About this episode

The episode explores significant financial restructuring cases, including Pimco's investment challenges and S2 Capital's losses, while also covering recent industry news.

This week, we wade into the underbelly of big-ticket restructuring, looking at Pimco’s $1.8B lifeline on its disastrous bet on the Columbia Property Trust office portfolio, and how the lenders that stepped in after the default have set themselves up for a massive payday. The whole journey is a valuable lens into the opportunities available deep in the nethers of the capstack. Next, we have to revisit the saga of S2 Capital's Scott Everett , the GP who’s now declared that his $400M multifamily fund is a total loss – we sensed this was coming, but it still hits. We dive into both the business and reputational aspects of the wipeout. Plus, our Punch List rundown of the newsiest industry happenings: RFR Realty succession; Sergey Brin' s NYC rent-stabilized misadventure; Miami condo buyout aces; Kayne Anderson gobbled up. Sponsors: 1) This episode is supported by Bravo Capital , a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors. 2) This episode is supported by LoanBoss , the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy…

Sponsors

Bravo Capital, LoanBoss

More episodes of The Promote Podcast

• Mailbag: CRE Mt. Rushmore, Would You Rather & Wildest Tenant Stories · July 17, 2026 · 26 min
• Skyscraper Triage & Data Center Power Struggle · July 15, 2026 · 38 min
• Texas Chainsaw Massacre & The Man Who Knew · July 1, 2026 · 38 min
• Stern Ambition, Nuveen's Belly Flop & Private Credit's Gypsy King · June 17, 2026 · 40 min

Explore listener stats, chart rankings, contacts and more on the The Promote Podcast podcast page.