S2's REIT Wipeout & A Lender's Extreme Show of Faith

About this episode

The episode discusses the challenges faced by Scott Everett of S2 Capital in managing a distressed portfolio, the role of lenders in real estate, and the legacy of Ted Turner, along with various industry news updates.

This week, we dive into Sunbelt multifamily kingpin’s Scott Everett's ( S2 Capital ) audacious attempt to save his distressed portfolio via a private REIT – an attempt coming apart in real time. It's an opportunity for us to discuss the Sunbelt ZIRP-fueled boom/bust, the broader syndicator reckoning and how figuring out how to survive is sometimes all you can do. It’s then time to talk fathers and sons – a long-stalled FiDi site at 8 Carlisle may finally see salvation after lender Maxim Capital kept the faith in developer Grubb Properties after a decade-long debacle by the Ohebshaloms . And then it’s time to unpack the real estate legacy of a G-reat man,just-passed media mogul Ted Turner . Plus, our Punch List rundown of the newsiest industry happenings: A sextortion plot against Fortress founder Wes Edens; Gary Barnett's latest assemblage; La Caisse and EB-5 investors taking a bath in Brooklyn; and Soloviev's $526M windfall at a Manhattan office trophy. 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. And check out their must-read SNF primer…

Topics covered

• real estate
• multifamily investment
• private REIT
• lending
• real estate legacy
• industry news

Keywords

• REIT
• Sunbelt
• multifamily
• lending
• real estate news
• Ted Turner
• Wes Edens
• Fortress
• Grubb Properties
• Maxim Capital

Sponsors

Bravo Capital, Pensford, Real Property Captive

Mentioned in this episode

Organizations: S2 Capital, Maxim Capital, Grubb Properties, Fortress, La Caisse, EB-5, Soloviev

More episodes of The Promote Podcast

• Not Easy Being [SL] Green & TPG's Shelf Life · June 10, 2026 · 39 min
• Hail Caesar, CoStar's M&A Mania & a ZOMbie Developer · June 3, 2026 · 36 min
• Enemy at the Rates, Mayweather Gets KO'd & Newmark Nepomania · May 28, 2026 · 40 min
• CRE's Paypal Mafia: The JMB Realty Story · May 20, 2026 · 36 min
• Mega-Marriage of Convenience and Miami’s Abuelagate · May 6, 2026 · 35 min
• Aman’s Dirty Laundry & Atlanta’s Phantom Megaproject · April 29, 2026 · 37 min