Community Roundtable: Treasuries vs Debt Funds, Office “Bargains,” and How to Deploy Cash Now

About this episode

A roundtable discussion on current investment strategies and market conditions among PassivePockets members.

In this Community Roundtable, Chris Lopez sits down with PassivePockets members Pascal Wagner, Adam Cranmer, and Christy Burakovsky for a candid investor-to-investor conversation on how they’re allocating capital right now and what would make them change course. Pascal frames the dilemma many LPs are feeling: with risk-free rates near 5% and major macro signals flashing red (record debt loads, expensive public markets, and uncertainty around where rates settle), does it still make sense to allocate to interest-rate-sensitive commercial real estate? He shares how he’s thinking about portfolio construction with fresh liquidity and why he’s prioritizing stable income and downside protection before chasing upside. Adam and Christy offer counterweights: where fear can create opportunity, why liquidity matters, and how they’re approaching “safer” yield today (short-duration debt funds, notes, treasuries) while keeping dry powder for dislocated assets. The conversation also explores where each of them sees asymmetric opportunity: distressed commercial, non-performing loan strategies, medical office, assisted living tailwinds, and long-term fixed-rate debt structures that avoid the…

People in this episode

Host: Chris Lopez

Guests: Pascal Wagner, Adam Cranmer, Christy Burakovsky

Topics covered

• investment strategies
• real estate
• liquidity
• debt funds
• commercial real estate
• portfolio construction

Keywords

• interest rates
• cash allocation
• stable income
• downside protection
• distressed assets
• non-performing loans
• medical office
• assisted living

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