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Show Notes

(00:03:32) (First question) - Real estate investing through the lens of the capital cycle

(00:06:50) - The capital cycle in practice

(00:12:07) - Using evaluation of supply to determine where you are in a capital cycle

(00:13:16) - Why real estate drew Mike in

(00:15:35) - The quality of investors in real estate

(00:16:41) - What the US market needs most

(00:20:26) - The range of returns in real estate

(00:23:01) - Insights that stand out

(00:26:45) - Starting a new company vs. building a portfolio of assets

(00:28:46) - Key trade-offs and choices when building a firm

(00:31:10) - Where things go wrong

(00:33:59) - Best investment decision he ever made

(00:38:06) - Philosophy on CapEx

(00:39:52) - Misconceptions about real estate investing

(00:41:31) - Cold storage real estate

(00:43:13) - The most interesting corners of the real estate market

(00:46:13) - AI and its impact on the future

(00:48:30) - Common investor missteps

(00:50:51) - Three guests Mike would invite to a dinner party

(00:52:34) - The most impactful questions to ask a real estate investor

(00:53:17) - A defining moment of his career

(00:53:17) - The premise of the platform approach

(00:56:20) - Possible opportunities and an understanding of the current landscape

(01:03:38) - Lessons Mike learned from basketball coach John Wooden’s philosophies

(01:04:30) - The kindest thing anyone has ever done for him