Phil Bak, CEO of Armada ETFs, gives a masterclass on real estate investing. He covers the residential real estate space and introduces his solution to the problem investors have faced this year with private REIT strategies. Phil discusses his use of AI and machine learning in the REIT space and shares his most memorable investment. He also talks about changing market dynamics due to shifting Fed actions and lessons from investing in baseball cards.

Real estate funds expert Phil Bak discusses misconceptions about REITs, strategies for real estate investing, and dives deep into the controversy surrounding Blackstone's BREIT, including issues with elevated NAV, redemptions, and fake dividends. The discussion also touches on the logic of the BREIT structure, strategies to address the situation, and the importance of understanding the risks of private market real estate.