul Adevărul. Paradoxal, în timp ce România este în cea mai proastă situaţie fiscală din ultimii 15 ani, românii înregistrează cea mai mare acumulare de capital, de avere din toată istoria (Ziarul financiar) Toată România este cuprinsă de febra ajustărilor fiscale-bugetare, creşterea TVA şi a altor taxe, restructurarea bugetară, pensiile speciale, etc. Toată lumea a auzit că România are cel mai mare deficit bugetar din Uniunea Europeană - 9,3% în 2024, toată lumea a auzit că guvernul trebuie să reducă deficitul bugetar şi de aceea trebuie puse în aplicare pachetele fiscale 1,2,3, şi câte or mai fi. Guvernul este cu spatele la zid, suntem într-un mare derapaj fiscal, cresc taxele şi impozitele, dar înregistrăm cea mai mare acumulare de capital, chiar de la cel mai sărac român până la cel mai bogat român. De unde vine asta: 1. Averea imobiliară a românilor, formată din apartamente, case, terenuri, clădiri de birouri, spaţii logistice, creşte de la an la an odată cu creşterile de preţuri de pe piaţa imobiliară. Conform estimărilor, averea imobiliară a depăşit 500 de miliarde de euro şi se îndreaptă către 550 de miliarde de euro, dacă nu chiar mai mult. 2. Depozitele bancare ale românilor, persoane fizice sunt la un maxim istoric – 389 de miliarde de lei. 3. Titlurile de stat. Soldul titlurilor de stat vândute către populaţie în lei şi valută a depăşit 46 miliarde de lei. Integral în ZF. Creșterea TVA la locuințe pune capac la șansa familiilor tinere de-a-și cumpăra o casă și presează în sus prețul chiriilor: de ce au explodat prețurile în ultimii 4 ani? Programul „Noua Casă”, tot mai inaccesibil (CursDeGuvernare) Majorarea cotei de TVA de la 9% la 21%, la achiziția unei locuințe noi, de la 1 august, va avea un impact puternic asupra pieței imobiliare, deja afectată de scumpirile generate de inflația ridicată la materialele de construcții din ultimii trei ani. Până acum, livrarea de locuințe noi cu o suprafață până la 120mp și o valoare de maxim 600.000 lei (exclusiv TVA) realizate către persoane fizice beneficia de cota redusă de TVA de 9%, dacă sunt îndeplinite condițiile și formalitățile prevăzute în Codul Fiscal. Această facilitate fiscală a fost esențială pentru sprijinirea accesului la o locuință, în special pentru tinerii care accesau programul „Prima Casă”. Trecerea la cota unică de TVA de 21%, reprezintă în practică o majorare cu 133% a cotei de TVA. Programul Noua Casă lansat în 2009 este unul dintre puținele programe guvernamentale care s-a bucurat de un real succes. Până la finele lunii decembrie 2024, au fost 334.048 de beneficiari, fiind acordate garanții în valoare de 31,6 miliarde lei, care au susținut credite totalizând peste 64 miliarde lei. Însă ca urmare a creșterilor de prețuri, numărul locuințelor finalizate a scăzut de la un vârf de 73.338 în 2022 la 60.787 în 2004, ceea ce reprezintă o reducere de 17,3% în doar doi ani. România părăsită: 1,2 milioane de case goale în sate. Unele comune, chiar dacă sunt lângă Capitală, au un sfert din locuințe părăsite (Europa Liberă) Un sfert din totalul locuințelor din România sunt nelocuite: mai exact 2,5 milioane de case. Iar aproximativ jumătate dintre acestea sunt la țară. Satele părăsite nu sunt doar în zone greu accesibile din munți sau Delta Dunării. Sunt comune care sunt și la 50 de kilometri de București și care au 25% dintre case neocupate. Europa Liberă a vizitat trei dintre ele: Răsmirești, în județul Teleorman, la 70 de kilometri de București, comuna Ciocârlia, județul Ialomița, și satul Valea Unghiului, din județul Prahova, unde pe străzi, nu e nimeni. Nici nu prea mai are cine să fie. Dacă la sfârșitul secolului al XIX-lea aici erau 320 de oameni, în 2022 mai locuiau 79. Statul român, eșec lamentabil în atragerea de bani europeni pentru cele mai poluate județe (PressOne) România are la dispoziție 2,13 miliarde de euro, fonduri nerambursabile de la Uniunea Europeană, prin Programul Național Tranziție Justă (2021–2027), pentru înverzirea a șase județe: Gorj, Hunedoara, Dolj, Galați, Prahova și Mureș, unde funcționează unii dintre cei mai mari poluatori industriali. Potrivit PressOne, la aproape trei ani de la aprobarea programului, România nu a accesat aceste fonduri. Programul este blocat, atrage atenția Eliza Barnea, expertă Bankwatch și membră în Comitetul de Monitorizare care supraveghează implementarea. Printre prioritățile Proiectului Tranziție Justă sunt crearea de locuri de muncă, reconversia profesională, atragerea de investiții verzi, reducerea amprentei de carbon, precum și reducerea impactului social și economic al tranziției către neutralitate climatică. „Statul nu face din sport o prioritate”. David Popovici a tras un nou semnal de alarmă la revenirea din Singapore (Golazo) „Sportul e cel mai bun ambasador al unei țări”. David Popovici (20 de ani) a revenit în România din Singapore, după Campionatele Mondiale de natație la care a reușit să câștige două medalii de aur, la 100m și 200m liber. A fost întâmpinat cu aplauze din partea celor prezenți și a primit și un buchet de flori. Golazo a consemnat declarațiile înotătorului. „Una dintre dorințele mele este să încerc să ajut să se realizeze ceva”. „Bazinul din Complexul «Lia Manoliu» trebuie renovat. Am vorbit despre asta când? Acum un an, după Jocurile Olimpice de la Paris, când am avut multe camere în față și o s-o fac din nou”.
En nuestro episodio octogésimo, en el que todo comienza con escarabajos, nos hemos ganado el derecho (y el deber) de hacer lo que nos da la santa gana. Por eso en este episodio nos hacemos preguntas lectoras según se nos ocurren y cuando respondemos seguro que se nos olvida la mitad. Cuando nos escuches, seguro que tienes tus propias respuestas. En todo caso, abre el podcast al entrar y cierra el libro al salir.Libros que se citan en el episodio (por orden de aparición, como en las pelis):La península de las casa vacías, David Uclés.Luciérnaga, Natalia Litvinova.Un marido de ida y vuelta, Jardiel Poncela.Un espíritu burlón, Noël Coward.La metamorfosis, Franz Kafka.La geometría de los cuentos, Isabel González.Los escarabajos vuelan al atardecer, Maria Gripe.Mi planta de naranja lima, José Mauro de Vasconcelos.Stoner, John Williams.Homer y Langley, E.L. Doctorow.Mi tío Oswald, Roald Dahl.Sin noticias de Gurb, Eduardo Mendoza.Wilt, Tom Sharpe.El bastardo recalcitrante, Tom Sharpe.La Odisea, Homero.Érase de una vez, Ana Vidal Pérez de la Ossa.La piel fría, Albert Sánchez Piñol.Cuentos de Isabel González, Daniel Monedero, Óscar Sipán, Patricia Esteban, Carlos Frontera, Andrés Ortiz Tafur.Tres días de junio, Anne Tyler.La rueda celestial, Ursula K. Le Guin.No voy a ninguna parte, Rumena BuzarovskaCien años de soledad, Gabriel García Márquez.La broma infinita, David Foster Wallace.2666, Roberto Bolaño.Comedias, William Shakespeare.Creía que mi padre era dios, Paul Auster.Casting Lear, Andrea Jiménez.Anhelo de raíces, May Sarton.Manual de teoría y práctica teatral, José Luis Alonso de Santos.Puedes comprar los libros de los que te hablamos donde te apetezca, pero nosotros te sugerimos que lo hagas a través de una pequeña librería y que te dejes aconsejar por los libreros.La sintonía del programa es de Charles Matuschewski y el logo del programa de Ana Nuria Corral. Las cortinillas animadas son de Jara Vicente. La traducción sincronizada de Elvira BarrioCualquier sugerencia o crítica, incluso malintencionada, la podéis enviar a hola@cierraellibroalsalir.com. Búscanos en facebook (sobre todo), o en twitter o en bluesky o en instagram o en youtube, prometemos contestar lo antes posible.Esto es todo por hoy. Dentro de un mes, otro episodio.¡No te olvides! Cierra el libro al salir.#libros #literatura #cuentos
VISITÁ NUESTRA PÁGINA: https://www.historiaenpodcast.com.ar/ A comienzos del siglo XIX, en plena Revolución Industrial, Inglaterra se llenó de humo, máquinas y fábricas. La tecnología prometía progreso, pero para los obreros significó hambre, explotación y despidos. Entonces aparecieron ellos: los Luditas. Trabajadores que, liderados por la figura casi mítica de Ned Ludd, comenzaron a destruir telares mecánicos y máquinas de hilado. Creían que esas “máquinas malditas” les robaban el trabajo y la dignidad. Pero no era solo violencia: era un grito de resistencia contra un sistema que cambiaba demasiado rápido. Y aunque fueron derrotados, su nombre quedó grabado. Te invito a conocer su historia... Learn more about your ad choices. Visit megaphone.fm/adchoices
1. Episode OverviewMatty A. shares a remarkable story: purchasing a mobile home park for less than $10,000 and structuring it so that he potentially pays zero income taxes. Discover how depreciation, cost segregation, and smart deal mechanics transformed a small investment into a powerful income generator with minimal tax impact.2. The Deal BreakdownAcquired a micro-sized mobile home park—priced below $10K—with either land ownership or long-term lease structure.Generates consistent lot‑rent revenue, with tenants responsible for their own homes and maintenance.3. Zero Taxes: How It's DoneAccelerated Depreciation: Infrastructure and personal property assets are front‑loaded into early years.Cost Segregation: Breaking down components into shorter depreciation classes (e.g., utilities, fences, signage) allows for significant early tax deductions.Paper Losses: These deductions offset any operational income, effectively wiping out taxable profit in early years.4. Why Mobile Home Parks Deliver High ValueUltra‑Low Entry Cost: CRE access at micro price points.Recession‑Resistant Cash Flow: Stable lots income with minimal landlord capital needs.Scalability: Bulk acquisitions or infrastructure improvements can quickly compound property value and income while still benefiting from depreciation.5. Key InsightsEven ultra-low‑cost CRE deals can outperform larger investments when structured correctly.Smart tax planning—like cost segregation—can turn small passive income into tax‑free cash.Mobile home parks provide a powerful wealth vehicle for investors seeking cash flow, tax efficiency, and scalability.6. Action Steps for InvestorsLocate small mobile home parks available via distressed sales or creative financing.Engage a tax professional to prepare a cost segregation study.Add depreciable infrastructure to maximize early deductions.Plan for tax filings that leverage paper losses to reduce taxable income.Stay compliant with reporting norms and cash transaction thresholds.Final TakeawayThis episode reveals how a tiny CRE acquisition—under $10,000—can become a tax-sheltered income engine. Mobile home parks may be small, but with the right structure and mindset, they can deliver outsized returns and hidden power.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text "XRAY" to 844-447-1555
Liberation Day Part 2 has come and gone, and the U.S. has more clarity on the global trade landscape.Some of the levies will have CRE breathing easier, but some — including the 35% rate on Canada, a hugely important market for construction material imports — might be worse than the industry feared. Already, tariffs have driven construction costs up anywhere from 6% to 10%.But at least some of the uncertainty has been chipped away. How will CRE react?Cushman & Wakefield Senior Economist James Bohnaker said he expects deals to start moving forward again, though in a slow slog, not a rush. But with the U.S. is in an unprecedented macroeconomic environment, scenario planning by CRE investors is crucial.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.
Andrea Pinheiro é presidente da Fundação Bienal de São Paulo e conselheira do MASP, da Vivo e do Fundo Garantidor de Crédito (FGC). Com mais de 30 anos de atuação no mercado financeiro, soma experiências em funções de governança, cargos de alta gerência e liderança de equipes. Foi sócia-fundadora do BR Partners, um dos principais bancos de investimento independentes do Brasil, onde respondeu por toda a gestão operacional, além de participar do Conselho de Administração e de comitês executivos. Anteriormente, foi diretora do Banco BMC, tendo conduzido sua transformação em uma instituição de nicho, com atuação especializada em crédito consignado, segmento no qual se destacou entre os líderes. Ainda no BMC, comandou seu processo de venda ao Bradesco, em 2007. Possui graduação e MBA em Administração de Empresas, esse último cursado na Universidade de Nova York, e especialização em Governança Corporativa pela Wharton School. Antes de ser eleita presidente da Fundação Bienal, Andrea Pinheiro havia atuado em sua diretoria entre 2019 e 2022.See omnystudio.com/listener for privacy information.
Willy sat down with Michael Levy, CEO of Crow Holdings, a Dallas-based real estate investment and development firm with over $33 billion in assets under management. They discussed Michael's broad macro view of the CRE market, opportunities he's seeing across the asset classes, secular trends shaping the industry, opportunities in private credit, as well as his career journey, managing through the financial crisis, and leadership lessons learned along the way. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. Recorded live at the Southwestern Ontario Real Estate Forum, in this episode of the Commercial Real Estate Podcast, Aaron Cameron and Adam Powadiuk chat with Ted Davis, COO at Avison Young, about the evolving landscape of Canadian commercial real estate. Ted shares insights on... The post Navigating Cycles, Price Discovery & Future Growth with Ted Davis, COO of Avison Young appeared first on Commercial Real Estate Podcast.
CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax
Proptech is evolving, albeit at different speeds across sectors. KBW's Ryan Tomasello joins our hosts, Omar Eltorai and Cole Perry, to explore how data access, market consolidation, and the drive toward vertical integration are shaping both residential and commercial real estate technology stacks. From digital mortgage platforms and MLS disruption to CRE's fragmented data landscape, get an informed view at where real estate technology stands today, and where it's headed. Key Moments:01:30 Overview of KBW and market perception04:00 Trends in real estate technology06:50 Mergers, acquisitions, and funding trends08:45 Macro trends affecting real estate tech17:29 Commercial real estate technology25:28 The future of MLS and residential real estate30:26 The rise and fall of iBuying Resources Mentioned:Ryan Tomasello: https://www.linkedin.com/in/ryantomasello/KBW: https://www.kbw.com/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property
Architect Marilyn Moedinger shares her unique journey from construction worker to real estate owner-operator, revealing insider insights on development processes.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode of The Crexi Podcast, host Shanti Ryle speaks with Marilyn Moedinger about her diverse career in commercial real estate. Marilyn shares her journey from childhood inspirations to becoming an architect, real estate owner, operator, former contractor, and professor. She discusses her hands-on experiences in construction and architecture, the value architects bring to development teams, and the importance of curiosity and continuous learning in the industry. The conversation also delves into leveraging social media for networking and knowledge sharing, particularly through platforms like Twitter, and underscores the importance of maintaining a balance between academic learning and practical field experience. Meet Marilyn Moedinger: Architect and InnovatorMarilyn's Early Passion for ArchitectureFrom Architecture School to Real-World ConstructionNavigating the Construction IndustryTransitioning Back to ArchitectureThe Importance of Relationships in Real EstateArchitects as Developers: Challenges and InsightsThe Value of Architects in Development ProjectsTechnology in Architecture and Real EstateHelping Clients Make DecisionsLeveraging Old School Measurement TechniquesFinding and Funding DealsThe Importance of Constant Market ObservationLeveraging Social Media for BusinessThe Value of Sharing Knowledge OnlineThe Future of Real Estate EducationRapid Fire Questions and Fun StoriesConclusion and Final Thoughts About Marilyn Moedinger:Marilyn Moedinger is an Architect, real estate owner/operator, former contractor, and sometimes professor. She has her own practice, Runcible Studios, which has offices in Lancaster, PA and Boston, MA, specializing in high end custom residential work and complex renovations, multifamily and mixed use for developers, and specialized commercial/industrial work. She also consults with clients nationwide on design, construction, real estate, and strategy. Marilyn has been an adjunct professor, teaching everything from design to building science to theory, and continues her education work these days largely through her newsletter and social media. She is passionate about understanding and participating in all aspects of a building's life. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/ https://www.crexi.com/instagram https://www.crexi.com/facebook https://www.crexi.com/twitter https://www.crexi.com/linkedin https://www.youtube.com/crexi
What do you get when you combine $5B+ in deals, a Columbia classroom, and 20 years under CRE legend Bob Knakal?You get James Nelson.In this episode, Bo and Timmy sit down with the host of The Insider's Edge to talk:
1. Episode OverviewMatty A. explores how blockchain technology is revolutionizing real estate, driving efficiency, accessibility, and liquidity. Discover why tokenization, smart contracts, and decentralized ledgers aren't just hype—but powerful tools reshaping CRE by 2025 and beyond.2. Blockchain in Today's Real Estate MarketBlockchain is being adopted practically to simplify transaction processes, cut paperwork, and eliminate intermediaries like notaries and escrow agents.Smart contracts automate title transfers, escrow, and compliance checks—turning multi-week closings into near-instant execution.3. Tokenization: Fractional Ownership & LiquidityBy converting property ownership into digital tokens, real estate becomes tradable and divisible, opening access to a broader investor base.Deloitte forecasts widespread growth—from ~$0.3 T in 2024 to $4 T tokenized by 2035, covering private funds, loans, and undeveloped land.As of mid‑2025, the global tokenized real estate market is valued at $10–15 billion, backed by major projects in Dubai, Aspen, and pilot programs worldwide.4. Benefits & ChallengesBenefits:Enhanced liquidity via secondary trading platformsLower entry barriers—fractional ownership allows small capital investorsImproved transparency and security as immutable ledgers store ownership and transaction historyChallenges:Regulatory frameworks are still evolving; tokens are often treated as securitiesLiquidity for tokenized assets remains inconsistent—some markets see limited trading volume5. Real-World Use CasesAspen St. Regis Resort became a trailblazer by tokenizing real CRE shares on Ethereum in 2018.Dubai developer DAMAC plans to tokenize over $1 billion in properties through MANTRA blockchain—a push in global adoption.Saudi Arabia's Rafal Real Estate is piloting fractional real estate tokens with as little as 1 riyal, democratizing investment.6. Outlook: What's NextThe tokenized real estate market is projected to reach $3–4 T by 2030–35, fueled by expanding asset class inclusion.Blockchain platforms from PropTech to DeFi are integrating real estate tokens, enabling 24/7 trading, seamless international deals, and cross-border investment flows7. Takeaways for InvestorsExplore tokenization pilots—find ways to fractionalize or invest in tokenized CRE assets early.Assess token platform maturity and regulations—focus on legal compliance, liquidity mechanisms, and smart-contract reliability.Position for long-term shifts—blockchain is more than a trend; it's becoming foundational infrastructure for CRE investing.Tune in to uncover why blockchain isn't just affecting cryptocurrency—but redefining how we buy, sell, own—and even think about real estate for the digital age.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text "XRAY" to 844-447-1555
The rise of AI is pushing data centers to their limits. Calls for bigger, denser facilities are increasing and tenant power requirements are doubling in many markets.It's still not enough to meet the needs of today's market or tomorrow's users.On this episode, Bisnow National Data Center Reporter Dan Rabb said keeping the momentum of the data center boom is all about finding power. And while possible solutions abound — microgrids and nuclear among them — being provided today aren't going to come through fast enough.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.
In this week's show we spotlight the 2025 C5 + CCIM Global Summit, scheduled for September 16–18 in Chicago. This premier three‑day commercial real estate conference—co‑hosted by the National Association of REALTORS® and the CCIM Institute—brings together investors, brokers, developers, economic leaders, and CCIM designees for deal‑driven networking, high‑impact panel discussions, and immersive field experiences. With programming spanning AI‑powered proptech insights, global investment strategies, sector‑specific market outlooks, and live deal rooms, attendees can expect to engage directly with the big thinkers shaping CRE's future. C5 + CCIM Global Summit 2025 - The premiere commercial real estate conference for networking, dealmaking, and investment opportunities, September 16-18th in Chicago: https://c5summit.realestate/ Bull Realty - Customized Asset & Occupancy Solutions: https://www.bullrealty.com/ Commercial Agent Success Strategies - The ultimate commercial broker training resource: https://www.commercialagentsuccess.com/ Watch the video versions of our show on YouTube! https://www.youtube.com/c/Commercialrealestateshow
Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. Recorded live at the Toronto Land Development Forum, in this episode of the Commercial Real Estate Podcast, Aaron Cameron and Adam Powadiuk welcome Ben Rogowski, COO at Canderel Group, for an honest look at the turbulent landscape of Canadian condo development. Rogowski unpacks why... The post From Condos to Rentals: Adapting Real Estate Strategies with Ben Rogowski, COO at Canderel Group appeared first on Commercial Real Estate Podcast.
CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax
Despite elevated distress levels and refinancing risks, investor appetite for CMBS and CRE-CLOs remained strong through the first half of 2025. Andrew Foster, Senior Director of Business Development at KBRA, talks to us about what's happening in the US CRE securitization market, and covers a wide range of topics from CMBS issuance trends to sector performance and the rise of private credit. For lenders and borrowers navigating today's capital markets, Andrew offers practical insights into what's changing, why it matters, and how to prepare for the quarters ahead. Key Moments:02:02 Understanding KBRA and Andrew's role03:45 Current market trends and issuance06:40 Investor appetite and market dynamics08:41 Private capital and non-bank lending10:52 Regulatory and policy changes15:07 Future outlook and optimism in CRE finance17:42 Data centers and AI in CRE financing21:11 The importance of CMBS22:31 Diversity in CRE leadership23:23 Closing remarks and follow-up Resources Mentioned:Andrew Foster: https://www.linkedin.com/in/andrew-foster-cmbs/KBRA: https://www.kbra.com/Real Estate Issues: https://cre.org/real-estate-issues/Email us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property
Cory Zelnik, Founder of Zelnik & Co., shares insights on retail leasing, relationship-building, and tech's role in navigating New York's evolving commercial real estate market.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Shanti Ryle, Director of Content Marketing at Crexi, sits down with Cory as he shares his journey into commercial real estate, highlighting the importance of relationships, the unique challenges of the New York retail market, and the evolution of tenant negotiations. He discusses the role of technology and social media in modern real estate practices and offers insights into building long-term client relationships. The conversation also touches on the future of data sharing in the industry and the significance of authenticity in social media engagement.Introduction to Commercial Real EstateCory Zelnick's Journey into Real EstateEarly Successes and Lessons LearnedNavigating Financial RealitiesBuilding Long-Term RelationshipsProspecting and Networking StrategiesReflections on Career GrowthThe Unique Retail Landscape of New YorkTenant Needs and Market DynamicsFast-Paced Deal ExecutionNegotiation Strategies for LandlordsMarket Shifts and Tenant ConcessionsSupporting Mom-and-Pop RetailersFacilitating Successful NegotiationsMaintaining Deal MomentumChallenges in Leasing DataThe Role of Relationships in Data GatheringThe Future of Information SharingLeveraging Social Media for BusinessBalancing Authenticity and Business Needs About Cory Zelnik:A veteran real estate broker and Founder/CEO of Zelnik & Company, Cory Zelnik has launched, crafted, and packaged some of the largest corporate real estate expansions on the east coast. From working with banking and investment staple JPMorgan Chase and food service giants Panda Express, Smashburger, Lenwich and Dunkin Donuts, Cory has presided over and specialized in the retail needs of prominent property owners and institutions along with some of the top national retailers for more than three decades. With his independent real estate firm and team, Cory continues to solidify his name as a brand with preparedness, discipline, and integrity.Cory prides himself on loyalty, respect, and trust, with a focus on retail space, and the value it adds to a property economically. Cory recognizes that the real estate market in the tri-state area is constantly evolving, thus so is he. His track record has mirrored the upward swing of the real estate business; growing, building, and maintaining its structure and polish since the late 1980's. In a quickly transforming world, Zelnik & Company happily pivots in the direction of change; social media. Cory (@coryzelnik) along with his company account @zelnikco, have made great strides in entering and engaging in the social media world. Zelnik & Company understands that properly utilizing social media platforms not only boosts one's own brand but also increases the opportunities for their clients as well.Cory is a Graduate of University of Maryland and a member of ICSC. Cory is also the host of The Zelnik Exchange, a NYC-based podcast with a pulse on the nation's top retail trends. He resides in Manhattan with his wife Jessica, daughter Bailey and stepson Maxx. When Cory is not running his business, his passions include running the streets of NYC and raising money for ALS, The University of Maryland and the New York Knicks. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi's blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/ https://www.crexi.com/instagram https://www.crexi.com/facebook https://www.crexi.com/twitter https://www.crexi.com/linkedin https://www.youtube.com/crexi
A Mild Ending, A Fresh Start: Richard Barkham's Post-CBRE View of the CRE Market The End of a Cycle - Without the Crash After 40 years in the field and a distinguished final act as Global Chief Economist at CBRE, Richard Barkham's take on the state of commercial real estate is disarmingly calm. “This has been the mildest end of cycle that we've seen in 40 years – in fact, in my whole career,” he says. Unlike previous downturns - 1989, 2000, 2008 - which were accompanied by macroeconomic crises, today's cycle-end feels strangely undramatic. Vacancy rates have risen, prices have declined 25-30%, and capital markets activity has bottomed out, but there's been no systemic financial collapse. Why? In Barkham's view, the macro cycle hasn't ended. “We've got the end of a real estate cycle, but no end of the macro cycle.” Yet. This divergence - CRE in a correction, the economy still growing - frames his optimistic outlook for real estate. Stimulus, Not Stability The recent U.S. tax bill has added short-term fuel to the macro picture. Barkham describes it as a “stimulatory” package: it injects fiscal stimulus into an already resilient economy, even if the longer-term consequences include rising national debt and pressure on Treasury yields. "There's a degree of stimulus in that bill… which will allow a certain amount of certainty, confidence and stimulus to boost growth.” But not all stimulus is equal. Barkham worries that “the higher the debt-to-GDP ratio goes, the more upward pressure there is on the ten-year Treasury,” which forms the basis for CRE pricing. He sees an elevated 10-year yield, anchored in the 4–4.5% range, as a likely headwind for valuations, particularly for highly levered deals. Still, he believes the U.S. economy can absorb this, at least for now. “The U.S. isn't going to fall over,” he says. “The tax bill will boost growth, but it will also keep the ten-year Treasury elevated.” Banks Are Lending Cautiously Contrary to headlines about a $950 billion wall of maturities and doom-laden refinancing cliffs, Barkham is sanguine about debt markets. He credits both the structural health of CRE and the Fed's deft handling of last year's banking turbulence. “Banks have been very, very unwilling to take loans back,” he explains. “Where assets can still service loans, banks have been willing to extend… There might have been some cash in refinancing, but the wall of debt is a non-issue, frankly.” Even deregulation in the new tax bill could loosen credit conditions further. Barkham predicts larger banks will expand their share of real estate lending as capital requirements ease. “That just broadens the source of debt, which is good for market liquidity,” he says. The Start of a New Real Estate Cycle While macro conditions may be mid-to-late cycle, CRE is in Barkham's view at the start of a new cycle. The real estate cycle that began in 2014 has ended, and signs of early recovery - vacancy stabilization, limited new construction, and a flight to quality - are evident. “You've got all the inventory from the last cycle… people are moving into newer, better assets,” he says. “Eventually, when that runs out, new development resumes. But we're not there yet.” He sees real estate as “very investable right now,” particularly for those concerned about inflation. “If we are in a higher inflation environment - with the stimulus, with the pressure on the Fed politically to bring down interest rates - then I think it's a good time to invest in real estate.” Inflation, Interest Rates, and the Fed's Delicate Dance Barkham's macroeconomic outlook is nuanced. While he acknowledges the Fed may eventually ease, trade tariffs and domestic manufacturing policies could delay rate cuts by adding inflationary pressure. “It'll take a while for the Fed to make sure tariffs don't feed into second and third round inflation,” he notes. He pays special attention to real interest rates - the difference between nominal rates and inflation expectations - as a signal of latent financial stress. If inflation surprises to the downside, as it has recently, real rates rise and that can squeeze assets across the economy. But he tempers this with perspective. “Real estate tends to do quite well over the long term. Not necessarily in the six- or 12-month period, but over time.” Sectors to Watch: Healthcare, Digital, and Travel Demographics and technology shape Barkham's long-term sector views. He sees aging as a structural tailwind but cautions against oversimplifying it. The boomer generation, now in their 60s and early 70s, are not just healthcare consumers, they're also travelers. “Those are prime-age travelers,” he notes. “If you're looking for sectors that are going to benefit from boomer retirement, look at travel… everything from Airbnb to different hotel types.” Healthcare and digital economy trends also feature prominently. He encourages investors to monitor how people are working, living, and consuming services. Hybrid work and digital delivery models are reshaping occupier demand and investors must follow these patterns, not just macro charts. Final Advice: Keep Leverage Low, Go Prime For those looking to deploy capital now, Barkham's advice is clear and grounded: “Keep your debt low. Focus on prime grade assets. Invest in the sectors that have the tailwinds of demographics and technology.” The key is to remain alert to tenant exposure and the consumer's vulnerability in any upcoming recession. “Just watch the sensitivity of your real estate to a consumer downturn,” he warns. With policy uncertainty, an aging population, and structural change across industries, Barkham offers a final reminder: real estate is both cyclical and structural. The best strategies pay attention to both. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000
100% bonus depreciation is back—and it's permanent.In this episode, CPA and fan-favorite Kevin Bassett returns to break down the tax bill shaking up the commercial real estate world.From massive tax write-offs for CRE pros and investors, to bonus depreciation on entire manufacturing buildings, to the new wave of opportunity zones—this is everything you need to know to protect your margins and maximize your returns.Plus:What brokers and syndicators should do immediatelyWhy the IRS owes cost segregation companies a bottle of champagneThe surprising end to electric vehicle creditsAnd yes, a plea to Barbara Corcoran to join usWhether you're a CRE broker, investor, or just someone who enjoys watching tax legislation get absolutely roasted, this episode is for you.
In this inspiring episode of the CRE with CBC Worldwide Podcast – Women of Coldwell Banker Commercial Edition, host Jenna Hille sits down with Leslie Biskner, a seasoned commercial real estate lender and advisor. Leslie shares her dynamic journey into the world of commercial real estate, her pursuit of the prestigious CCIM designation, and the pivotal role mentorship has played in her career. Listeners will gain expert insights into: Navigating the evolving landscape of commercial real estate lending Building strong relationships with lenders Understanding tightening lending parameters and exploring creative financing strategies Empowering women in CRE through collaboration and support Whether you're a CRE professional, aspiring investor, or advocate for women in business, this episode offers valuable takeaways on leadership, resilience, and innovation in the industry.
Keith highlights the decline in college town real estate due to demographic changes and reduced international student enrollment. The national housing market is moving towards balance, with 4.6 months of resale supply and 9.8 months of new build supply. Commercial real expert and fellow podcast host, Hannah Hammond, joins Keith to discuss how the state of the real estate market is facing a $1 trillion debt reset in 2025, potentially causing distress and foreclosures, particularly in the Sun Belt states. Resources: Follow Hannah on Instagram Show Notes: GetRichEducation.com/563 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, are college towns doomed. There's a noticeably higher supply of real estate on the market. Today is get rich education. America's number one real estate investing show. Then how much worse will the Apartment Building Loan implosions get today? On get rich education. Speaker 1 0:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:28 Welcome to GRE from Orchard Park, New York to port orchard, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. How most people set up their life is that they have a job or an income producing activity, and they put that first, then they try to build whatever life they have left around that job. Instead, you are in control of your life when you first ask yourself, what kind of lifestyle Am I trying to build? And then you determine your job based on that. That is lifestyle design, and that is financial freedom, most people, including me, at one time. And probably you get that wrong and put the job first. And then we need to reverse it once you realize that, you discover that you found yourself so far out of position that you try to find your way back by putting your own freedom, autonomy and free agency first. There you are lying on the ground, supine, feeling overwhelmed, asking yourself why you didn't put yourself first. Then what I'm helping you do here is get up and change that by moving your active income over to relatively passive income, and doing it through the most generationally proven vehicle of them all, real estate investing for income. We are not talking about a strategy that didn't exist three years ago and won't exist three years from now. It is proven over time, and there's nothing avant garde or esoteric here, and you can find yourself in a financially free position within five years of starting to gradually shift that active income over to passive income. Keith Weinhold 3:29 Now, when it comes to today's era of long term real estate investing, we are in the midst of a real estate market that I would describe as slow and flat. Both home price appreciation and rent growth are slow. Overall real estate sales volume is still suppressed. It that sales volume had its recent peak of six and a half million homes moved in 2021 which was a wild market, it was too brisk and annual sales volume is down to just 4 million. Today, more inventory is accumulating, which is both a good news and a bad news story. I'm going to get to this state of the overall market shortly. First, let's discuss real estate market niches, a particular niche, because two weeks ago, I discussed the short term rental arms race. Last week, beach towns and this week, in the third of three installments of real estate market niches are college towns doomed? Does it still make sense to invest in college town real estate? Perhaps a year ago on the show, you'll remember that I informed you that a college closes every single week in the United States. Gosh, universities face an increasingly tough demographic backdrop ahead. We know more and more people get a free education. Education online. Up until now, universities have tapped a growing high school age population in this seemingly bottomless well of international students wanting to study in the US. But America's largest ever birth cohort, which was 4.3 million in 2007 is now waning. Yeah, that's how many Americans were born in 2007 and that was the all time record birth year. Well, all those people turn 18 years old this year. This, therefore, is an unavoidable decline in the pool of potential incoming college freshmen from the United States. And on top of that, the real potential of fewer international students coming to the US to study adds to the concern for colleges. This is due to the effects and the wishes of the Trump administration. It already feels like a depression in some college towns now among metro areas that are especially reliant on higher education, three quarters of them suffered weaker economic growth over the past 12 years than the US has as a whole. That's according to a study at Brookings Metro. They're a non profit think tank in DC, all right, and in the prior decade, all right, previous to that, most of those same metros grew faster than the nation did. If this was really interesting, a recent Wall Street Journal article focused on Western Illinois University in McComb Illinois as being symbolic of this trend, where an empty dorm that once held 800 students has now been converted to a police training ground, it's totally different, where there are active shooter drills and all this overturned furniture rubber tipped bullets and paintball casings, you've got to repurpose some of these old dorms. Nearby dorms have been flattened and they're now weedy fields. Two more dorms are set to close this summer. Frat houses and homes once filled with student renters are now empty lots city streets used to be so crowded during the semester that cars moved at a crawl. That's not happening anymore. It's almost like you're watching the town die, said a resident who was born in Macomb and worked 28 years for the Western Illinois Campus Police Department. Macomb, Illinois is at the heart of a new rust belt across the US colleges are faltering, and so are the once booming towns and economies around them. Enrollment is down at a lot of the nation's public colleges and universities starting next year due to demographics like I mentioned, there will be fewer high school graduates for the foreseeable future, and the fallout extends to downtown McComb. It's punishing local businesses. There's this multiplier effect that's diminishing. It's not multiplying for generations. Colleges around the US fueled local economies, created jobs and brought in students and their visiting families to shop and spend and growing student enrollment fattened school budgets, and that used to free universities from having to worry about inefficiencies or cutting costs. But the student boom has ended, and college towns are suffering. And what are some of the other reasons for these doomed college towns? Well, first, a lot of Americans stopped having babies after the global financial crisis, you've got a strong dollar and an anti foreigner administration that's likely to push international student numbers down on top of this, and then, thirdly, US students are more skeptical of incurring these large amounts of debt for college and then, universities have been increasing administrative costs and tuition above the rate of inflation, and they've been doing that for decades. Tuition and operating costs are detached from reality, and in some places, student housing is still being built like the gravy train is not going to end. I don't see how this ends well for many of these universities or for student housing, so you've really got to think deeply about investing in college town housing anymore. Where I went to college, in Pennsylvania, that university is still open, but their enrollment numbers are down, and they've already closed and consolidated a number of their outlying branch campuses. Now it's important notice that I'm focused on college towns, okay, I'm talking about generally, these small. Smaller, outlying places that are highly dependent on colleges for their vibrancy. By the way, Pennsylvania has a ton of them, all these little colleges, where it seems like every highway exit has the name of some university on it. That is starting to change now. Keith Weinhold 10:21 Conversely, take a big city like Philadelphia that has a ton of colleges, Temple University, Penn, which is the Ivy League school, St Joseph's, Drexel LaSalle, Bryn Mawr, Thomas Jefferson, Villanova. All these colleges are in the Philly Metro, and some of them are pretty big. Well, you can be better off investing in a Philly because Philly is huge, 6 million people in the metro, and there's plenty of other activity there that can absorb any decline in college enrollment. So understand it's the smaller college town that's in big trouble. And I do like to answer the question directly, are college towns doomed? Yes, some are. And perhaps a better overall answer than saying that college towns are doomed, is college towns have peaked. They've hit their peak and are going down. Keith Weinhold 11:23 Let's talk about the direction of the overall housing market now, including some lessons where, even if you're listening 10 years from now, you're going to gain some key learning. So we look at the national housing market. There is finally some buyer selection again, resale housing supply is growing. I'm talking overall now, not about the college towns. Back in 2022, nearly every major metro could be considered not just a seller's market, but a strong seller's market. And it was too much. It was wild. Three years ago, buyers had to, oftentimes offer more than the asking price, pay all cash. Buyers had to waive contingencies, forgo inspections, and they had to compete with dozens of bidders. I mean, even if you got a home inspection, you pray that the home inspector didn't find anything worse than like charming vintage wiring, because you might have been afraid to ask for some repairs of the seller, and that's because the market was so hot and competitive that you might lose the deal. Fast forward to today, and fewer markets Hold that strong seller's market status. More metros have adequate inventory. And if you're one of our newsletter subscribers, you saw that last week, I sent you a great set of maps that show this. As you probably know, six months of housing supply is deemed as the balance point between buyers and sellers over six months favors buyers under six favors sellers. All right, so let's see where we are now. And by the way, months of housing supply, that phrase is also known as the absorption rate nationally, 4.6 months of resale supply exists. That's the current level, 4.6 months per the NAR now it bottomed out at a frighteningly low one and a half months of supply back in 2022 and it peaked at 12 full months of supply during the global financial crisis, back in 2010 All right, so these are the amounts of resale housing supply available for sale, and we overbuilt homes back in the global financial crisis, everyday people owned multiple homes 15 years ago because virtually anyone could qualify for a loan with those irresponsible lending standards that existed back in that era. I mean, back then, buyers defaulted on payments and walked away from homes and because they had zero down payment in the home. Well, they had zero skin in the game to protect and again, that peaked at 12 months of supply. Now today, Texas and Florida have temporarily overbuilt pockets that are higher than this 4.6 month national number and of course, we have a lot of markets in the Northeast and Midwest that have less than this supply. But note that 4.6 months is still under six months of supply, still favoring sellers just a little, but today's 4.6 months. I mean, that's getting pretty close to historic norms, close to balance. All right, so where is the best buyer opportunity today? Well, understand that. So far, have you picked up on. This we've looked at existing housing supply levels here, also known as resale homes. The opportunity is in new build homes. What's the supply of new construction homes in the US? And understand for perspective that right now, new build homes comprise about 1/3 of the available housing supply. And this might surprise you, we are now up to 9.8 months of new build housing supply, and that's a number that's risen for two years. That's per the Census Bureau and HUD. A lot of builders, therefore, are getting desperate right now, builders have got to sell. The reason that they're willing to cut you a deal is that, see, builders are paying interest costs and maintenance costs every single day on these nice, brand new homes that are just languishing, just sitting there. Understand something builders don't get the benefit of using a home. Unlike the seller family of a resale or existing home, see that family that has a resale home on the market, they get the benefit of living in it while it's on the market. This 9.8 months of new build supply is why buyers are willing to cut you a deal right now, including builders that we work with here at GRE marketplace. Keith Weinhold 16:30 And we're going to talk to a builder on the show next week and get them to tell us how desperate they are. In fact, it's a Florida builder, and we'll learn about the incentives that they're willing to cut you they're building in one of these oversupplied pockets. So bottom line is that overall, an increasing US housing supply should keep home prices moderating. They're currently up just one to 2% nationally, and more supply means better options for you. Hey, let's talk about this very show that you're listening to, the get rich education podcast. What do you like to do while you're listening to the show? In fact, what are you doing right now while you're listening to the show? Well, in a recent Instagram poll, we asked our audience that very question you told us while listening to the show, 50% of you are commuting, 20% are exercising, 20% are at work, and 10% are doing home chores like cleaning or dishes. Now is this show the number one real estate investing podcast in the United States, we asked chatgpt that very question, and here's how they answered. They said, Excellent question. Real estate investing podcasts have exploded over the past 10 to 12 years, but only a handful have true long term staying power. Here's a list of some of the longest running, consistently active real estate investing podcasts that have built serious legacies. And you know something, we are not number one based on those criteria. This show is ranked number two in the nation. Number one are our friends at the real estate guys radio show hosted by Robert Helms. How many times have I recommended that you go ahead and give them a listen? Of course, I'm just freshly coming off spending nine days with them as one of the faculty members on their summit at sea. Their show started in 1997Yes, on actual radio, before podcasts even existed, and chat GPT goes on to say that they're one of the OGS in the space. It focuses on market cycles, investing strategies and wealth building principles known for its international investor perspective and high profile guests like Robert Kiyosaki. All right, that's what it says about that show. And then rank number two is get rich. Education with me started in 2014 and it goes on to say that this is what the show's about. It says it's real estate centric with a macroeconomic and financial freedom philosophy. It focuses on buy and hold investing, inflation, debt strategy and wealth building. Yeah, that's what it says. And I'd say that's about right? And this next thing is interesting. It describes the host of the show, me as communicating with you in a way that's clear, calm and slightly academic. That's what it says. And yeah, you've got to be clear. Today. There's so much competing for your attention that if I'm not clear with you, then I'm not able to help you calm. Okay? I guess I remain calm. And then finally, slightly academic. I. Hadn't thought about that before. Do you think that I'm slightly academic in my delivery? I guess that's possible. It's appropriate for a show with the word education in our name. I guess it makes sense that I'd be slightly academic. So that fits. I wouldn't want to be heavily academic or just academic, because that could get unrelatable. So there's your answer. The number two show in the nation for real estate investing. Keith Weinhold 20:29 How are things going with your rental properties? Anyway, I had something interesting happen to me here these past few months. Now I have a property manager in one market that manages quite a few of my properties, all these single family homes and I had five perfect months consecutively as a real estate investor. A perfect month means when you have 100% occupancy, 100% rent collection, and zero maintenance or repair costs. Well, this condition went on for five months with every property that they managed. For me, which is great, profitable news, but that's so unusual to have a streak like that, it kind of makes you wonder if something's going wrong. But the streak just ended. Finally, there was a $400 expense on one of these single family homes. Well, this morning, the manager emailed me about something else. One of my tenants leases expires at the end of next month. I mean, that's typical. This is happening all the time with some property, but they suggested raising the rent from $1,700 up to 1725, and I rarely object to what the property manager suggests. I mean, after all, they are the expert in that local market. That's only about a one and a half percent rent increase, kind of slow there. But again, we're in this era where neither home price growth nor rent growth have been exceptional. Keith Weinhold 22:02 I am in upstate Pennsylvania today. This is where I'm from. I'm here for my high school class reunion. And, you know, it's funny, the most interesting people to talk to are usually the people that have moved away from this tiny town in Appalachia, counter sport, Pennsylvania, it's not the classmates that stayed and stuck around there in general are less interesting. And yes, this means I am sleeping in my parents home all week. I know I've shared with you before that Curt and Penny Weinhold have lived in the same home and have had the same phone number since 1974 and I sleep in the same bedroom that I've slept in since I was an infant every time that I visit them. Kind of heartwarming. In a few days, I'm going to do a tour of America's first and oldest pretzel bakery in Lititz, Pennsylvania with my aunts and uncles to review what you've learned so far today, put your life first and then build your income producing activity around that. Many college towns are demographically doomed, and even more, have peaked and are on their way down. Overall American residential real estate supply is up. We're now closer to a balanced market than a seller's market. We've discussed the distress in the five plus unit apartment building space owners and syndicators started having their deals blow up, beginning in 2022 when interest rates spiked on those short term and balloon loans that are synonymous with apartment buildings. When we talked to Ken McElroy about it a few weeks ago on the show, he said that the pain still is not over for apartment building owners. Keith Weinhold 23:51 coming up next, we'll talk about it from a different side, as I'll interview a commercial real estate lender and get her insights. I'll ask her just how bad it will get. And this guest is rather interesting. She's just 29 years old, really bright and articulate, and she founded her own commercial real estate lending firm. She and I recorded this on a cruise ship while we're on the real estate guys Investor Summit at sea a few weeks ago. So you will hear some background noise, you'll get to meet her next I'm Keith Weinhold. There will only ever be one. Get rich education podcast episode 563 and you're listening to it. Keith Weinhold 24:31 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS 42056, they provided our listeners with more loans than anyone because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com that. Ridge lendinggroup.com, you know what's crazy? Keith Weinhold 25:03 Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866, to learn about freedom family investments, liquidity fund, again, text family to 66866 Caeli Ridge 26:13 this is Ridge lending group's president, Caeli Ridge. Listen to get rich education with key blind holes. And remember, don't quit your Daydream. Keith Weinhold 26:31 Hey, Governor, education nation, Keith Weinhold, here we're on a summit for real estate on a cruise ship, and I'm with Hannah Hammond. She's the founder of HB capital, a commercial real estate lending firm, and the effervescent host of the Hannah Hammond show. Hey, it's great to chat Hannah Hammond 26:48 you too. It's been so great to get to know you on this ship, and it's been a lot of fun, Keith Weinhold 26:51 and we just met at this conference for the first time. Hannah just gave a great, well received presentation on the state of the commercial real estate market. And the most interesting thing, and the thing everyone really wants to know since she lends for five plus unit apartment buildings as well, is about the commercial real estate interest rate resets. Apartment Building values have fallen about 30% nationwide, and that is due to these resetting loans. So tell us about that. Hannah Hammond 27:19 Yeah, so there is a tidal wave of commercial real estate debt coming due in 2025 some of that has already come due, and we've been seeing a lot of the distressed assets start to hit the market in various asset classes, from multifamily, industrial, retail and beyond. And then, as we continue through 2025 more of that title, weight of debt is going to continue to come due, which is estimated to be around $1 trillion of debt. Keith Weinhold 27:44 That's huge. I mean, that is a true tidal wave. So just to pull back really simply, we're talking about maybe an apartment building owner that almost five years ago might have gotten an interest rate at, say, 4% and in today's higher interest rate environment that's due to reset to a higher rate and kill their cash flow and take them out of business. Tell us about that. Hannah Hammond 28:03 Yeah. So a lot of investors got caught up a few years ago when rates were really low, and they bought these assets at very low cap rates, which means very high prices, and they projected, maybe over projected, continuous rent growth, like double digit rent growth, which many markets were seeing a few years back, and that rent growth has actually slowed down tremendously. And so much supply hit the market at the same time, because so much construction was developed a few years back. And so now there's a challenge, because rents have actually dropped. There's an overage of supply. Rates have doubled. You know, people were getting apartment complexes and other assets in the two or 3% interest rate range. Now it's closer to the six to 7% interest rate range, which we all know it just doesn't really make numbers work. Every 1% increase in interest you'd have to have about a 10% drop in value for that monthly payment to be the same. So that's why we're seeing a lot of distress in this market right now, which is bad for the people that are caught up on it, but it's good for those who can have the capital to re enter the market at a lower basis and be able to weather this storm and ride the wave back up Keith Weinhold 29:08 income down, expenses up. Not a very profitable formula. Let's talk more about from this point. How bad can it get? We talked about 1 trillion in loans coming due this calendar year tell us about how bad it might be. Hannah Hammond 29:23 So it's estimated that potentially 25% of that $1 trillion could be in potential distress. And of course, if two $50 billion of commercial real estate hit foreclosure all at the same time, that would be pretty catastrophic, and there would be a massive supply hitting the market, and therefore a massive reduction in property values and prices. And so a lot of lenders have been trying to mitigate the risk of this happening, and all of this distress debt hit the market at one time. And so lenders have been doing loan modifications and loan extensions and the extend and pretend, quote. Has been in play since back in 2025 but a lot of those extensions are coming due. That's why we're feeling a little bit more of a slower bleed in the commercial market. But you know, in the residential market, we're not seeing as much distress, because so many people have those fixed 30 year rates. But in commercial real estate, rates are generally not fixed for that long. They're more they could be floating get or they might only be fixed for five years, and then they've reset. And that's what we're seeing now, is a lot of those assets that were bought within the last five years have those rate caps expiring, and then the rates are jacking it up to six to 7% and the numbers just don't make sense anymore. Keith Weinhold 30:36 That one to four unit space single family homes up fourplexes has stayed relatively stable. We're talking about that distress and the five plus unit multi family apartment space. So Hannah, when we pull back and we look at the lender risk appetite and the propensity to lend and to want to make loans, of course, that environment changes over time. I know that all of us here at the summit, we learn from you in your presentation that that can vary by region in the loan to value ratio and the other terms that they're talking about giving. So tell us about some of the regional variation. Where do people want to lend and where do people want to avoid making loans Hannah Hammond 31:11 Exactly? And we were talking about this is every single region is so different, and there's even micro markets within certain cities and metropolitan areas, and the growth corridors could have a very different outlook and performance than even in the overexposed metro areas. So lenders really pay attention to where the capital is flowing to. And right now, if you look at u haul reports and cell phone data, capital is flowing mostly to the Sun Belt states, and it's leaving the Rust Belt states. So this is your southeast states, your Texas, Florida, Arizona, and these types of regions where a lot of people are leaving some of the Rust Belt states like San Francisco, Chicago, New York, where those markets are being really dragged down by all this office drag from all the default rates in these office buildings that have continued to accumulate post COVID. So the lender appetite is going to shift Market to Market, and they really pay attention to the asset class and also the region in which that asset class is located. And this can affect the LTV, the amount of money that they're going to lend based on the value of the property, also the interest rate and the DSCR ratios, which is how much above the debt coverage the income has to be for the lender to lend on that asset. Keith Weinhold 32:26 So we're talking about lenders more willing to make loans in places where the population is moving to Florida, other markets in the Southeast Texas, Arizona. Is that what we're talking about here. Hannah Hammond 32:37 exactly, and even on the equity side, because we help with equity, like JV equity or CO GP equity, on these development projects or value add projects. And a lot of my equity investors, they're like, Nah, not interested in that state. But if it's in a really good Sunbelt type market, then they have a better appetite to lend in those markets. Keith Weinhold 32:56 Was there any last thing that we should know about the lending environment? Something that impacts the viewers here, maybe something I didn't think about asking you? Hannah Hammond 33:04 I mean, credit is tight, but there's tons of opportunity. Deals are still happening. Cre originations are actually up in 2025 and projected to land quite a bit higher in 2025 at about 660, 5 billion in originations, versus 539 billion in 2024 so the good news is, deals are happening, movements are happening, purchases and sales are happening. And we need movement to have this market continue to be strong and take place, even though, unfortunately, some investors are going to be stuck in that default debt and they might lose on these properties, it's going to give an opportunity for a lot of other investors who have been kind of sitting on the sidelines, saving up capital and aligning their capital to be able to take advantage of these great deals. Because honestly, we all know it's been really hard to make deals pencil over the past few years, and now with some of this reset, it's going to be a little bit easier to make them pencil. Keith Weinhold 33:04 This is great. Loans are leverage, compound leverage, trunks, compound interest, leverage and loans are really key to you making more of yourself. Anna, if someone wants to learn more about following you and what you do, what's the best way for them to do that? Hannah Hammond 33:42 At Hannah B Hammond on Instagram, my show, the Hannah Hammond show, is also on all platforms, YouTube, Instagram, Spotify, Apple, and if you shoot me a follow and a message on Instagram, I will personally respond to and would love to stay connected and help with any questions you have in the commercial real estate market. Keith Weinhold 34:27 Hannah's got a great presence, and she's great in person too. Go ahead and be sure to give her a follow. We'll see you next time. Thank you. Keith Weinhold 34:40 Yeah. Sharp insight from Hannah Hammond, there $1 trillion in commercial real estate debt comes due this year. A quarter of that amount, $250 billion is estimated to be in distress or default. This could keep the values of larger apartment buildings suppressed. Even longer, as far as where today's opportunity is, next week on the show, we'll talk to a home builder in Florida, ground zero for an overbuilt market, and we'll see if we can sense the palpable desperation that they have to move their properties and what kind of deals they're giving buyers. Now until next week, I'm your host, Keith Weinhold, do the right thing before you do things right out there, and don't quit your Daydream. Speaker 3 35:33 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 35:56 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text, gre 266, 866, Keith Weinhold 37:12 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
In this episode of the InsuranceAUM.com Podcast, Stewart Foley sits down with Charlie Rose, Managing Director and Global Head of Debt at Invesco Real Estate, for a comprehensive conversation on the state of real estate credit markets and what insurers need to know right now. With nearly $10 billion in CRE debt AUM and a global mandate, Charlie shares insights on how Invesco is navigating a market still recovering from a historic value correction. He explains the fundamentals of bridge lending, the firm's “credit over yield” approach, and how they integrate equity and credit insights to drive disciplined underwriting. Charlie also compares market dynamics in the U.S. and Europe, highlights where he sees relative value opportunities, and outlines what may lie ahead over the next 12–18 months. The episode closes with a thoughtful take on hiring, diversity, and the traits Invesco values in its team. It's a high-level, yet grounded discussion for institutional investors exploring real estate credit today.
Matty A. retells the ancient Sword of Damocles parable—a cautionary tale about the hidden risks, pressures, and responsibilities that come with power. He draws parallels between this story and today's world of investing and entrepreneurship, where success can feel glamorous but often carries unseen danger over your head.Ancient Story RecapDamocles, a courtier, envies the life of King Dionysius and is offered to switch roles for a day.While enjoying his new status, Damocles discovers a sword hanging by a single hair above his throne—illustrating that prestige often conceals constant peril.He quickly steps down, realizing that what appeared desirable from afar held immense hidden burden.Core LessonsPrestige comes with peril: The more power and success you pursue, the greater the hidden risks you inherit.Appreciation vs. reality: Outsiders see only the shine; insiders bear unrelenting stress and threat.Balanced ambition: True elite success demands awareness and acceptance of continuous pressure, not blind pursuit.Relevance to Investors & EntrepreneursReal estate risks: Each opportunity—whether CRE, syndication deals, or entrepreneurial ventures—hides potential "swords" like financing pitfalls, market shifts, and regulatory hurdles.Leadership burden: Scaling a business or leading teams brings responsibility, scrutiny, and complex decision-making that can feel like a sword hanging overhead.Strategic resilience: Success requires building both mental and financial safeguards—reserve funds, legal structures, and support systems—to withstand those pressures.Tools & Next StepsRisk Audit: Identify your personal and investment-related “swords”—the threats only you can see.Protective Measures: Build buffer systems—insurance, contingencies, advisors—to neutralize risk.Sustainable Success Planning: Create a roadmap that aligns your ambition with your capacity, ensuring growth without collapse.Key TakeawayElite success isn't just about climbing higher—it's about maintaining balance while a metaphorical sword lies overhead. Let the parable of Damocles remind you: True leadership and wealth come not from avoiding pressure, but from preparing to hold your ground under it.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555FREE Financial X-Ray: Text "XRAY" to 844-447-1555
Though a few brave (or crazy) pioneers have dabbled with using crypto in commercial real estate, the industry has mostly sat on the sidelines for years.The reason: not enough regulation, no stability or guardrails.This week, that started to change. The passage of the GENIUS Act to create a framework for stablecoins, plus two other bills making their way through Congress, could lead to a rapid rise of building tokenization, digital transactions and rents paid by bitcoin.On this week's episode, Savills Vice Chairman Gabe Marans said the federal framework will kick off a new era for real estate in which deals are done faster and cheaper. And he doesn't think CRE is ready for it.Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.
Is tokenizing your commercial real estate deal the future, or just a flashy gimmick? In this episode, Matty A. demystifies real estate tokenization, breaking down how digital tokens can transform ownership, liquidity, and investor access. Learn:What it is: Turning property shares into tradable digital tokens on a blockchain.Why it matters: Enables fractional ownership and secondary market trading unlike traditional, illiquid CREWho should consider it: From niche assets to institutional-scale projects—get insight into when tokenization adds real valuePotential pitfalls: Understand the emerging regulatory landscape, platform risks, and liquidity constraints.Matty also highlights cutting-edge examples, like Dubai's $1 billion tokenized assets initiative, and offers practical guidance for CRE investors considering the leap into blockchain.Who It's ForCRE owners exploring new capital-raising methodsInvestors seeking diversified, liquid, fractional real estate exposureAnyone interested in the intersection of real estate and blockchain innovationKey TakeawaysTokenization makes CRE tradable—property can now be bought and sold in small chunks through on-chain exchanges.It opens access to more investors, including global participants with lower minimum capital.But the market is still evolving—regulations, platform maturity, and asset liquidity remain uncertain.Episode Sponsored By:Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!FREE CRE Crash Course: Text “FREE” to 844-447-1555