Trey Wheeler, Vice President of Investments at Tailwind Investment Group, shares his background and career trajectory in the real estate industry. He discusses the influence of his father, who was an investment banker, and the impact of the 2008 financial crisis. The conversation delves into the interconnectedness of the global economy and the implications for commercial real estate. Trey also provides insights into the current state of the multifamily market and predicts a focus on local markets and micro locations. The conversation explores the challenges and risks in the commercial real estate market, particularly in the multifamily sector. The discussion highlights the dangers of overpaying for properties and the impact of high leverage on property values. It also delves into the role of lenders and the potential for loan modifications. The conversation emphasizes the importance of reputation and caution when investing as a limited partner. It concludes with advice on personal growth, the power of words, and finding a career aligned with passion and goals.
Chapters
00:00 Introduction and Background
05:28 The Influence of Trey's Father
10:14 The Impact of the 2008 Financial Crisis
18:41 The Interconnectedness of the Global Economy
20:02 Challenges in the Chinese Commercial Real Estate Market
20:32 The Focus on Local Markets and Micro Locations
25:52 Stagnation in Commercial Real Estate Transactions
26:05 Opportunities in the Multifamily Market
27:25 The Dangers of Overpaying and High Leverage
29:43 The Role of Lenders and Loan Modifications
35:17 Caution and Evaluation as a Limited Partner
43:11 Personal Growth: Understanding Identity and Becoming
49:01 The Power of Words and Framing Identity
Remember Everything You Learn from Podcasts
