Podcasts about reit

Robinhood says it wants to be everything to investors—but its fastest-growing attractions look a lot like a casino. Don and Tom examine prediction markets, options, crypto, payment for order flow, and the uneasy fit between fiduciary advice and a brightly lit door to speculation.They explain why gamification and enormous transfer bonuses can be especially dangerous for inexperienced investors. If the goal is long-term wealth rather than entertainment, a boring, diversified custodian still beats a platform built to monetize trading excitement.Then they answer questions about using bonds during a retirement downturn, combining CD ladders with target-date funds, the trap behind eye-popping mortgage REIT dividends, and better ways to give money to grandchildren.1:03 — Robinhood and its merry band of revenue streams3:00 — Vlad Tenev explains the financial supermarket5:36 — A fiduciary office beside a casino door8:28 — Monetizing speculation instead of investing13:14 — Using bonds when retirement begins in a downturn21:06 — CD ladders and target-date funds23:36 — The truth behind 17% REIT dividends27:28 — UTMA, UGMA, 529s, and gifts for grandchildrenQuestions? Comments? Click!

In this episode, Anthony Coniglio, CEO of NewLake Capital Partners, shares insights into the cannabis real estate market, the unique challenges of the industry, and the strategic approach to institutional underwriting and sale leasebacks. Discover how regulatory tailwinds and industry consolidation create opportunities for investors and real estate professionals alike.   Learn More in the Blog Article → https://investorfuel.com/blog/cannabis-real-estate-sale-leaseback/   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Self-storage is one of the most misunderstood asset classes in commercial real estate. Most investors assume it's a simple, low-complexity play. Ryan Gibson built it into a billion-dollar operation by treating it like anything but. As Co-Founder and President of Spartan Investment Group, Ryan has organized over $1 billion in capital across 90 facilities and 7 million square feet in 15 states, ranking Spartan as the 29th largest self-storage operator in the country. In this episode, he breaks down the market selection framework, operational systems, and ancillary revenue strategies that separate serious operators from everyone else in the space. About Ryan Gibson Ryan Gibson is Co-Founder and President of Spartan Investment Group, the 29th largest self-storage operator in the United States. He has organized over $1 billion in capital across 90 facilities and 7 million square feet in 15 states. Before real estate, Ryan was a commercial airline pilot. He applies aviation's checklist-driven, risk-first discipline to every aspect of how Spartan evaluates deals and operates properties. He is also co-host of the Passive Income Pilots podcast. What We Cover in This Episode How aviation checklists and go/no-go decision-making translate directly to real estate underwriting The Swiss cheese model of risk stacking and why deals fail for multiple reasons, never just one How to identify the right moment to set the parking brake and walk away from a deal Why Ryan avoids hyped markets and what he looks for in lesser-known markets instead Specific markets with strong fundamentals: Lincoln NE, Northwest Arkansas, coastal South Carolina, coastal Georgia, and markets near military bases and universities The market structure insight that led Ryan to self-storage: 70% mom-and-pop ownership, 10% REIT, and the aggregation opportunity in between How renting his own storage unit during a home renovation changed Ryan's entire investment focus The fish-in-the-middle strategy: buying mom-and-pops, aggregating, and positioning for an eventual institutional exit Spartan's current portfolio (90 stores, $1B AUM) and growth target of 300 stores The virtual manager kiosk system: how one store manager can run five facilities remotely How Spartan's distributed team opens East Coast and West Coast stores outside normal office hours AI voice technology running the after-hours call center, and why it performs as well as their former offshore team How 65% of bookings happen through the kiosk screen with less than 10% face-to-face The tenant insurance captive: how Spartan adds $70,000 to $80,000 in NOI on property takeover, worth over $1 million in valuation at a six cap Why U-Haul partnerships are no longer worth the labor cost How to register every property for cell phone tower placement and generate triple-net lease income Leverage thresholds by deal type and why fixed-rate debt is non-negotiable How Ryan uses Claude AI connected to Spartan's data warehouse to cut 50 monthly investor updates from 80 hours to 7 hours Key Insight Ryan discovered self-storage the way most people discover something that changes everything: by accident. He was renting a unit during a home renovation that stretched from five months to a year and a half. When the landlord raised his rent 20%, he tracked the owner down to complain. The owner told him he had 500 units, raised rents 20% after six months, and nobody ever moved out. Ryan did the math on the spot. That one conversation reoriented his entire investment career. Today Spartan owns 90 facilities. It started with a $20 monthly bump on a unit full of stuff he probably should have thrown away. Why This Episode Matters Self-storage is often treated as a set-it-and-forget-it asset, but Ryan's framework shows it rewards operators who understand demand dynamics, leverage discipline, and operational integration at scale. Investors considering the asset class will come away with specific market criteria, a concrete underwriting framework, and a realistic picture of how scale changes the economics. The tenant insurance captive alone is a revenue strategy most real estate investors have never encountered and can apply immediately on their next acquisition. Find Out More Website: https://spartan-investors.com LinkedIn: https://www.linkedin.com/in/ryan-gibson1/ YouTube: https://www.youtube.com/@passiveincomepilots/videos YouTube: https://www.youtube.com/@SpartanInvestmentGroup Facebook: https://www.facebook.com/spartaninvestmentgroup/ Sponsors Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

Chris Reece, founder and CEO of MJ REIT, shares insights into his innovative real estate fund supporting the cannabis industry. Discover how his experience, strategic approach, and niche focus create a resilient investment opportunity in a rapidly growing market.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Leonard Tannenbaum's newest venture was supposed to be a sure thing. In 2020, after selling his previous company, Fifth Street, under a cloud of investor litigation and an SEC settlement, the veteran financier recast himself as a pioneering lender to underbanked cannabis firms. Weed was booming as Americans sat out the pandemic stressed and bored. But marijuana was illegal at the federal level, leaving most pot operations shut out of traditional banking.  Tannenbaum had the perfect Wall Street pitch: Become the dominant institutional lender to the fast-growing $19 billion industry by offering high yields to stock investors.  In early 2021, Tannenbaum and his third wife, Robyn, took their West Palm Beach, Florida–based AFC Gamma (later renamed Advanced Flower Capital) public as a mortgage REIT on the Nasdaq, raising $124 million. Within two years, thanks to successive stock offerings, AFC's equity value rose to nearly $400 million, as did its loan book.  “What amazed me was there was no institutional lender in the space, no reputable lender,” said Tannenbaum on the From Pot to Popular podcast in 2022, part of a media blitz coordinated with his entrance into the sector. “This was a chance to be number one in the industry.” By John Hyatt, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's Good Morning Hospitality, A Skift Podcast: Hotels Edition, Sarah Dandashy and Steve Turk dig into how the hotel industry measures success, where capital is flowing, and who controls the information guests use to make decisions. The conversation opens with a new Skift analysis arguing that net unit growth, the metric every hotel brand has been racing to win for a decade, may have been the wrong measure all along. From there, Sarah and Steve get into Minor International's plan for a $1 billion hotel REIT spanning its NH Hotels & Resorts, Anantara Hotels & Resorts, and Minor Hotels assets, and what a major Asian-originated hotel capital raise signals about where global hospitality investment is heading. They also unpack Google's acquisition of Spirit Airlines' reservation data from bankruptcy to train its AI hospitality recommendations, and close with what the rise of creator travel content and Substack travel newsletters tells hotel marketers about where traveler trust actually lives now. This episode is presented by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠StayFi⁠⁠⁠⁠⁠⁠⁠ & ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bilt⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. If you're ready to start turning today's guests into tomorrow's direct bookings, head to stayfi.com/goodmorninghospitality and use code GOODMORNINGHOSPITALITY to get 50% off your first three months. And for hotels with restaurants and restaurant owners, Bilt Hospitality is finally here. Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠joinbilt.com/gmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more for GMH listeners!

Oettershagen, Silke www.deutschlandfunkkultur.de, Studio 9

Plus: DeepSeek's flagship models will soon cost users four times as much to run. And Reddit is set to join the S&P 500. Danny Lewis hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Eigenschaften eines Pferdes hingen zu 30 Prozent vom Genotyp und 70 Prozent von der Umwelt ab, sagt Veterinärmedizinerin Christine Aurich. Bis ein Pferd bei einem Wettbewerb wie der Reit-WM in Aachen brillieren könne, sei es ein langer Weg. Von WDR 5.

Da sind wir wieder mit der Sportstunde – und diesmal ist wirklich keine Zeit zu verlieren. Patric ist zurück aus Kanada, und das Sportprogramm ist voll: Schwimm-EM in Paris, Leichtathletik-EM in Birmingham, Reit-WM in Aachen, Hockey-WM, Beach Wrestling, Flag Football, La Liga, Tour de France Femmes und jede Menge starke Interviews. Unser Sportler der Woche ist Schwimmer Johannes Liebmann. Mit gerade einmal 19 Jahren gewinnt er bei der EM in Paris Gold über 800 Meter Freistil – und das auch noch mit Europarekord. Dazu gibt es einen deutschen Doppelsieg mit Sven Schwarz auf Silber. Auch Isabel Gose, Maya Werner und die deutsche 4x200-Meter-Freistilstaffel sorgen für weitere DSV-Medaillen. Von Paris geht es nach Birmingham: Florian Bremm holt sensationell Silber über 5.000 Meter und ist unser Top der Woche. Dazu gibt es weitere deutsche Medaillen durch Yemisi Mabry, Merlin Hummel und Owen Ansah. Alice blickt außerdem auf die Reit-WM in Aachen, wo das deutsche Dressur-Team um Isabell Werth direkt Gold gewinnt. Im Handball-Nachwuchs läuft es weiter rund: Die deutschen U18-Handballer werden Europameister, nachdem zuvor schon die U20-Handballerinnen WM-Gold geholt hatten. Passend dazu sprechen wir mit den Handball-Schiedsrichtern Ramesh und Suresh Thiyagarajah. Die Brüder erzählen von Fehlerkultur, Kommunikation, Vorbereitung, Nachbereitung und davon, wie es ist, gemeinsam auf der Platte zu stehen. Ein großer Fokus liegt auch auf der Hockey-WM in Belgien und den Niederlanden. Die deutschen Herren gehen als amtierende Welt- und Europameister ins Turnier, die Damen wollen nach EM-Silber ebenfalls angreifen. Im Interview sprechen Moritz Ludwig und Benedikt Schwarzhaupt über Titelverteidigung, Teamstärke, Turnierziele und das Leben als Hockey-Weltmeister. Dazu porträtiert Alice Darja Varfolomeev, die bei der WM in Frankfurt wieder nach Gold in der Rhythmischen Sportgymnastik greift. Außerdem schauen wir auf die Flag Football-WM in Düsseldorf, die Beachvolleyball-EM, die Badminton-WM, die Squash-EM und den Start von La Liga – der neuen Weltmeisterliga. Auch Beach Wrestling ist Thema: Fabio Aiello und Valentin Seimetz sprechen über eine junge, dynamische Sportart mit großem Potenzial, Olympia-Träumen und der Frage, ob Beach Wrestling irgendwann so selbstverständlich werden kann wie Beachvolleyball oder Beachhandball. Zum Schluss wird es kritisch und kurios: Wir sprechen über die großen Preisgeld-Unterschiede zwischen Tour de France und Tour de France Femmes, teure Tickets und Verpflegung bei der Leichtathletik-EM in Birmingham – und den Rekordverkauf der Los Angeles Lakers für 12,5 Milliarden Dollar. Eine Folge voller Medaillen, Interviews, Sportvielfalt, großer Persönlichkeiten und Geschichten, die zeigen: Sportstunde – weil Sport mehr ist als das Ergebnis. ________________________________________________________ Hier gibt es die Interviews in voller Länge: Apple Podcasts Spotify You Tube Website: Sportstunde-Magazin

REITs have underperformed for 25 years, but could the next decade be different? Jussi Askola joins us to look at where REITs stand today, how they are valued, and where investors may find the best opportunities. We discuss how to value REITs using NAV and FFO, why management quality matters, and which sectors look most attractive, including data centers, cell towers, multifamily, retail, and office. We also compare public and private real estate and explore what could drive REIT returns over the next 10 years. To go beyond the podcast: Take the guesswork out of investing, taxes, and retirement. Book a free consultation with Domain Money Today: www.biggerpocketsmoney.com/cfp  Get 50% Off Your First Year of Monarch by using code ‘Pockets': https://www.monarch.com/pockets Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney Connect with Jussi Askola Website: https://www.leonbergcapital.com/ Buy His New Book ‘The Reit Advantage': https://www.amazon.com/dp/9916435359?lv=shuf&channelId=500&plpRedirect=mhFallback Substack: https://www.high-yield-landlord.com/ We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Reit-WM in Aachen beginnt. Kohleausstieg könnte sich verzögern, Solarausbau stockt. Deutschland bleibt als Reiseziel beliebt. Von Jutta Hammann.

Das Wichtigste am Dienstag: Die Bundespolizei verstärkt ihre Drohnenabwehr. Das Niedrigwasser auf dem Rhein wird zunehmend zum Wirtschaftsrisiko. Und in Aachen beginnt die Reitsport-WM

In Aachen startet die Reit-WM. Die Tierschutzorganisation Peta kritisiert gewaltsamen Umgang und dass die Tiere nicht freiwillig dort sind. Gerlinde von Dehn, Landestierschutzbeauftragte in NRW, gibt einen Einblick, wie der Tierschutz durchgesetzt wird. Von WDR 5.

Dressur, Voltigieren, Springen und mehr: In Aachen startet heute die Reit-Weltmeisterschaft. Über 800 Reiterinnen und Reiter aus über 70 Ländern gehen an den Start. Tierschutzorganisationen kritisieren den Stress für die Tiere, auch durch die Hitze.**********In dieser Folge mit: Moderation: Lena Mempel Gesprächspartner: Christian von Stülpnagel, Deutschlandfunk-Sportredaktion**********Ihr könnt uns auch auf diesen Kanälen folgen: TikTok und Instagram .

Unter dem Motto "Welcome home" wird die WM im Pferdesport bis zum 23. August auf dem traditionsreichen Turniergelände in der Aachener Soers ausgetragen. Die Kategorien reichen von Dressur über Springen bis hin zum Voltigieren. Dazu gibt es in Aachen ein großes Rahmenprogramm mit Konzerten, Talkrunden und Public Viewing. Von Ralph Günther.

Frederik on kertonut tunnelmistaan Eppu Normaalin keikkailun päättyessä, mutta mistä yhtyeen nimi oikeastaan juontaa juurensa? Studiossa pureudutaan myös frissoniin, mistä biiseistä Novan Aamun kolmikko on saanut kylmiä väreitä? Kosovon eduskunnassa kananmunat lentävät ja tästähän Kimmo innostuu: kananmunan heitto ihmistä kohti päätyy bucket listalle. Minna lupautuu maalitauluksi ja ihmettelee samalla, mistä sana sepel on peräisin. Suvi puolestaan kertoo viikonlopun tynnyrisaunareissusta, jonka mieleenpainuvin kokemus oli lopulta Kake.Lisää Minnaa, Kimmoa ja Suvia kuulet Radio Novan taajuudella arkisin kuudesta kymppiin!

In this episode we discuss Dominos, Diageo, Coca-Cola HBC, Novo-Nordisk, Tritax Big Box REIT & Eli Lilly$dom $dge $cch $novob $bbox $lly#dom #dge #cch #novob #bbox #lly

 Join an active community of RE investors here: https://linktr.ee/gabepetersen

Manage for the bad years, not just the good ones. After 57 years in commercial real estate, Luis Belmonte says the biggest lesson isn't how to maximize profits during a boom. It's how to build deals that can survive the next recession. In this conversation, Luis shares the unexpected way he entered real estate after returning from Vietnam, how he became one of the original founders of what is now the largest REIT on the New York Stock Exchange, and why decades of experience have taught him to think differently than most investors. He also explains why his company focuses on neighborhood retail properties, affordable housing developments, and smaller investments where the partners maintain greater control. Key Topics Starting a real estate career by accident Lessons learned through multiple market cycles Why every investment should be stress tested for a recession Building Walgreens developments and affordable housing projects Why Luis prefers smaller deals over institutional investments The importance of long term fixed rate financing Guest Information Luis Belmonte is a commercial real estate developer, investor, author, and one of the original founders of what became the largest REIT listed on the New York Stock Exchange. He is the founder of Seven Hills Properties and author of several books, including Real Estate 101 and Street Dog MBA. His books are available on Amazon in paperback, Kindle, and Audible formats. Call to Action Check out Luis Belmonte's books on Amazon to learn more from his decades of experience in commercial real estate. Listen on Apple Podcasts: https://podcasts.apple.com/ph/podcast/property-profits-real-estate-podcast/id1445202776 

Spencer Gray and Griffin Haddad return with a data-packed episode digging into whether multifamily is truly turning a corner. They break down UDR's decision to exit the preferred equity business, raise guidance, and buy back its own stock — a move they read as one of the clearest bullish signals from a public REIT in some time — while weighing it against transaction volume and pricing data that hasn't fully confirmed a recovery yet. The conversation covers regional rent growth trends (with the Midwest leading and San Francisco posting standout numbers), the ongoing affordability dynamics pulling renters toward homeownership in Indianapolis, and why garden-style apartment sales volume dropped 21% year over year. Spencer and Griffin also unpack Fed Chair Kevin Warsh's departure from traditional forward guidance, the yen carry trade unwind and its ripple effects on US Treasury yields, and close with an update on the Grant Cardone class action lawsuit and what it reveals about investor fit and fee structures in real estate syndications. Follow The Gray Report for weekly conversations on multifamily investing, macro trends, and the forces shaping commercial real estate.

Barry Jonas, managing director at Truist Securities, joined the REIT Report to discuss the gaming REIT sector, highlighting its acceptance as an asset class that provides a safe, secure rental streamHe noted that when the sector first emerged about 10-15 years ago, “it was seen as an orphan and really misunderstood. But as time has moved on, we are really seeing buy-in from the REIT community.”Investors understand that gaming REITs are “a very safe, durable stream of rent that has tenants who are sizable, most of them are public, audited, and have at this point not seen any major defaults or lack of payments made,” he said.In an environment of macro uncertainty and a K-shaped economic recovery, the sector has still seen low single-digit increases in gaming revenues, Jonas said. “Consumers generally want to go have fun, let off some steam, and go to a casino,” he added.Chapters:00:00 Gaming REITs Resilience00:23 Welcome to REIT Report00:41 How Gaming REITs Work02:08 Tenant Strength and Coverage03:38 Where Casinos Are Located04:59 Fundamentals and Growth Outlook07:40 Deal Flow and Sale Leasebacks09:16 Investor Appetite and Valuations10:26 Online Betting Cannibalization14:03 Future Growth Drivers

Pirasaanth Varatharajan (@thepvrajan) is a Chartered Professional Accountant (CPA, CA), real estate investor and co-founder of Foundation Capital. After starting his career at PwC and later becoming a Partner at Galleon CPA, he transitioned into building a real estate private equity firm focused on multifamily investing, asset management and helping investors create long-term wealth beyond traditional investing.He joins Ara on this episode of #TheTamilCreator to discuss realizing that "the game" was played a certain way, why delaying gratification and avoiding lifestyle inflation changed his financial trajectory, lessons from investing in crypto before his exchange collapsed, why debt isn't as dangerous as many people believe, building wealth through real estate and the mindset shifts that separate financial freedom from time freedom.If you've ever wondered how financially successful people think differently about wealth, risk, debt and long-term investing, this episode is for you.Follow Pirasaanth:- LinkedIn (https://www.linkedin.com/in/pirasaanth/)    Timestamps00:19 — Ara introduces this week's guest, Pirasaanth Varatharajan (PV)01:18 — Growing up in Jane & Finch; building street smarts & hustling Pokemon cards03:59 — Realizing that trading time for money at PWC wasn't sustainable05:38 — Starting his real estate journey; seeing someone do it first07:20 — Knowing someone who knew someone who had retired at 3010:44 — From duplexes and triplexes to collecting as many properties as possible13:51 — The role discipline plays in PV structuring his deals16:43 — What is the Canada Mortgage and Housing Corporation (CMHC)?17:51 — Ensuring business transparency with investors through social stories, live streams, etc.19:47 — Some investment advice for high income earners21:41 — Financial learning lessons from early on his career24:21 — Shifting his mindset from financial freedom to time freedom26:11 — The need for mental stimulation seemingly never going away27:40 — Investment options Foundation Capital offers; private REIT and purpose built rentals30:21 — Fear of risk when expanding Foundation Capital's offering?33:40 — Why the market isn't being corrected despite rentals being more affordable?36:14 — Does PV feel connected to the Tamil community?37:09 — Wealth building myths the Tamil community should rethink39:36 — How he diversifies his wealth40:29 — Advice he would give his 16-year-old self; work on sales44:18 — Personal legacy, compound interest, and delayed gratification48:45 — Creator Confessions58:32 — The Wrap UpIntro MusicProduced And Mixed By:- The Tamil Creator- YanchanWritten By:- Aravinthan Ehamparam- Yanchan Rajmohan        Support the show

Randy Moss, industry principal at Yardi, joined the REIT Report podcast to discuss the relationship between regulatory changes, rising energy costs, and net asset value (NAV), as well as how improving energy and utility data quality can reduce risk and support stronger REIT valuations. Yardi is a Nareit Real Estate Sustainability Partner.When evaluating potential real estate investments, cash flows often take center stage, Moss noted. Investors are increasingly looking for properties that not only have robust cash flows but also incorporate efficiency improvements. Enhancements that boost property efficiency can lead to maximized rents per square foot and higher occupancy rates, ultimately contributing to a more favorable NAV.Moss discussed how recent regulatory trends have introduced new challenges for real estate investors. Building performance standards (BPS) have emerged, mandating that owners meet specific energy and greenhouse gas emissions caps. As these regulations evolve, they come with significant penalties for non-compliance, impacting long-term cash flows dramatically.New York City's Local Law 97 sets stringent limits on emissions and requires reporting based on historical data. With nearly 27,000 buildings affected, compliance is a critical factor in maintaining property value and investment viability.Chapters: 00:50 Meet The Guests 01:24 How Investors Value Buildings 02:22 New Risks To NAV 02:55 Building Performance Standards 04:10 Local Law 97 Fines 05:40 Compliance Keeps Tightening 06:50 Why Data Quality Matters 08:22 AI With Human Oversight 10:50 Why Power Prices Rise 13:34 Future Policy Uncertainty 14:56 Mitigating Energy Cost Risk 18:08 BPS Lease And Tracking Tips 20:48 Bring In Leadership 22:49 Wrap Up And Subscribe

Frasers Property Ltd (FPL) is working with its controlling shareholder to lighten its balance sheet after taking its hospitality Reit private. Its chief financial officer (CFO) Loo Choo Leong talks to BT’s Ben Paul about the deal, the group’s capital recycling strategy, and its plans to lift its ROE and share price. Highlights of the podcast: 03:26 Should investors support the revamp? 07:09 Capital recycling amid higher rates 09:29 Waning excitement, sagging ROEs 14:52 Shares at “unjustifiably” low valuation? --- Send your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. --- Written and hosted by: Ben Paul (benpaul@sph.com.sg) With Loo Choo Leong, chief financial officer, Frasers Property Ltd Edited by: Nicole Teo & Claressa Monteiro Produced by: Ben Paul, Nicole Teo & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Correspondents: Channel: bt.sg/btcobt Amazon: bt.sg/btcoam Apple Podcasts: bt.sg/btcoap Spotify: bt.sg/btcosp YouTube Music: bt.sg/btcoyt Website: bt.sg/btcorresp Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Capital is rotating, the line between real estate and infrastructure is blurring, and the deals getting done today look different from those of even three years ago. In this episode of CRE Exchange, Omar Eltorai sits down with Tim Bodner, who leads PwC's US and global real estate deals practice, to discuss the firm's 2026 midyear CRE outlook. They cover the real assets convergence thesis, why operational prowess is replacing cap rate compression as the primary value driver, where REIT consolidation goes from here, and how private capital is redefining the dealmaking landscape. Key moments02:10 Midyear outlook key shifts03:35 Real assets convergence07:18 Operating prowess and AI09:07 VCs owning hard assets10:56 Where AI gets used today13:50 Industry bifurcation and new entrants18:09 REIT discounts and consolidation24:26 Private capital and capital solutions28:27 Themes for the back half of 202629:51 Policy uncertainty and data centers31:06 Lightning round and wrapResources mentionedTim Bodner - https://www.linkedin.com/in/timbodner/Navigating the capital rotation and AI-driven convergence reshaping real estate and real assets dealmaking - https://www.pwc.com/us/en/industries/financial-services/library/asset-wealth-management-real-estate-deals-outlook.html

Markets weighed a flurry of corporate earnings alongside an unusually divided Federal Reserve, leaving investors with fresh questions about where opportunities lie. Michelle Martin unpacks Keppel's sharp drop in headline profit and why its underlying business tells a much stronger story as the company continues its asset-light transformation. She also explores why DBS believes StarHub could emerge as an unexpected winner following the collapse of the M1-Simba deal, and what renewed consolidation could mean for Singapore's telecom sector. The programme also covers a strong turnaround at Starbucks, a volatile night on Wall Street following a split Fed decision, and the latest winners and losers from the AI investment cycle, including Microsoft, Samsung Electronics and Meta Platforms. Plus, Singtel's reported plans to unlock value from its fast-growing data centre business, Nxera, through a potential dual listing and REIT, and in the Last Word, why FIFA's proposed US$20 billion commercial rights deal raises bigger questions about the growing influence of private capital in global sport.See omnystudio.com/listener for privacy information.

Chris Reece joins Dave Dubeau to explain how cannabis real estate financing works and why his company focuses on lending against commercial properties instead of investing directly in cannabis businesses. Chris breaks down how cultivation facilities and dispensaries differ, why state regulations matter, and how his team evaluates every deal with conservative underwriting. Rather than relying on the value of expensive cannabis equipment and building improvements, they assume cannabis disappears and lend only against the property's traditional commercial value. The conversation also explores how changes in federal scheduling affect operators, why banking reform remains important, and how investors can use cannabis real estate as a way to diversify their portfolios while generating monthly income. Key Topics Why cannabis businesses often cannot access bank financing Financing cultivation facilities versus dispensaries Conservative underwriting that assumes cannabis has no value Evaluating operators alongside the real estate How recent regulatory changes affect the industry Using cannabis real estate to diversify investment portfolios Guest Information Chris Reece is the founder of MJ REIT, a firm that provides commercial real estate financing for cannabis related properties across multiple states. Website: www.mj-REIT.com Newsletter: www.mj-REIT.com/events Call to Action Visit www.mj-REIT.com/events to sign up for the monthly newsletter and learn more about MJ REIT. If the strategy fits your investment goals, schedule a conversation with Chris and his team.

In this episode of the ASC Podcast with John Goehle, we run through the ASC news that matters — a sweeping CMS enrollment proposal, the anesthesia squeeze, and more — plus a few things we've been seeing out in the field. Then John sits down with two veteran pharmacy consultants for a practical look at medication safety in the surgery center, from patient screening to drug diversion to malignant-hyperthermia readiness. This episode is sponsored by Surgical Information Systems, RFX Solutions, Medserve and  Ambulatory Healthcare Strategies. Notes and Resources from this Episode: CMS seeks new powers to deny or revoke enrollment for “problematic” Medicare providers — Becker's Hospital Review: beckershospitalreview.com CY2027 Home Health PPS proposed rule (CMS-1844-P) — Medicare enrollment provisions (retroactive revocation, location & affiliation rules, 855B private-equity/REIT disclosure); comments due Aug 31, 2026 — CMS fact sheet: cms.gov Elevance's 10% out-of-network penalty — 3 payer moves disrupting ASCs, physicians — Becker's ASC: beckersasc.com Why anesthesia stipends could be inevitable amid outdated ASC models — Becker's ASC: beckersasc.com Feds: Iowa plastic surgeon defrauded Medicare through false billings — Iowa Capital Dispatch: iowacapitaldispatch.com CMS request for information on episode-based payment for ASCs (ASCA opposed) — ASC News: ascnews.com Companion episode: Episode 283 — Pharmacy Management and Recalls . INFORMATION ABOUT THE ASC PODCAST WITH JOHN GOEHLE ASC Central is our one-stop site for ASC bootcamps, on-demand conferences, and membership programs: conferences.asc-central.com Patron Membership — our base membership for podcast listeners: regular group Zoom sessions, a full resource database to help run your ASC, and several free conferences (Conditions for Coverage, Medical Director, Credentialing, and Finance & Accounting). Become a Patron Member Premium Access Program — includes Patron membership PLUS unlimited Bootcamps (Administrator and Director of Nursing, normally $1,899.99 each), our Credentialing, Conditions for Coverage, Medical Director and Infection Control programs, weekly drop-in Zoom sessions, and up to five hours of private consulting. Sign up for Premium Access Compare both programs: conferences.asc-central.com/membership-programs-2   Important Resources for ASCs: Conditions for Coverage: https://www.ecfr.gov/cgi-bin/text-idx?c=ecfr&rgn=div5&view=text&node=42:3.0.1.1.3&idno=42#se42.3.416_150 Infection Control Survey Tool (Used by Surveyors for Infection Control) https://www.cms.gov/Regulations-and-Guidance/Guidance/Manuals/downloads/som107_exhibit_351.pdf Updated Guidance for Ambulatory Surgical Centers - Appendix L of the State Operations Manual (SOM) https://www.cms.gov/Regulations-and-Guidance/Guidance/Manuals/downloads/som107ap_l_ambulatory.pdf https://www.cms.gov/medicareprovider-enrollment-and-certificationsurveycertificationgeninfopolicy-and-memos-states-and/updated-guidance-ambulatory-surgical-centers-appendix-l-state-operations-manual-som Policy & Memos to States and Regions CMS Quality Safety & Oversight memoranda, guidance, clarifications and instructions to State Survey Agencies and CMS Regional Offices. https://www.cms.gov/Medicare/Provider-Enrollment-and-Certification/SurveyCertificationGenInfo/Policy-and-Memos-to-States-and-Regions Other Resources from the ASC Podcast with John Goehle: Visit the ASC Podcast with John Goehle Website Books by John Goehle Get a copy of John's most popular book - The Survey Guide - A Guide to the CMS Conditions for Coverage & Interpretive Guidelines for Ambulatory Surgery Centers

Rich Hill, Global Head of Research and Strategy at Principal Asset Management, told the REIT Report podcast that the REIT market's transition from recovery into expansion is an important signal that indicates the path forward for the broader commercial real estate market.REIT gains so far in 2026 indicate that “predictable earnings and income-driven total returns are becoming more attractive again. That's been out of favor for the past several years, but it seems to be a little bit more in vogue right now,” Hill said.Hill stressed that dispersion in returns is a continuing theme in the CRE market and “investors are going to have to recognize that this cycle is really about picking the right property types in the right markets…this is a cycle for selectivity, this is not a cycle where you can play broad-based mega themes.”Hill said the current cycle should also be viewed through a longer-term lens. Market expansions, he explained, usually last around 12 years. “Why do they last so long? It's just not about price returns, it's also about underappreciated income returns. We think this is actually a really interesting cycle. If you think you've missed the bottom, you haven't. This is going to play out for a long period of time.”

In this episode, panelists examine the state and local tax treatment of real estate investment trusts (REITs), addressing the technical complexities with practical approaches. Among the topics discussed are common pitfalls with REIT state income tax reporting: dividends-paid-deduction mechanics, net operating loss (NOL) utilization and combined reporting regimes.

How are Real Estate Investment Trusts (REITs) navigating economic shifts and outperforming the broader equity market in 2026? In this episode of America's Commercial Real Estate Show, host Michael Bull sits down with Edward Pierzak, Senior Vice President of Research at Nareit, to break down the operational performance, balance sheet metrics, and future outlook for the REIT sector. Despite facing macroeconomic shocks like geopolitical conflicts and inflation worries, REITs have maintained incredible momentum throughout the first half of the year. Edward provides an insider look into sector-specific trends—explaining why lodging, resorts, and data centers are leading the pack in 2026 after a turbulent 2025, and how well-amenitized, well-located properties are driving a performance bifurcation within the office sector. Key Topics Covered We explore how REITs are keeping their momentum and outpacing broad equity markets in 2026. Edward shares a deep dive into specific sectors, detailing the rebound of data centers, the rise of lodging and senior housing, and the nuanced truth behind the "office is dead" headlines. We also take a look into Nareit's REIT Industry Tracker, detailing how high occupancy rates, solid FFO, and fixed-rate unsecured debt are giving public REITs a competitive advantage. Additionally, we discuss the lingering public-private divergence, examining why valuations are misaligned and what this dislocation means for savvy institutional and retail investors. Finally, we analyze the recent wave of consolidation, REIT-to-REIT mergers, and the growth of internal investment management platforms. "REITs have had a great start of the year... we still think that there's definitely more fuel in the tank." — Edward Pierzak Whether you are looking to invest, advise, or track institutional quality real estate trends, this episode delivers the vital market intelligence you need to finish 2026 strong.   Connect with Edward Pierzak: https://www.linkedin.com/in/edwardfpierzak Nareit Website: https://www.reit.com/   Connect with Michael Bull & The Show: Michael Bull, CCIM Bull Realty, Inc https://www.linkedin.com/in/michaelbull/   For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.   America's Commercial Real Estate Show is brought to you by our proud sponsors. TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com   Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/  

Nareit Senior Vice President for Research Ed Pierzak joined the REIT Report podcast to review key themes of Nareit's 2026 mid-year update. He noted that REITs have maintained their outperformance so far this year, with all but two sectors posting gains, and pointed to “really strong momentum” for REITs not only for the remainder of 2026, but beyond.Pierzak noted that often when REITs outperform early in the year, they tend to best broad equity market performance through the remainder of the year—barring any unexpected shocks.As for REIT sectors, he noted that data centers have been one of the top performers so far this year, after they were one of the worst performers in 2025. Taking the top spot this year to date is lodging and resorts, fueled by very strong leisure and business travel demand, Pierzak said.Elsewhere in the podcast, Pierzak discussed the valuation divergence seen between REITs and the broader equity market, as well as private real estate, and the potential for outperformance when that gap closes. He also commented on REIT M&A trends, as well as how REITs are increasingly being used to complement existing investment portfolios.0:00 — Why REITs Now0:21 — Welcome and Guest Intro0:40 — 2026 Performance in Context1:58 — Sector Winners and Losers3:13 — REITs vs Equity Valuations4:07 — Public vs Private Pricing Gap5:41 — What Divergence Means6:17 — M&A and Industry Consolidation7:15 — Capital Access and Financing8:10 — Outlook for Rest of 20269:07 — Wrap Up and Subscribe

Jürgen Brunner ist kein typischer Handelsvertreter. Sein Lebensweg führt vom ambitionierten Fußballer über die Bundeswehr, das Auswärtige Amt, die Schweiz und Frankreich bis nach Süditalien. Dazwischen: Sportgeschäft, Recycling-Projekte mit Nespresso, Metallindustrie und schließlich der Aufbau einer erfolgreichen Handelsagentur für Jagd-, Reit- und Outdoor-Produkte. In dieser Folge spricht Jürgen offen über seine außergewöhnliche Lebensreise, warum er Veränderungen nie gefürchtet hat, weshalb "Hätte ich doch" für ihn kein Satz ist und wie man mit Mut, Offenheit und den richtigen Menschen an seiner Seite immer wieder neue Wege einschlagen kann. Eine Folge über Unternehmertum, Lebensfreude und die Erkenntnis, dass Erfolg oft dort beginnt, wo andere sich nicht trauen, den ersten Schritt zu gehen.

How does a physician become a millionaire by age 38? In this Milestones to Millionaire episode, we talk with a physician who recently reached $1 million in net worth at a relatively young age, while also receiving more than $300,000 in student loan forgiveness through Public Service Loan Forgiveness. We discuss the financial decisions that helped build wealth early, the impact of student loan forgiveness, and advice for other physicians working toward financial independence. Building wealth as a physician is often a long journey, but smart financial decisions early in your career can make a major difference. Goodman Capital is a premier real estate credit investment firm specializing in senior-secured, low loan-to-value lending on Class A properties in prime markets across the greater New York metro area. Founded on a family legacy dating back to 1987, Goodman has closed more than $850 million+ across 95+ loans with a track record of zero principal loss. Their flagship private mortgage REIT, Liquid Credit Strategy Fund I, delivered a steady 9% net dividend yield since inception at a very conservative sub-50% LTV. Invest in tax-efficient, high-yield, risk-adjusted debt investment strategies with Goodman Capital at https://whitecoatinvestor.com/goodman Celebrating your stories of success along the journey to financial freedom! Tune in every Monday to the Milestones to Millionaire Podcast, where we celebrate the financial achievements of our listeners and share practical tips for reaching your own milestones. We want to celebrate your milestones—no matter how big or small—and help inspire others to follow your lead. Every week, these episodes feature one listener who has recently achieved a milestone they are proud of and want to celebrate, and they give any advice they have for those who want to follow their example. Make sure to listen every Monday to be inspired by your fellow white coat investors. Celebrate YOUR Milestone on the Milestones to Millionaire Podcast: https://whitecoatinvestor.com/milestones  Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Should you buy a REIT before it recovers? How can you tell if a REIT is on the path of recovery? Michelle finds out in this discussion as more investors ask if Singapore's beaten-down property trusts are finally turning the corner, or if the rebound is only temporary. After years of higher interest rates and weaker distributions, investors are looking for signs of a sustained recovery. Hosted by Michelle Martin, this episode examines three REITs to watch: Mapletree Logistics Trust, Mapletree Pan Asia Commercial Trust and Frasers Centrepoint Trust. We explore what their upcoming results could reveal about logistics demand, retail resilience, asset recycling, financing costs and the transformative potential of the Johor Bahru–Singapore RTS Link. If you're hunting for income, this conversation highlights the metrics that matter most before making your next investment decision.See omnystudio.com/listener for privacy information.

Dave Bragg, CFO at UDR, Inc. (NYSE: UDR), joined the REIT Report podcast to discuss the multifamily REIT's decision to adopt a monthly dividend, its strategic focus on operational excellence, and the current state of the multifamily real estate market. Bragg noted that adopting a monthly dividend reflects the REIT's efforts to seek new and different sources of capital, including individual investors. Through a range of education efforts, UDR is looking to showcase its “50-year history of about $9 billion of dividends paid,” and a healthy dividend yield today that has been characterized by “stability and growth over time.”UDR is also increasingly applying a data-driven approach to capital allocation, according to Bragg. “It's a very collaborative process that has informed our dispositions and our share buybacks, which have been a focus so far this year,” he said.

The first half of 2026 opened with a soft-landing story and closed with reignited inflation, sub-2% growth, and a hawkish Fed. In this midyear episode of CRE Exchange, Cole Perry and Omar Eltorai work through what did happen: four straight Fed holds, consumer confidence at its lowest in the survey's 70-plus year history, and a frozen housing market.Omar follows with the public markets story, where REITs returned nearly 14%, and REIT M&A is on pace for its most active year in a decade, even as private CRE remained in a gradual recovery mode. The episode closes with original Altus Group research on implied versus realized growth in CRE: when buyers price in growth at acquisition, does that growth actually materialize? And does it protect value?Key moments:01:29 Midyear economy recap02:08 Growth and inflation shocks04:06 Consumer and labor check06:56 Housing and construction trends08:30 Fed holds and rate reality10:14 Public markets snapshot11:50 Credit and data center capital14:12 Rates macro and REIT rally19:04 Fresh labor and construction prints23:22 Implied vs realized growth research29:41 How to access our in-depth research

The number of REITs (real estate investment trusts) listed in London has shrunk dramatically over the past five years. Now the biggest REIT on the market is the subject of a bid from a US buyer. In this week's personal finance edition of Merryn Talks Your Money, Bloomberg senior reporter and author of the Money Distilled newsletter, John Stepek, is joined by Bloomberg real estate team leader Jack Sidders to discuss the health of the UK's commercial property sector, whether there is more consolidation to come, and what it might say about REIT valuations. See omnystudio.com/listener for privacy information.

In this episode of The Rainmaker Podcast, Gui Costin talks with Mark Allen, President and Chief Development Officer of Royal Oak Realty Trust, about building a fundraising operation from the ground up in an industrial REIT. Mark covers how Royal Oak grew its distribution team from three to eight by hiring geographically rather than by channel, why shared account ownership beats ring-fencing relationships, and how disciplined communication, CRM tools, and AI-powered call notes are reshaping the sales motion amid heavy RIA consolidation. He and Gui also unpack his player-coach leadership style and the fundraising formula he's taken from The Tao of Fundraising — why simplicity beats complexity every time.

Nick Kunze from Sanlam Private Wealth unpacks Hudaco's results in a tough trading environment and whether Japan's weak yen, rising yields and stronger markets are creating opportunity. Ian Anderson from Merchant West Investments reviews first-half Reit performance and the appeal of Italian property deals. Chris Fraenkel, Wealth Manager at Private Client Holdings, discusses the saving habits of Gen Z and Gen Alpha.

Brendan Lynch, co-head of U.S. equity REIT research at Barclays, discussed data center REITs on the latest REIT Report episode, noting that the sector is rebounding as enterprise AI demand accelerates, leasing pipelines grow, and investors seek more direct exposure.Lynch said the recent Blackstone Digital Infrastructure Trust (NYSE: BXDC) IPO shows “there are investors who are looking for a specific type of exposure,” in the data center sector, notably stabilized assets.Meanwhile, record demand should support revenue growth, margin expansion, and cash flow growth as operators scale, he said. Development yields have improved from 6% to 7% in 2021–2022 to low double digits and, in some cases, the mid-teens, although customers' ability to self-build limits the upside.Power remains a key constraint, Lynch observed, but operators are getting more creative through retrofits, grid solutions, and behind-the-meter options. On regulatory pushback, “a lot of the things that are the cause of NIMBYism, I think, are misunderstandings about how data centers can fit into a given environment," he said.Chapters:  00:00 AI CapEx Runway00:39 Welcome to REIT Report00:58 Data Center REIT Comeback02:39 Leasing Pipelines Growth03:08 Development Yields Shift04:28 Power Constraints Markets05:38 Creative Power Solutions06:06 NIMBY Pushback Regulation07:41 Winners Ecosystem Pricing08:49 Is Now Good Entry09:53 Data Centers in Space10:53 Wrap Up Subscribe

Kyle Grieve and Shawn O'Malley analyze American Tower, the global cell tower business that powers the wireless networks we rely on every day. They unpack how leasing tower space to carriers creates durable recurring revenue, why its stacked competitive advantages form one of the widest moats in the market, and how a steadily growing debt load complicates the picture. IN THIS EPISODE YOU'LL LEARN: (00:00:00) Intro (00:00:44) How American Tower powers the wireless networks we use (00:05:52) How AMT creates recurring revenue (00:07:04) Why adding additional tenants dramatically boosts profits per tower (00:12:56) The three moats protecting American Tower from competitors (00:30:22) Why the REIT structure forces heavy reliance on debt (00:36:56) What American Tower's capital allocation reveals about management (00:38:36) Whether the data center deal was worth it (00:52:19) How carrier consolidation threatens even the widest moats (00:56:22) Why a wonderful business isn't always a wonderful investment (01:06:48) Intrinsic value of AMT (01:09:04) Whether Kyle and Shawn will add AMT to the Intrinsic Value Portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Track ⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Portfolio⁠⁠⁠⁠⁠⁠⁠. Brad Jacob's first book, ⁠⁠How to Make A Few Billion Dollars⁠⁠. Brad Jacob's follow-up book, ⁠⁠How to Make A Few More Billion Dollars⁠⁠. Listen to Brad Jacob's ⁠⁠interview with David Senra⁠⁠. Follow Kyle on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow Shawn on ⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Investor's Podcast Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠: ⁠⁠⁠⁠Fiscal.AI⁠⁠⁠⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Kyle Grieve and Shawn O'Malley analyze American Tower, the global cell tower business that powers the wireless networks we rely on every day. They unpack how leasing tower space to carriers creates durable recurring revenue, why its stacked competitive advantages form one of the widest moats in the market, and how a steadily growing debt load complicates the picture. IN THIS EPISODE YOU'LL LEARN: (00:00:00) Intro (00:01:51) How American Tower powers the wireless networks we use (00:06:21) How AMT creates recurring revenue (00:08:09) Why adding additional tenants dramatically boosts profits per tower (00:13:57) The three moats protecting American Tower from competitors (00:32:13) Why the REIT structure forces heavy reliance on debt (00:38:46) What American Tower's capital allocation reveals about management (00:40:22) Whether the data center deal was worth it (00:57:33) How carrier consolidation threatens even the widest moats (01:01:30) Why a wonderful business isn't always a wonderful investment (01:11:35) Intrinsic value of AMT (01:13:52) Whether Kyle and Shawn will add AMT to the Intrinsic Value Portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Track ⁠⁠⁠⁠⁠⁠The Intrinsic Value Portfolio⁠⁠⁠⁠⁠⁠. Brad Jacob's first book, ⁠How to Make A Few Billion Dollars⁠. Brad Jacob's follow-up book, ⁠How to Make A Few More Billion Dollars⁠. Listen to Brad Jacob's ⁠interview with David Senra⁠. Follow Kyle on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow Shawn on ⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses through ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Investor's Podcast Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠sponsors⁠⁠⁠⁠: ⁠⁠Plus500⁠⁠ ⁠⁠Netsuite⁠⁠ ⁠⁠Vanta⁠⁠ ⁠⁠Shopify⁠⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Grant Cardone says he may have found a way to disrupt the $4 trillion real estate industry by combining income-producing real estate with Bitcoin. In this interview recorded live at Consensus 2026, Grant breaks down why the 1965 REIT model is fundamentally broken — companies forced to distribute 90% of their cash with nothing left for capital expenditures — and how his Bitcoin real estate hybrid solves the liquidity problem that's crushing major institutions like Starwood right now. He explains why 80% of his investors have never owned Bitcoin before, how showing them the hybrid model turned them into Bitcoin buyers on their own, and why he believes every major institution will eventually adopt this model. Grant also reveals how he almost lost $12 million in Bitcoin on a plane he sold to Tim Draper, why he thinks Bitcoin should be $150,000 today, and what Michael Saylor said when he saw Grant's first hybrid deal. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Whalen is back for The Wrap after his fishing trip in Maine, where he caught a 21-inch smallmouth bass! He's very positive on Kevin Warsh's "less is more" approach at the Fed—no forward guidance, likely removing the dot plot, and refocusing on letting the numbers speak for themselves rather than trying to control expectations through communication. Whalen argues the bond market has already delivered a rate hike on its own, and if he were Warsh, he'd wait and see how the Iran peace deal holds before making more moves, given that war inflation is transitory and external to Fed policy. He reveals the definition of inflation will likely be narrowed to minimize rate hikes and avoid tanking the economy, and he's watching a massive rebalancing from equities to bonds at record allocation levels. Whalen sold most of his AI stocks and locked in serious gains, but he's holding SpaceX as a long-term play given Elon's monopolies on space launch and global internet. He warns the AI bubble is going south with Mike Saylor and Bitcoin spiraling, sees gold and silver as a great entry point after being beaten down, and is adding to positions. He explains silver's manufacturing and technology demand while copper faces supply constraints. On Iran, Whalen argues the MOU doesn't solve underlying inflation drivers—diesel, fertilizer, energy ripple through the economy—so double-digit inflation is locked in with no Fed rate cuts coming. He's concerned about private credit festering with two-and-twenty fees still common, distressed debt exchanges now over 70% of defaults since 2022, and he likes Annaly as a mortgage REIT with government-insured assets and mortgage servicing rights providing protection. Whalen notes precious metals could still rise despite rate hikes because central banks will keep accumulating gold as reserve assets. Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira858Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 Intro and welcome back Chris Whalen1:47 Warsh sets different tone - No forward guidance, likely no dot plots3:33 Less is more approach - Fed was communicating too much5:43 Bond market has already done the rate hike6:50 War inflation is transitory - External factor Fed can't control7:19 Definition of inflation will be adjusted/narrowed9:10 Bond market doing tightening, not Fed funds rate10:34 Rebalancing from equities to bonds at record levels11:50 Sold most AI stocks, took profits, holding SpaceX12:07 SpaceX monopoly on space/internet - Long term play13:57 AI trade, Bitcoin15:57 Gold/silver beaten up but good entry, adding positions17:02 Silver manufacturing and technology demand17:49 Copper supply/demand - Not enough copper globally19:32 Iran MOU doesn't solve underlying issues21:45 Double-digit inflation locked in - Diesel, fertilizer ripple22:34 Fed can't fix war-driven inflation23:52 No rate cuts coming - Business banking on cuts won't get them24:48 Private credit festering problem - Two and twenty fees26:16 Distressed debt exchanges over 70% of defaults29:27 Annaly - Mortgage REIT with government insured assets30:00 Precious metals could rise despite rate hikes - Central banks buying31:43 Precious metals dollar strength question32:07 Next week

Real estate mogul Grant Cardone made his Consensus mainstage debut to explain the unconventional investment strategy he's been building for the past 17 months: fusing Bitcoin directly into large-scale real estate deals to outcompete traditional REITs. Cardone, who first received Bitcoin as payment for a speaking gig and still holds those 115 coins today, argues the hybrid model can deliver 22–32% returns by combining the stability of cash-flowing properties with the upside of Bitcoin. He also shared why he believes this structure could disrupt the entire $4 trillion REIT industry. - Timecodes: 00:00 - Grant Cardone at Consensus Miami 2026 00:40 - How Grant First Discovered Bitcoin 02:02 - Real Estate Bitcoin Hybrid Strategy 05:45 - Why Real Estate Beats Other Asset Classes 08:03 - Disrupting The REIT Industry 14:22 - Going Public And Bypassing The Banks 16:57 - Final Advice: Get Fiat, Build Wealth