The PERE Podcast

PEI Group
PEI Group
  • 5.0 (5)
  • Investing
  • Updated Weekly

The PERE Podcast features a weekly discussion between members of our senior editorial team spanning formation, strategy and deployment, and regularly draws from the ongoing coverage of PERE, as well as affiliate titles PERE Credit and PERE Deals. We also occasionally host sponsored interviews providing analysis-led commentary about the biggest events in private real estate capital markets around the world. Visit perenews.com, peredeals.com and perecredit.com for more.

  1. 4d ago

    The carbon question: Is real estate mispricing climate risk?

    This episode is sponsored by Bouwinvest and Arrow Global Once treated as an obligation, sustainability has now become critical to the investment thesis. As recent global heatwaves have revitalised discussion around the topic, real estate is confronting the ramifications of climate trends. The industry faces both transition and physical climate risks, directly linking asset performance to sustainability. As a result, managers and investors can no longer treat it simply as a compliance issue. They must carefully evaluate valuations, closely consider the role of resilience and adopt a long-term perspective. In this episode of The PERE Podcast, Timothy Prescott, manager of ESG at Bouwinvest, and Paul Woods, director with the ESG and sustainability team at Arrow Global, delve into how investors are reacting to the evolving sustainability landscape. They challenge the practice of treating individual components of ESG as isolated categories, as well as the view that reporting is independent of investment outcomes. Their insights highlight how sustainability can supplement value-creation strategies throughout the lifecycle.

    The carbon question: Is real estate mispricing climate risk?

  2. Sep 4

    PERE Core 100: Marking a cyclical low for private real estate

    It is “Core Week” at PERE as we mark the release of our inaugural PERE Core 100 list of the industry’s top fundraisers for core and core-plus strategies globally with a range of accompanying interviews and analysis. The debut ranking found that the top 100 managers focused on real estate’s lowest risk-return profiles raised a combined $223 billion in aggregate capital for such strategies over the last five years. It is a useful benchmark against which future iterations of the PERE Core 100 will be measured, but that is not stopping us from gleaning some predictions about where the asset class is headed. In this episode, host Greg Dool chats with PERE editor-in-chief Jonathan Brasse and contributing reporter Kyle Campbell to break down the genesis of the Core 100, the research and methodology that went into it, and some of the biggest takeaways from the ranking’s first edition. We also sit down with Chad Tredway, global head of real estate at JPMorgan Asset Management – one of the top managers on the Core 100 list – for his take on where core and core-plus real estate sit in institutional portfolios and the types of factors that will drive investor appetite going forward.

  3. Aug 12

    Tristan Capital’s Ric Lewis: ‘The market’s a closed circle’

    With the real estate capital markets seemingly locked in a cyclical nadir, Europe-focused manager Tristan Capital Partners is forging ahead into what it expects to be a momentous period for its own real estate funds. The firm’s founder and executive chairman, Ric Lewis, is not taking that predicament lightly. “We’ve built high-quality assets, but there’s no market out there. It feels like you’re playing in a bubble and everyone feels the same way,” Lewis says. “There’s a lot of us very eager or anxious to move on – move our portfolios, move our business, move our capital raising on, but there’s no counterparty. Everyone lacks confidence.” In the eyes of Lewis – who founded Tristan in 2009 after previously launching its predecessor company, Curzon Global Partners, a decade earlier – the antidote to the private real estate’s multi-year malaise is what he calls “founder’s energy.” Even the most experienced managers, Lewis argues, need to adopt an entrepreneurial mindset at a time when the market demands change and innovation. In this episode, Lewis sits down with PERE editor-in-chief Jonathan Brasse to elaborate on that concept, as well as the thinking behind Tristan’s new and reimagined opportunity fund, as well as his views on leadership, Tristan’s evolution and its impact on the industry more broadly.

  4. Jul 28

    Fifth Wall’s Wallace: ‘SpaceX is the next iteration of real estate as an industry’

    Market watchers are closely tracking the rise and fall of SpaceX’s share price a month after the firm raised $75 billion in a historic initial public offering fueled by, among other things, the prospect of data centers built in space. But in the eyes of Fifth Wall’s Brendan Wallace, the event will have equally loud reverberations in the private markets – not just for what it could mean for digital infrastructure, but what it could mean for the way we think about commercial real estate more broadly. “I think SpaceX is actually very relevant,” says Wallace, chief executive and chief investment officer at the real estate and technology-focused venture firm. “I think it’s the next iteration of what real estate means as an industry, and I think it’s forcing the real estate industry to grapple with that existential question.” In this episode, Wallace sits down with PERE's editor-in-chief Jonathan Brasse to discuss the private real estate angle to SpaceX’s public-market splash as the basis for a broader discussion about real estate’s ongoing evolution as an institutional asset class, and where its next frontiers could be. Wallace also shares some of the rationale behind his firm’s latest and largest investment yet – a $135 million commitment to Atoms, the industrial robotics start-up that raised a $1.7 billion funding round last week – and why that, too, is really a real estate venture.

  5. Jul 15

    ‘A much more dynamic affair’: Inside PERE’s next chapter

    An exciting new era begins this week at PERE, and the latest episode of The PERE Podcast brings listeners inside our relaunch as an all-in-one intelligence platform covering the full breadth of the world’s private real estate capital markets. The award-winning editorial content, exclusive data and peer-to-peer network our members know and love are not going anywhere. Instead, we are combining our three specialized purviews across PERE, PERE Credit and PERE Deals into a single, integrated platform, including an upgraded, user-intuitive and customizable digital platform available at pei-privaterealestate.com. Listen as host Greg Dool sits down with editor-in-chief Jonathan Brasse and senior editor Evelyn Lee to preview some key features of the new platform. Also discussed is the market context behind this strategic move for PERE and how we hope it will help listeners, readers and members stay ahead of the competition. “Right now, private real estate professionals are looking for any edge they can have over the competition,” said Lee. “And we provide that edge through comprehensive information, cutting across various information silos.”

  6. Jun 18

    PERE Credit 100 launch arrives at an industry-wide inflection point

    The launch of the inaugural PERE Credit 100 ranking marks a defining moment for real estate private credit, reflecting both the sector’s sustained growth and its evolving role within institutional investor portfolios.   To mark the milestone, PERE Credit hosted a launch breakfast last week at New York’s One Vanderbilt, bringing together leading market participants from across the industry. Senior lending and investor relations professionals took part in a panel moderated by Daniel Cunningham, PERE Credit’s Europe editor.   On this episode of The PERE Podcast, host McKenna Leavens is joined by Cunningham and Samantha Rowan, editor of PERE Credit, to unpack the key takeaways from the event and explore where the private real estate credit market is heading next. Later in the episode, partner and head of real estate credit at KKR, Matt Salem, speaks to what he is hearing from his desk. The PERE Podcast has been granted permission to publish this exclusive excerpt from an off-the-record panel. The data underscores the sector’s momentum. The top 50 managers in the ranking raised $304.7 billion over the past five years, an 18 percent increase compared to the prior year’s cumulative total across the same base period. Yet, as Cunningham notes, the story behind the numbers is more complex than it first appears. While capital continues to flow into the sector broadly, real estate credit still lacks a clearly defined allocation within institutional portfolios, leaving it in a somewhat ambiguous position between asset classes like real estate equity and corporate credit.  Looking ahead, the opportunity set for real estate credit appears compelling, supported by reset valuations and a significant wave of refinancing activity. However, uncertainty around interest rates, regulatory pressures and broader technological disruption continues to cloud the outlook.  As PERE Credit expands its global footprint, the Credit 100 ranking offers a timely benchmark for a sector that is not only scaling, but still in the process of defining its role within the broader investment landscape.

  7. Jun 4

    Digital Realty CEO Andy Power: Private fundraising is 'critical to the success of our company'

    With digital transformation workflows already well engrained in data center demand, cloud computing needs growing by almost a third annually, and a world entering an era defined by artificial intelligence, Austin-based Digital Realty finds itself facing serious capital requirements. The world's biggest data center REIT by footprint, the firm is turning to private markets for a solution that can complement its already extensive use of public equity and debt markets. In the same month PERE broke news of the REIT’s plans to launch both open- and closed-ended private funds in each of the three major regions, CEO Andy Power spoke to The PERE Podcast about the thesis behind Digital Realty's plans amid the wider capital and opportunity context. Listen as Power speaks – in person – to PERE editor‑in‑chief Jonathan Brasse about the move and why private markets may be best positioned to support what the firm sees as an unprecedented wave of investment demand.

  8. May 19

    ‘A lot of unnecessary risk’: Lagging performance has managers’ losses under scrutiny

    The post-covid era and its historically challenged fund vintages have invited greater scrutiny of managers’ track records and particularly their willingness to accept risk. As investors consider allocating more capital into an anticipated market upswing, one metric is increasingly catching their attention. Loss ratios – in short, the percentage of a fund or manager’s deals that result in losses – have long been tracked as a simple way of assessing how much risk a firm typically takes on. But they are now rising in prominence as fund exits reveal just how widespread the losses have been over the last five years. This episode takes listeners inside this month’s PERE cover story on loss ratios and how investors and their consultants are using them to take a more nuanced view of fund and manager performance. Listen as host Greg Dool speaks with PERE editor Evelyn Lee to break down the numbers and how allocators are interpreting them. Joining the episode is Jeff Giller, head of StepStone Real Estate, who shares his perspective on loss ratios and how they relate to other key metrics.

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About

The PERE Podcast features a weekly discussion between members of our senior editorial team spanning formation, strategy and deployment, and regularly draws from the ongoing coverage of PERE, as well as affiliate titles PERE Credit and PERE Deals. We also occasionally host sponsored interviews providing analysis-led commentary about the biggest events in private real estate capital markets around the world. Visit perenews.com, peredeals.com and perecredit.com for more.

Information

  • Channel
    PEI Group
  • Creator
    PEI Group
  • Years Active
    2025 - 2026
  • Episodes
    92
  • Rating
    Clean
  • Copyright
    © Copyright 2025 All rights reserved.
  • Show Website
    The PERE Podcast

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