Peter Kim's Recession Setup: Asset Classes To Watch

Host Chris Lopez sits down with Peter, an anesthesiologist who became an LP and then a GP, to unpack the career jolt that pushed him into real estate and the systems he built to bring more transparency and advocacy to LPs through Ascent Equity Group. Peter shares his first $5k crowdfunding check (and that unforgettable $47 distribution), lessons from launching in the tough 2021 vintage, and how his team handled rate/insurance shocks, lender work-outs, and communication when things got bumpy. We also dive into why he’s been using preferred equity in today’s market—including a 12.5–13.5% monthly-pay deal that returned capital in ~12 months and where he’s hunting now (hospitality, selective retail, and medical office) with a likely recession window following the Fed’s pivot.

Key Takeaways:

• From OR to LP to GP: how a broken partnership promise sparked a plan for autonomy and passive income
• Preferred equity in practice: monthly pay, collateralized position, and why it’s a “right now” tool—not forever
• 2021 lessons: short-term debt + fast-rising rates/insurance = humility, capital infusions, and relentless communication
• Macro setup: Fed pivot → typical recession lag (~10–11 months) → prepare capital/relationships for distressed opportunities
• What’s next: multifamily fundamentals (supply pause, sticky demand), selective hospitality/retail, and a special eye on medical office

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