Real Estate Capital
Real Estate Capital features candid, one-on-one conversations with influential figures in commercial real estate. Hosted by Nancy Lashine, Founder of Park Madison Partners, the show focuses on real estate investment and capital formation. Listeners gain in-depth perspectives from respected decision makers in the institutional real estate community, learning about successful transactions, investment philosophies, and innovative business strategies.
Episodes
Alicia Glen | MSquared's Founder and Managing Principal
Alicia Glen of MSquared explains how she structured capital stacks and self-funded a platform to scale past founder dependency.
Alicia Glen, Founder and Managing Principal of MSquared, returns to catch Nancy Lashine up on her progress building one of real estate's most ambitious affordable housing platforms. Since their conversation in 2024, MSquared has grown to 14 projects across nine states, b
Larissa Herczeg | 1 Seed Partners' Founder and Managing Partner
Larissa Herczeg breaks down GP stakes, seeding strategy and building durable real estate partnerships.
Larissa Herczeg, Founder and Managing Partner of 1 Seed Partners, joins Nancy Lashine to trace her path from corporate law to building one of real estate's leading GP seeding platforms.
Larissa walks through how her firm structures deals, preferring revenue participation over full ownership, an
Dennis Lopez | QuadReal Property Group’s CEO
Dennis Lopez, CEO of QuadReal Property Group, discusses platform investing and Quadreal's broader investment strategy.
Seeking markets with long-term demand, like data centers and affordable housing, is one of the main ways QuadReal has increased its success during Dennis’ tenure. However, Dennis shares there is a major challenge to supply in a high-demand market, like data centers, right now:
[
Christopher Merrill | Harrison Street Asset Management's Co-Founder & Global CEO
Christopher Merrill shares the strategy that scaled Harrison Street to $109 billion in assets under management.
Christopher Merrill, co-founder and global CEO of Harrison Street Asset Management, joins Nancy Lashine to discuss building one of the world’s largest alternative asset investment firms.
Since founding Harrison Street in 2005, Chris has helped grow the firm to $109 billion in ass
Katie Grissom | Nuveen Real Estate’s Global Head of Retail
Katie Grissom of Nuveen discusses the retail resurgence and how retailer relationships shape investment decisions.
Katie Grissom, Nuveen’s Global Head of Retail, joins Nancy Lashine to discuss the evolution of institutional retail investing. Katie oversees more than $20 billion in retail assets across the U.S., Europe and Asia, and retailer relationships sit at the center of every investment deci
Michelle Kleger | Kensington Vanguard's Managing Director of Business Development
Kensington Vanguard’s Michelle Kleger shares how relationships, consistency and follow-through fuel successful careers in real estate.
Michelle Kleger is an expert relationship-builder.
She joins Nancy Lashine in this episode to share her unconventional path from hospitality into real estate and practical advice on mentorship, follow-up and building a long-term career.
Michelle works in busines
2026 Midyear Outlook | Park Madison Partners Executive Committee
Park Madison’s executive committee revisits its 2026 predictions and examines the trends shaping real estate for the rest of the year.
Park Madison’s executive committee, Rob Kohn, Carrie Coulson, Jack Koch, Brian Di Salvo and John Sweeney, joins Nancy Lashine for a mid-year assessment of the firm's 2026 Outlook. The group examines which themes have played out as expected, where market conditions
Brendan Wallace | Fifth Wall’s Co-Founder, CEO and CIO
Brendan Wallace discusses how AI is reshaping real estate, venture capital and the future of PropTech.
Brendan Wallace joins Nancy Lashine to discuss how generative and agentic AI are fundamentally changing the real estate industry for investors, operators and PropTech companies.
The conversation explores why traditional “point solution” software is no longer enough for real estate firms trying
Brian Feldman | Compass Datacenters’ Vice President of Development
Brian Feldman, Compass Datacenters’ Vice President of Development, discusses data center development, power procurement, and the future of digital infrastructure.
Brian shares how unexpected opportunities early in his career led him to work with data centers. After graduating from Columbia’s business school, he joined Amazon Web Services’ (AWS) long-range planning team. At AWS, Brian was responsi
Daniel McGill | Corporate Development & Infrastructure at Joby Aviation
Daniel McGill of Joby Aviation shares how electric air transit and vertiports could reshape real estate value and development.
Daniel McGill of Joby Aviation joins Nancy Lashine to explore how electric vertical takeoff and landing (eVTOL) aircraft could reshape the built environment.
With a background spanning Hines, Apple and institutional real estate, Daniel brings a practical lens to what it
Anthony Scaramucci | Founder of SkyBridge Capital & SALT
Anthony Scaramucci, founder of SkyBridge and SALT, speaks on resilience, manager selection and what tokenization could mean for real estate.
Anthony Scaramucci, founder of SkyBridge and SALT, reflects on the early lessons in resilience he learned from his parents. They worked as a makeup artist and a laborer and instilled in him a strong work ethic and a love of people.
He shares that his high s
Sonny Kalsi | BGO’s Co-CEO and Sun Life Capital Management’s President and CEO
Sonny Kalsi, BGO’s Co-CEO and SLC Management’s President and CEO, discusses his real estate investment philosophy, building relationships and the biggest challenge of his career.
Sonny shares pivotal moments following his 2009 departure from Morgan Stanley that enabled him to build and scale GreenOak.
[00:11:00] “Honestly, my friends and my colleagues from Morgan Stanley rallying to me, my frie
Laurent Grill | Partner at JLL Spark
Laurent Grill, JLL Spark’s Partner and Managing Member, shares how founder experience shapes venture investing and where AI is transforming real estate.
Laurent Grill, JLL Spark’s Partner and Managing Member, joins Nancy Lashine to explore how a founder-first mindset is shaping venture capital in real estate technology.
Laurent is unique in the proptech space. He’s been a founder multiple time
Moran Cerf | Neuroscientist and AI Consultant
Moran Cerf, neuroscientist and AI Consultant, joins Nancy Lashine to explore how brain science and AI are transforming business, leadership, and investing.
Drawing from research on real-time decision making, Moran explains that the brain has no universal formula for optimal performance. Instead, each person operates best under different conditions. The key, he argues, is understanding how decisio
Diego López | Global SWF’s Founder & Managing Director
Diego López explains how sovereign wealth funds invest, why real estate remains core, and where global capital is deploying today.
Diego López, Global Sovereign Wealth Fund’s (SFW) Founder and Managing Director, explains how sovereign wealth funds deploy capital and what their strategies signal for real estate investors. With insight into roughly $15 trillion in sovereign assets, Diego shares how
John Atwater | Prime Finance’s Co-Founder and Managing Partner
John Atwater, Prime Finance’s Co-Founder and Managing Partner, explains how credit platforms create yield, leverage, and compete through tech and scale.
John Atwater, Prime Finance’s Co-Founder and Managing Partner, shares how he built one of the most established platforms in real estate private credit.
He explains why real estate debt looks compelling in today’s environment, particularly for
Jennifer Wenzel | Director at Teacher Retirement System of Texas
Jennifer Wenzel, Director at Teacher Retirement System of Texas, talks alpha-generation, partnership, and strategy through unpredictable cycles.
Jennifer Wenzel, TRS (Teacher Retirement System) of Texas’ Director, shares how pension investors approach real estate across cycles, geographies, and structures. Texas TRS is one of the largest and most influential pension investors. In the 16 years tha
Ryan Cotton | Bain Capital’s Partner and Head of Real Estate
Ryan Cotton, Bain Capital’s Partner and Head of Real Estate, explains how thematic investing, alignment and curiosity create durable real estate strategy.
Ryan Cotton, Bain Capital’s Partner and Head of Real Estate, shares how a “why-first” mindset can help investors avoid cyclical traps and identify durable real estate themes.
Ryan shares that his unconventional path to real estate has given
2026 Outlook | Park Madison Partners Executive Committee
Park Madison’s executive committee shares what investors can expect in 2026, where capital is flowing and how higher interest rates are reshaping strategy.
Park Madison’s executive committee—Rob Kohn, Carrie Coulson Naik, Jack Koch, Brian Di Salvo, and John Sweeney—joins Nancy Lashine to break down the firm’s 2026 Outlook and what it signals for real estate investors navigating a slower, more dis
December 2025 Round-up | Real Estate Capital
Nancy Lashine highlights memorable moments from the second half of Season 3 and offers a preview of the powerhouse guests shaping the future of Real Estate Capital.
Drew Murphy | Berkshire Global Advisors’ Head of Private Markets Advisory
Drew Murphy of Berkshire Global Advisors shares how to attain lasting success in private real estate by balancing capital, people, and purpose.
Drew Murphy, head of Private Markets Advisory at Berkshire Global Advisors, sits at the center of real estate’s transformation—from entrepreneurial fund managers to institutional platforms.
Named by PERE as one of the 100 most influential people in priv
Tom Gilbane | Rockpoint’s Co-President
Tom Gilbane, Co-President of Rockpoint, shares lessons from three decades of private equity—handshakes, home court advantage, and hard work.
Tom Gilbane, Co-President of Rockpoint, reflects on a career that traces the evolution of modern real estate private equity—from Merrill Lynch and Westbrook Partners to building Rockpoint into one of today’s leading mid-market firms.
Born into a family with
Darcy Stacom | StacomSilverstein’s Co-CEO
Darcy Stacom, legendary New York City dealmaker and “Skyscraper Queen,” reflects on her 40-year career, $150B in sales, and launching StacomSilverstein.
Darcy Stacom, one of the most recognized names in commercial real estate, shares lessons from her remarkable 40+ year career. Known as New York City’s “Skyscraper Queen,” Darcy has closed over $150 billion in transactions, including the GM Buildi
Diane Hoskins | Gensler’s Global Co-Chair
Diane Hoskins, Gensler’s Global Co-Chair, discusses the value of collaboration and why design can be the most powerful tool for shaping a better future.
Diane Hoskins, Global Co-Chair of global design firm Gensler, shares insights from leading a team of over 6,000 professionals across 53 offices worldwide—and why she believes intentional, collaborative design can be the most powerful tool for sha
August 2025 Round-up | Real Estate Capital
Nancy Lashine recaps standout moments so far this year from Season 3 and previews powerhouse guests shaping the future of Real Estate Capital.
Gunnar Branson | AFIRE’s CEO
Gunnar Branson, AFIRE’s CEO, explores the evolution of real estate, capital flows, and the power of emotional intelligence.
Devon Olson | Utah Retirement System’s Former Director of Real Estate
Devon Olson, former Director of Real Estate at Utah Retirement Systems, shares his successes and lessons learned over his 40-year tenure at Utah Retirement Systems.
Brad Briner | North Carolina State Treasurer
Brad Briner, State Treasurer of North Carolina, discusses investment leadership, public finance reform, and real estate strategy in the public sector.
Sara Queen | MetLife Investment Management’s Head of Real Estate Equity
Sara Queen, Managing Director and Head of Real Estate Equity at MetLife Investment Management, dives into leadership and value creation.
Keith Breslauer | Patron Capital Partners' Founder
Keith Breslauer, founder and managing partner at Patron Capital, shares how he built one of Europe’s leading real estate firms from the ground up.
Greg Lauze | NorthBridge Partners’ Managing Partner
Greg Lauze, Managing Partner at NorthBridge Partners, discusses the evolving opportunity set in industrial real estate and the growth of NorthBridge as an institutional manager.
Dennis Lopez | QuadReal Property Group’s CEO
Dennis Lopez, CEO of QuadReal Property Group, discusses platform investing and Quadreal's broader investment strategy
Anthony Frammartino | The Townsend Group's CEO and Chairman
Anthony Frammartino, CEO and Chairman of The Townsend Group, discusses Townsend’s role in the real estate investment management ecosystem and themes investors should be targeting in 2025.
Alan Zafran | IEQ Capital’s Founder
Alan Zafran, Founder of IEQ Capital, discusses the role of real estate in clients' portfolios and where to find the most interesting opportunities.
Alisa Mall | DFO Management’s CIO
Alisa Mall, CIO of DFO Management, discusses her career and underscores the value of resilience and adaptability when building portfolios.
Roy March | Eastdil Secured’s CEO
Roy March, CEO of Eastdil Secured, reflects on his 46-year journey, Eastdil’s legacy, and the outlook for real estate capital markets in 2025.
Jodie McLean | Edens’ CEO
Jodie McLean, CEO of Edens, discusses her journey in retail development, Edens' vision, and the role of community in modern retail.
Michael Levy | CEO of Crow Holdings
Michael Levy, CEO of Crow Holdings, shares insights from his career in real estate investment and leadership.
Heather Fernstrom Border | Alliance Global Advisors’ Co-Founder and Managing Partner
Heather Fernstrom Border, co-founder and managing partner at Alliance Global Advisors, discusses her professional journey in real estate investment management.
Kim Hourihan | CBRE’s Chief Investment Officer
Kim Hourihan, Chief Investment Officer at CBRE Investment Management, discusses the innovative approaches of one of the leading global real estate firms.
Robin Zeigler | Founder and CEO of MURAL Real Estate Partners
Robin Zeigler, founder and CEO of MURAL Real Estate Partners, shares her journey in revitalizing underserved communities through mixed-use developments.
Peter Ballon | CPP Investment Board’s former Head of Real Estate
Peter Ballon, former Head of Real Estate at CPP Investment Board, discusses the growth of CPPIB’s real estate portfolio during his 17-year tenure.
Laura Rapaport | North Bridge’s CEO
Laura Rapaport, CEO of North Bridge, breaks down how CPACE financing can transform the way you fund sustainable real estate projects.
Scott Malpass | Grafton Street Partners’ Managing Partner
Scott Malpass, co-founder and managing partner of Grafton Street Partners, unpacks his incredible journey managing a multi-billion-dollar endowment.
MaryAnne Gilmartin | MAG Partners’ CEO
MaryAnne Gilmartin, founder and CEO of MAG Partners, reveals her inspiring ascent from Rockaway, Queens, to the forefront of real estate development.
Brandon Sedloff | Juniper Square’s Chief Real Estate Officer
Brandon Sedloff, Chief Real Estate Officer at Juniper Square, offers incredible insights into the impact of technology in real estate investment management.
Malcolm Johnson | Langdon Park Capital’s CEO
Malcolm Johnson, CEO of Langdon Park Capital, shares his journey from NFL athlete to becoming a business leader dedicated to affordable housing.
Sean Burton | CityView’s CEO
Sean Burton, CEO of CityView, recounts his extraordinary path from the Clinton White House to mastering the real estate investment landscape.
Chris Green | GreenPoint Partners’ Founder and CEO
Chris Green, founder and CEO of GreenPoint Partners, recounts his remarkable journey from growing up in rural Australia to being at the forefront of real estate and technology investing.
Alicia Glen | MSquared’s Founder & Managing Principal
Alicia Glen, founder of MSquared and former Deputy Mayor of New York City, shares her insights on reshaping cities and creating inclusive communities.
Stephanie Bensimon | Ardian’s Head of Real Estate
Stephanie Bensimon, head of real estate at Ardian, shares how her family's values steered her through a transition from finance to real estate.
Mary Ludgin | Heitman's Senior Advisor
Mary Ludgin, senior advisor at Heitman, shares a wealth of knowledge based on her life-long career in urban revitalization and development.
Yvonne Nelson | NYC Office of the Comptroller Retired Head of Real Estate
Yvonne Nelson, former Head of Real Estate of NYC Office of the Comptroller, reflects on her experience and career in a predominantly male industry.
Real Estate Capital Season 2: COMING SOON!
Capital is the lifeblood of the real estate industry, but the decisions on where and how it's allocated are driven by people and personalities. On this show, we introduce you to some of those people and personalities. Our conversations touch not only on what these people do, but also details about who they are, what motivates them, how they make investment decisions, and which events and experienc
Chris Powers & Jason Baxter | Fort Capital Founder and CEO & President
Chris Powers (Founder) and Jason Baxter (CEO & President) of Fort Capital discuss the focus on specialization in investments and how to use data to develop your team.
Catherine Marcus | PGIM’s Global Chief Operating Officer and Head of U.S. Equity Business
Catherine Marcus, Global Chief Operating Officer and Head of U.S. Equity Business at PGIM, discusses diversifying a career in real estate, gender dynamics in business, and investment strategy.
Jeff Giller | StepStone’s Head of Real Estate
Jeff Giller, Head of StepStone Real Estate, breaks down the entrepreneurial side of real estate portfolio management and how partnerships lead to success.
Neha Palmer | TeraWatt Infrastructure's CEO
Neha Palmer, CEO at TeraWatt Infrastructure, breaks down the real estate utility and operating components of the electric vehicle charging business.
David Brickman | NewPoint Real Estate Capital’s CEO
David Brickman, the CEO of NewPoint Real Estate Capital, discusses debt financing strategies for multi-family real estate and mortgage-backed securities.
Bob Sessa | Employees Retirement System of Texas’ Head of Real Estate
Bob Sessa, Head of Real Estate at the Employees Retirement System of Texas, discusses real estate portfolios and the power of long-term vision. [Re-Release]
Craig Husting | PSRS of Missouri’s Chief Investment Officer
Craig Husting, the Chief Investment Officer of PSRS in Missouri, breaks down governance processes and portfolio management within alternative investments.
Paul Mouchakkaa | AIMCo’s Executive Managing Director and Head of Real Estate
Paul Mouchakkaa, AIMCo’s Executive Managing Director and Head of Real Estate, explains the unique sectors and industry relationships of the US and Canada.
Ronald Dickerman | Madison International Realty’s Founder and President
Ronald Dickerman, founder and president of Madison International Realty, discusses the weight of relationships in private equity and foreign markets.
Kate Richard | Founder and CEO at Warwick Investment Group
Kate Richard, founder and CEO of Warwick Investment Group, reveals the influence of relationships on building a business and how to manage market risks.
Ed Lerum | Norges Bank Investment Mangement’s Head of Global Real Estate
Ed Lerum, Head of Global Real Estate at Norge Bank Investment, talks about building a forward-thinking career and how diversification supports forecasting.
Jen Stevens | Alliance Global Advisors’ Co-Founder and Managing Partner
Jen Stevens, Alliance Global Advisors’ Co-Founder and Managing Partner, discusses ESG investing and how it’s shaping the future of the real estate world.
Cobie Packard | MSD’s Partner & Head of Real Estate
Cobie Packard, MSD’s Partner & Head of Real Estate, discusses investing in real estate in both good and challenging times. (Re-Broadcast)
Mike DiRe | CalSTRS Director of Real Estate
Mike DiRe, the Director of Real Estate for CalSTRS, discusses how to build a portfolio and relationship in real estate through the collaborative model and the shift towards making investors nimble.
Adam Gallistel | GIC’s Head of Americas, Real Estate
Adam Gallistel, GIC’s Head of Americas, Real Estate, discusses approaching risks and challenges in real estate investing.
Taylor Mammen | RCLCO Fund Advisors’ CEO
Taylor Mammen, RCLCO Fund Advisors’ CEO, discusses investment strategies and building an institutional real estate business.
Hilary Spann | CPP Investments’ Former Managing Director and Head of Americas
Hilary Spann, former Managing Director and Head of Americas for CPP Investments, discusses acquisitions, selling, and Covid-19. (Re-Release)
Glenn Rufrano | ICSC’s Chairman
Glenn Rufrano, the Chairman of ICSC, discusses running successful real estate investment businesses and keeping the businesses healthy.
Christina Scarlato | World Bank Pension Fund's Senior Portfolio Manager of Real Assets
Christina Scarlato, Senior Portfolio Manager of Real Assets for the World Bank Pension Fund, discusses real estate investments and portfolios.
Peter Braffman | Grosvenor Capital Management's Managing Director of Real Estate Investments
Peter Braffman, Managing Director of Real Estate Investments at Grosvenor Capital Management, discusses building investment firms and emerging managers. (Re-Release)
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