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Artwork for No Cap by CRE Daily

No Cap by CRE Daily

CRE Daily
Commercial Real Estate
Real Estate
New York City
Multifamily Housing
Affordable Housing
Senior Housing
Investment Strategies
Multifamily
Private Credit
Real Estate Development
Self-Storage
Hospitality
Dallas
Demographics
Office Space
Multifamily Investing
Private Equity
Artificial Intelligence
Adaptive Reuse
Data Centers

Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and ent... more

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Artwork for No Cap by CRE Daily

Latest Episodes

Season 9, Episode 6:

Todd Henderson has invested through five real estate cycles, and he thinks the one we're leaving set up the healthiest recovery he's seen.

Henderson is Head of Real Estate for the Americas at DWS, Deutsche Bank's asset manageme... more

Season 9, Episode 5:

Sean Hehir has spent nearly three decades turning Trinity Investments into a specialist hospitality investor, and he joins the show to explain why his firm only buys resorts it considers truly irreplaceable.

Hehir grew up in Bo... more

Small bay industrial has quietly become one of the most resilient corners of commercial real estate, and Anthony Scavo has built his entire business around it. As President and Managing Partner of Basis Industrial, he's grown the firm from three empl... more

Season 9, Episode 3:

America is about 10 million homes short, and Bart Mitchell has spent more than three decades trying to close that gap. As President and CEO of The Community Builders, one of the country's largest nonprofit affordable-housing de... more

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Recent Guests

Anthony Scavo
Founder/CEO of Basis (Basis properties focused on Small Bay Industrial)
Basis
Episode: Small Bay, Big Potential: Commercial Real Estate’s Most Resilient Asset Class w/ Anthony Scavo
Bart Mitchell
President and CEO of The Community Builders
The Community Builders
Episode: Inside Affordable Housing's Biggest Tax Credit, With Bart Mitchell of The Community Builders
Ray Lawler
Head of the Americas at Hines
Hines
Episode: Hines' Ray Lawler: 'Don't Pray For Cap Rate Compression'
Jared Fleisher
CEO of Bedrock, real estate development executive
Bedrock
Episode: From Bankruptcy to Renaissance: Bedrock's $1B Plan for Detroit w/ Jared Fleisher
Jim Corl
Executive Vice President and Head of Private Real Estate at Cohen & Steers
Cohen & Steers
Episode: Where REITs and Private Real Estate Meet: Inside Cohen & Steers' $94B Strategy
Josh Zegen
Co-founder and managing principal of Madison Realty Capital
Madison Realty Capital
Episode: Private Credit Pioneer: How Josh Zegen Built the Debt Frontier with Madison Realty Capital
Soultana Reigle
Managing Director and Head of US Equity at PGIM Real Estate Investment Group
PGIM Real Estate Investment Group
Episode: PGIM's Sharpshooter Approach to $60B in US Real Estate w/ Soultana Reigle
Fernando De Leon
Founder and CEO, Leon Capital Group
Leon Capital Group
Episode: Fernando De Leon on His Roots, His Rise, and Building a $3B Empire
Eli Edwards
Managing Director at Fortress Investment Group; Head of US Real Estate Equity
Fortress Investment Group
Episode: The Silver Tsunami, Senior Housing, and Managing $55B at Fortress w/ Eli Edwards

Hosts

Jack Stone
Host with CRE Daily affiliation; frequent discussions on market trends, deal strategy, and capital markets.
Alex Gornik
Co-host providing market context, deal flow insights, and guest coordination.

Reviews

4.8 out of 5 stars from 103 ratings
  • Stop interrupting guests

    Great pod with very knowledgeable people but for the love of god the hosts need to learn to stop interrupting their guests. It creates such whiplash for the listener that it would only be enjoyable if you were extremely ADD or hopped up on adderall. Sad!

    Apple Podcasts
    3
    John burns 123
    United States5 months ago
  • Such a great podcast!

    Entertaining and informative. It’s the perfect show for anyone in commercial real estate.

    Apple Podcasts
    5
    Pattycakecre
    United States5 months ago
  • Best podcast on CRE!!

    Actionable insight that will actually spark your interest, Jack and Alex keep your attention for the full show & waiting for next weeks to come out.

    Apple Podcasts
    5
    FreshDesignGroup
    United States5 months ago
  • i LOVE this podcast

    As a young professional coming into the industry this podcast has been a great resource to hear established CRE professionals have high level conversations about various topics in the industry. I always have great takeaways from every episode.

    Apple Podcasts
    5
    Zanderschmidt
    United States5 months ago
  • Must listen show!

    Jack and Alex do an incredible job going deep into A list investors’ background and perspective giving tremendous insight.

    Apple Podcasts
    5
    #jamesnelsonnyc
    United States8 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

People appreciate actionable CRE insights and data-backed discussions.
Listeners praise the credibility and depth of guests.
Hosts' banter and guest diversity are frequently highlighted as strengths.
Content is considered highly informative for professionals in CRE and investing.

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Talking Points

Recent interactions between the hosts and their guests.

Small Bay, Big Potential: Commercial Real Estate’s Most Resilient Asset Class w/ Anthony Scavo
Q: What makes Small Bay attractive compared to traditional asset classes?
Small Bay sits between multifamily and larger industrial; it offers stickier tenants, potential for positive leverage day one, and addresses gaps where tenancy is driven by local needs and services, making it more resilient in downturns.
Small Bay, Big Potential: Commercial Real Estate’s Most Resilient Asset Class w/ Anthony Scavo
Q: What led you to Basis and how did you shift from self-storage into Small Bay Industrial?
The move came through a recruiter who saw potential in running development for a South Florida-based company; I joined to build self-storage initially and then helped pivot into Small Bay as we realized the efficiency and resilience of multi-tenant industrial spaces.
Small Bay, Big Potential: Commercial Real Estate’s Most Resilient Asset Class w/ Anthony Scavo
Q: Can you give us a little bit about your background and how you ended up getting into the business?
I grew up in Brooklyn and started at Lefrak, moving through construction and development, then transitioned to Red Apple before joining Basis to lead self-storage development and eventually focus on Small Bay Industrial.
Trinity Investments CEO on Buying Hotels Nobody Else Can Build
Q: What was the strategy behind the Diplomat acquisition in Hollywood, Florida?
They executed a complex purchase during the COVID era, leveraging relationships with Brookfield, KSL, and Hilton to assume existing debt and implement a comprehensive renovation to reposition as a high-end, brand-driven property.
Trinity Investments CEO on Buying Hotels Nobody Else Can Build
Q: How does Trinity decide between big-brand flags and independent luxury properties?
They balance brand strength with operator quality, focusing on brand-managed, irreplaceable assets and leveraging relationships with major operators like Hilton and Marriott to drive premium experiences and group demand.

Audience Metrics

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Frequently Asked Questions About No Cap by CRE Daily

What is No Cap by CRE Daily about and what kind of topics does it cover?

Insightful conversations with senior CRE leaders, operators, and investors that unpack market cycles, capital structures, and operational strategies across multifamily, retail, logistics, and specialized sectors. Episodes frequently center on capital markets dynamics, deal structuring, and the evolving role of technology in CRE, with a strong emphasis on macro trends like rate environments, supply-demand imbalances, and regional market bets (notably Sun Belt and gateway cities). A notable strength is the hosts' ability to translate complex finance concepts into practical takeaways for professionals looking to source deals, deploy capital, or understand operator perspectives during cycles. The format often blends battle-tested anecdotes with... more

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Which podcasts are similar to No Cap by CRE Daily?

These podcasts share a similar audience with No Cap by CRE Daily:

1. The TreppWire Podcast: A Commercial Real Estate Show
2. The Rent Roll with Jay Parsons
3. The Promote Podcast
4. The Weekly Take from CBRE
5. The Walker Webcast

How many episodes of No Cap by CRE Daily are there?

No Cap by CRE Daily launched 2 years ago and published 84 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on No Cap by CRE Daily?

Recent guests on No Cap by CRE Daily include:

1. Anthony Scavo
2. Bart Mitchell
3. Ray Lawler
4. Jared Fleisher
5. Jim Corl
6. Josh Zegen
7. Soultana Reigle
8. Fernando De Leon

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