Tag: Financial Planning
Wealth Management Invest: Unpacking Hightower’s Approach to Private Markets with Robert Picard

Wealth Management Invest: Unpacking Hightower’s Approach to Private Markets with Robert Picard

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In this episode of the Wealth Management Invest Podcast, host David Bodamer sits down with Robert Picard, managing director and head of alternative investments at Hightower, to unravel the shifting dynamics of private markets and their role in contemporary investment portfolios. With over 34 years of experience, Robert shares insights into why billionaires and university endowments diverge from the traditional 60/40 allocation model and how individual investors can replicate their success in private markets. 

David and Robert discuss:

  • The evolution of private market access for individual investors
  • The strategic role of a 20% private market allocation
  • The emergence of private credit as a popular asset class
  • The rise of evergreen funds and their democratizing effect on access to alternative investments
  • And more

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About Our Guest:

Robert Picard led the creation of the Alternative Investment Platform at Hightower while curating investment opportunities through research and due diligence. Prior to joining Hightower, he was instrumental in building four multi-billion dollar alternative investment platforms at The Carlyle Group/Rock Creek, Optima Fund Management, RBC Capital Markets, and State Street/InfraHedge. Most recently, Mr. Picard served as the Head of Alternative Investments at First Republic Private Wealth Management.
Episode 71: A Look at the First Quarter Commercial Real Estate Investment Numbers with Darin Mellott

Episode 71: A Look at the First Quarter Commercial Real Estate Investment Numbers with Darin Mellott

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After a record breaking fourth quarter in 2021, the momentum continued into the first quarter of 2022 with a 45 percent year-over-year increase in U.S. commercial real estate investment volume. What has influenced these numbers and what does the rest of the year look like?

In this episode, David Bodamer is joined by Darin Mellott, Senior Director of Capital Markets Research at CBRE, in sharing key highlights from recent market activity, touching on different types of buyers, comparing the end of 2021 to the beginning of 2022, and discussing future outlook. They also talk about interest rates, the impact of the value of the dollar on cross-border flow and other takeaways from the first quarter numbers.

Darin discusses:

  • The impact of increased interest rates on buyers and sellers
  • How the pandemic has influenced investment decisions
  • Activity levels among different kinds of buyers
  • What markets and property types were the most active
  • And more

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About Our Guest:

Darin Mellott is a Senior Director of Capital Markets Research at CBRE. In this capacity, Darin leads a global team of Capital Markets Research Analysts and works with other members of senior leadership to provide analysis and develop “house views” on global markets and economic conditions, with a focus on their impact on real estate.

 

Beyond this, Darin leads and contributes to research and strategy efforts across the globe on behalf of clients, and has authored numerous white papers for the firm. He also represents CBRE with the media and at public forums on a frequent basis. Prior to his current role, Darin was CBRE’s Director of Research for the Americas.
Episode 66: Finding CRE Deals Amid Uncertainty with Eric Birnbaum

Episode 66: Finding CRE Deals Amid Uncertainty with Eric Birnbaum

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In this episode, David Bodamer is joined by Eric Birnbaum, founder and CEO of Dreamscape Companies, a real estate investment firm specializing in acquiring and repositioning multifamily and hospitality properties. 

Eric shares his experience launching and building a new company during the pandemic, what kinds of deals they have pursued during the past two years and its plans for 2021. the firm. 

Eric discusses:

  • Why Dreamscape focuses on multifamily and hospitality properties and why it prefers opportunistic/value-add plays in gateway markets
  • How launching a firm just prior to the onset of the pandemic affected its rollout
  • How he has built and maintained relationships with limited partners over the years to provide a consistent source of capital
  • What Dreamscape’s approach to debt is in terms of levering deals and increasing returns
  • What the firm’s long-term investment strategy is for the properties it repositions

Resources:

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Episode 65: WMRE: Where It Started and How It’s Going

Episode 65: WMRE: Where It Started and How It’s Going

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It’s been almost one year since NREI announced a full rebrand to WMRE, a change that represented the status of the company within the WealthManagement.com portfolio. 

In this episode, David Bodamer discusses the brand change from NREI to WMRE, revealing why they chose to rebrand and how it’s changed how they cover the commercial real estate industry. David shares how they managed the curveballs  2021 threw at them while undergoing changes themselves, and shares some insight about what’s to come in 2022.

David discusses:

  • The reasoning behind the rebrand from NREI to WMRE
  • How the change from NREI to WMRE impacts clients
  • The most surprising outcomes from the rebrand
  • The plans for the brand in 2022
  • The best ways to pitch the brand
  • And more

Resources:

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