People Property Place #135 Jon Lurie - Founder of Realty Corporation
Jul 24, 2025
Jon Lurie, founder of Realty Corporation, is a seasoned expert in real estate investment, having previously managed billions at Goldman Sachs and Blackstone. He shares his journey from accidental landlord to launching his own firm. Lurie discusses navigating financial cycles and the necessity for conviction-led investment strategies rooted in thorough research. He also reflects on the change in real estate’s status within institutional portfolios and underscores the importance of adaptability in the evolving market. Plus, he muses on where he would invest £500m!
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Accidental Landlord at 18
- Jon Lurie became an accidental landlord at 18 inheriting a small office building from his grandfather.
- He learned to manage leases, taxes, and tenants himself and sold it to pay for university.
Surviving GFC at Goldman Sachs
- Jon experienced six months of market ups then three years of declines at Goldman during the GFC.
- He managed distressed assets, changed asset plans, and worked with lenders to recover equity value.
Building Blackstone's LogiCore Platform
- Jon co-founded Blackstone's European logistics platform, LogiCore, starting with just 50 assets.
- They focused on simple, versatile warehouses and early investment in Amazon's UK warehouse in 2012.