POWERS #395 - Scott Arnoldy - Founder & CEO @ Triten RE Partners - Scaling to $1.5B+ Across Multiple Cycles and Asset Classes
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Sep 30, 2025 Scott Arnoldy, Founder and CEO of Triten RE Partners, shares insights from building a multi-vertical investment firm with ~$2B in volume. He discusses lessons from the 2008 financial crisis and how they shaped his risk mindset. Scott highlights the shift from opportunistic projects to scalable business structures, emphasizing the importance of storytelling in capital raising. He explores opportunities in industrial outdoor storage and multifamily markets amid current economic uncertainties, providing a compelling perspective on navigating today's real estate landscape.
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Early Career At Goldman During The Boom
- Scott Arnoldy began at Goldman in 2005 and got a front-row seat to the 2007 CMBS frenzy and high-leverage deals. He recalls closing a $1.2B acquisition with 92% financing and feeling that level of leverage was risky.
Workout Account Lessons From The GFC
- At Stockbridge Scott worked on a large workout account after the GFC and managed 22 troubled JV deals for a pension client. He learned that partner behavior mattered more than documents and that many disputes required renegotiation or litigation.
Air Rights Purchase That Became Worthless
- Scott recounts buying $120M of air rights for an entitlement to build over a freeway which collapsed in value after 2008. The city and economics changed and the entitlement spending became unrecoverable.
