What exactly is a REIT and why does Wall Street love them?
In this exclusive episode of The Wealth Clock with Steven Weinstock, we sit down with Professor Jonathan Morris—a REIT industry veteran who has served as Chief Investment Officer, CEO, and board member for legendary real estate companies like Boston Properties and Charles E. Smith Residential. With over $4 billion in real estate transactions under his belt, Jonathan breaks down the mechanics of public REITs, the rise of the UpREIT structure, and the exact moment that changed commercial real estate forever.
You’ll also hear the inside story of Sam Zell, the RTC crisis, and how REITs like Equity Residential, Equity Office, and Public Storage changed the real estate game forever.
🎯 Topics Covered:
• What is a REIT in plain English
• Public REITs vs Private REITs vs Private Equity
• How Sam Zell used the RTC crisis to build an empire
• Why public REITs avoid mixed asset classes
• How Regulation A and Regulation A+ open the door to small REITs
• Why public companies prefer 20–30 percent leverage
• The role of FFO, AFFO, and why NOI and IRR don’t matter
• How the “ATM” (At-The-Market) tool changed capital raising
• What REIT analysts look for—and why structure matters
• How REIT Academy is filling the education gap in commercial real estate
📈 If you're a real estate investor, syndicator, fund manager, or even a passive LP, this episode is a must-listen.
🔗 Learn more at https://www.reitacademy.com
Follow Jonathan On LinkedIn https://www.linkedin.com/in/jonathan-morris-7b063314/
🎧 Listen to more episodes of The Wealth Clock with Steven Weinstock wherever you get your podcasts.
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🎙 About Steven Weinstock
Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market.
📩 Want to invest or get in touch?
Visit: www.WeCapitalX.com
📱 Connect with Steven:
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YouTube: https://www.youtube.com/@TheWealthClockPodcast