In this episode of the InsuranceAUM.com podcast, Stewart Foley, CFA, sits down with Doug Lyons and Steve Quazzo, two Chicago-based experts in commercial real estate (CRE) from Pearlmark. Doug, Managing Principal responsible for capital markets and debt investment activities, and Steve, Co-Founder and CEO, share their extensive experience in the real estate sector, including their time working with the legendary Sam Zell. The conversation delves into the challenges and opportunities in today's CRE market, particularly focusing on the office sector's struggles, the impact of rising interest rates, and the broader implications for different real estate asset classes.

Doug and Steve also discuss their recent transaction with Conning, highlighting the natural fit between insurance companies and real estate investments. They provide valuable insights into how insurers can navigate the current CRE landscape, whether they're seeking stable current income or looking to be opportunistic in a market ripe with potential. This episode offers a deep dive into the strategic considerations for investing in CRE during these uncertain times.