In this episode of Durable Value, Ryan discusses building resilient investment portfolios in unpredictable economic conditions. The discussion includes the impact of inflation and recession fears, key attributes of a resilient portfolio, the importance of geographic diversification, and strategies for weathering economic downturns.

00:00 Introduction

00:42 Economic Uncertainty: Inflation vs. Recession

01:34 Core Investment Foundations

02:29 Diversification for Stability

07:18 Debt Strategies for Resilient Investments

09:15 Controlling Assets in Downturns

In this episode of 'Durable Value', hosts Ryan Swehla and Joe Muratore talk about the psychology behind risk and reward, particularly in the context of real estate investing. They discuss topics such as loss aversion, market cycles, and balancing caution with optimism, providing valuable insights and practical advice for investors at any stage in their career.

00:00 Introduction

00:17 Human Psychology and Loss Aversion

04:45 Market Psychology and Real Estate Cycles

07:15 Balancing Caution and Optimism

09:06 Advice for Younger Investors

10:01 Advice for Older Investors

12:00 Sensitivity Analysis in Investing

13:08 Strategy Over Tactics

14:28 Conclusion

In this episode of Durable Value, Joe Muratore and Ryan Swehla talk about the intricacies of portfolio composition and the vital role diversification plays within it. They explore various aspects, from balancing risk and opportunity to the importance of geographic and asset-type diversification. Whether you're invested in industrial, multifamily, or both, learn how to strategically navigate your investments in secondary and tertiary markets.

00:00 Introduction

00:11 Importance of Diversification in Real Estate

00:55 Market Strategies and Deal Flow

01:24 Balancing Risk and Opportunity

02:59 Metrics for Portfolio Construction

04:09 Market Focus and Brand Building

05:44 Cash Flow vs. IRR

07:48 Heavy Lift vs. Light Lift Properties

08:55 Portfolio vs. Deal Construction

09:59 Macro and Micro Diversification

10:59 Proactive Market Engagement

12:02 Conclusion

In this episode of Durable Value, Joe and Ryan weigh in on the essential role of investment committees in making sound investment decisions. They discuss how investment committees serve as a system of checks and balances, ensuring alignment with overall objectives and providing a platform for objective critique and strategic approval. The conversation covers various topics, including the structure of their investment committee, the importance of experience, the dynamic nature of investment committees, and real-life scenarios illustrating their decision-making process.

00:00 Introduction

00:03 Role and Importance of Investment Committees

00:10 Functioning of Our Investment Committee

01:48 Team Experience and Responsibilities

03:04 Investment Committee Memo and Data Points

04:48 Dynamic Nature of Investment Committees

06:46 Pre-Flight Process and Strategic Conversations

09:00 Case Study: Evolving Deals

12:02 Final Thoughts

In this episode of Durable Value, Ryan Swehla sits down with Peter Finley, head of institutional capital markets at Graceada Partners. With his extensive background in real estate and capital markets, Peter shares invaluable insights from his days in the Navy to navigating market cycles on Wall Street. He discusses the evolution of institutional landscapes, his experiences during the S&L crisis, GFC, and more. We get a detailed look into the cyclical nature of the financial markets and timeless wisdom for upcoming capital raisers.


00:00 Introduction
00:27 Peter's Journey: From Navy to Goldman Sachs
01:01 Navigating Market Cycles and Layoffs
01:58 Transition to Private Equity
02:46 Raising Capital and UBS Experience
03:09 Lessons from the Great Financial Crisis
07:02 The Misuse of Leverage in Real Estate
08:54 Lessons from the Navy
11:09 Fundraising Challenges and Successes
16:57 Advice for Aspiring Capital Raisers
17:46 Conclusion

In this episode, from the 2024 investor day, Ryan talks about the why of Graceada partners. He talks about the foundational principles and history of Graceada Partners, exploring their conservative investment strategies, lessons learned from the Great Financial Crisis, and their focus on secondary and tertiary real estate markets in the Western U.S. He also highlights the firm's unique competitive advantages, risk mitigation measures, and the importance of conservative leverage in maintaining resilient and profitable investments.

00:00 Introduction
04:15 Company History and Founding
05:30 Early Challenges and Learning Experiences
08:02 Insights from Brokerage Business
09:37 Advantages of Secondary and Tertiary Markets
13:41 Market Opportunities and Competitive Advantages
16:30 Conclusion

In this episode of Durable Value, Ryan speaks with Jonathan Woloshin, Head of Real Estate Research for UBS Wealth Management's CIO Office. Jonathan shares insights on his role and expertise in the U.S. real estate market, from residential and commercial real estate to lodging, and discusses key trends and regulatory actions affecting the sector. The conversation touches on the historical context of real estate cycles, the challenges and opportunities in today's market, and investment strategies for different asset classes. Jonathan also shares his career on Wall Street and offers advice for young professionals entering the field.

00:00 Introduction
00:37 Role and Responsibilities at UBS
01:44 Journey to Real Estate Research
04:24 Lessons from Past Real Estate Cycles
06:22 Current Real Estate Market Analysis
19:18 Impact of Institutional Capital
24:25 Opportunities in Secondary and Tertiary Markets
30:01 Advice for Aspiring Analysts
31:58 Conclusion

In this episode of Durable Value, Joe interviews Ed Sprague Jr., the Director of Baseball Operations for the Oakland Athletics. They discuss Ed's impressive career, starting from his achievements in college baseball and the Olympics to his successful stint in Major League Baseball. Ed shares insights into what it takes to be a consistent winner and how losing can drive an athlete to perform better. They also talk about Ed's transition from being a player to a coach and later to an administrator. Ed elaborates on his experiences at the University of the Pacific, where he helped elevate the baseball program and oversaw major developments including fundraising for a new stadium. The conversation moves to Ed's current role with the Oakland A's, detailing his responsibilities in player development across various minor league teams. They talk about the innovative approaches the A's are taking, such as integrating biomechanics and analytics into player development. They conclude with Ed's reflections on the challenges faced by the Oakland A's in securing a new stadium and the potential relocation to Las Vegas. Ed offers valuable advice to young people and business professionals on the importance of hard work, learning from failures, surrounding oneself with a supportive network, and maintaining a shared vision to achieve success.

Timestamps:

00:00 Introduction and Guest Background

00:50 Ed Sprague's Winning Career

01:10 College and Olympic Baseball Journey

04:28 Professional Baseball Highlights

05:33 Transition to Coaching and Leadership

06:13 Building a College Baseball Program

09:38 Role with the Oakland A's

13:40 Innovations in Player Development

21:12 Future of the Oakland A's

23:37 Advice for Young People and Closing Remarks