Deconstruct

A Private Equity Head on Investment Opportunity in "Transitional" 2024

January 22nd, 2024  |  Season 3  |  28 mins 48 secs

2024, capital markets, cold storage, commercial real estate, investment, office, private equity, single-family rentals

Heading into 2024, rate cuts are the silver lining on everyone’s mind. Still, Ron Dickerman, founder and president of private equity firm Madison International Realty, sees 2024 as a “transitional year.” As capital cautiously comes off the sidelines, Dickerman talks opportunity in the wall of maturities and which asset classes he’s eyeing. Hint: Cold storage is on the come-up

The Syndicator's Dilemma: A Multifamily Boom Goes Bust

October 30th, 2023  |  Season 3  |  32 mins 6 secs

commercial real estate, distress, interest rates, investment, multifamily, rate hikes, sun belt, syndicators

Two years back, when money was still cheap, a new crop of investors was getting in on the red-hot multifamily market. Syndicators — investors who pool money to buy properties — turned to floating-rate debt to quickly close deals when demand was at its peak. After a year and a half of rate hikes, many of those fledgling investors are now grappling with distress. Nuvo Capital Partners' Brian Underdahl discusses the catalysts behind that boom and how his firm is working with borrowers to save troubled deals.

Could 16M Vacant Homes Solve the Housing Crisis?

June 5th, 2023  |  Season 2  |  24 mins 10 secs

affordability, housing crisis, investment, new western, real estate investment, residential

The U.S. is short 6.5 million homes, Realtor.com estimates. The solution, argues Kurt Carlton, co-founder of investment platform New Western, are the 16 million houses that sit vacant. Deconstruct breaks down how small-time investors are fixing up empty properties to put supply back on the market.

As Equity REITs Flounder, Fundrise CEO is Bullish on Credit

March 6th, 2023  |  Season 2  |  33 mins 1 sec

commercial real estate, crowdfunding, fundrise, interest rates, investment, reits

For the past year, public real estate investment trusts that own or manage office buildings, hotels and multifamily have traded at steep discounts as investors feared rising rates would take a whack to profits and property values. Amid that downturn, Ben Miller, CEO of investment platform Fundrise, has set his sights to credit. Tune in for the lowdown on why Miller sees opportunity in debt and which asset classes he’s eyeing once equities markets recover.

The Myths of Multifamily’s Sun Belt Bust

February 27th, 2023  |  Season 2  |  22 mins 39 secs

apartments, demand, interest rates, investment, multifamily, rentals, rents, sun belt, supply

Alternative Investment Goes Mainstream: Harrison Street's Recs for a Down Market

December 12th, 2022  |  Season 2  |  20 mins 40 secs

alternative assets, harrison street, investment, life sciences, self-storage, senior housing, student housing

The Real Deal's podcast Deconstruct chats with Harrison Street CEO Christopher Merrill about how investment vehicles like student housing or self-storage are thriving in a down commercial market.