Stern Ambition, Nuveen's Belly Flop & Private Credit's Gypsy King
About this episode
The episode explores the intersection of real estate, private credit, and investment losses through various stories and industry news.
This week, we load up on chips n' vinegar and take you with us on an extraordinary journey into British caravan country . Embattled mobile-home king Robert Bull's tale brings together gypsies, Norwegian beauty queens and New York financiers – and yes, it is very much a CRE story. Next, we slip into Dolce & Gabbana and ride to the branded-condo epicenter of Miami , where JDS’ Michael Stern is prepping a rescue recap of his latest development – Stern is a first-draft pick for a real estate pirate, and we get into the backstory. And finally, a strong example of returns not mattering in institutional CRE – Nuveen has disclosed a string of meaty losses on its investing bets. Plus, our Punch List rundown of the newsiest industry happenings: a $1.3 billion arbitration award in an OC real estate dispute; Ken Griffin's empire-building; and Monty Bennett's pillaging of hotel REIT Braemar. 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…
Sponsors
Bravo Capital, LoanBoss, Real Property Captive
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