4 Real

Has a “bullishly measured” commercial real estate outlook for 2025 become “cautiously fatigued”? Dechert 4 Real’s Matt Armstrong, Jon Gaynor, Stewart McQueen and Kate Mylod rank the 5 biggest takeaways from this year’s CREFC Annual Conference in New York, ranging from the vibe shift since January’s conference in Miami, the uncertainty the CRE market is currently processing, repo trends, GSEs using AI to root out mortgage fraud and more. 

Show Notes 

CREFC 2025 Annual Conference - Full Agenda 

Looking for a primer on the top-of-mind terms and topics in bankruptcy matters today? Dechert 4 Real has you covered as hosts Jon Gaynor and Kate Mylod sit down with David Herman, partner in Dechert’s financial restructuring group, to highlight his “hot takes”/hot tips on the space, including thoughts on substantive consolidation, automatic stay, prepackaged bankruptcy and more! Plus, Dechert partner Lindsay Trapp gives the 411 on recent developments in blind pool ratings and the hosts reveal their superheroic legal origin stories! 

Show Notes 

For more information on blind pool ratings, email [email protected].

THE CRED Convos video series 

Recording for the first time in Dechert’s Charlotte office, 4 Real’s Jon Gaynor, Sam Gilbert and Ella Smith invite Trimont Chief of Staff Cindy Barreda and Senior Managing Director Leslie Hayton to the pod to discuss Trimont’s recent acquisition of the Wells Fargo third-party commercial mortgage servicing platform, CRE trends to watch in the current and future economic landscapes and how they’re using AI to streamline their workflows. Plus, London-based Dechert partners John McGrath and Aaron Scott give the 411 on changes to the European risk retention rules, the group has some surprising brushes with fame and Sam hits the ice! 

Show Notes: 

Newsflash: EU Risk Retention Update: Priced Deals March Forward, Dechert OnPoint (April 2025) 

Spring is in the air as Dechert 4 Real’s Jon Gaynor, Ella Smith and Sam Gilbert take a fresh look at the world of real estate debt funds with Dechert financial services partner Gerry Brown, discussing market trends, the benefits of evergreen funds vs. closed-end funds, how tokenization will impact this space and much more. Plus, CMBS associate Parker Lacoste joins the show with updates on the SEC’s EDGAR Next program and the Corporate Transparency Act, while Ella invents an all-new sport: “gobf.” 

Show Notes: 

EDGAR Next: What Filers Need to Know and How They Can Prepare, Dechert OnPoint (March 2025) 

Listen to the top five biggest takeaways from the CREFC annual conference in Miami on our first episode of 2025 with Dechert 4 Real Podcast co-host Jon Gaynor and producers Matt Armstrong, Kate Mylod and Stewart McQueen (who also co-chaired the conference). Get the inside scoop on the overall vibe, insights from keynote speaker Ron Howard, thoughts on increasing back-leverage options in commercial real estate finance and other trends to watch this year!

Show Notes

Full CREFC Miami 2025 Program

Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert sit down with Dechert finance & real estate partner Justin Gdula to discuss the latest trends in data center deals, real estate M&A activity and Canadian CMBS. Plus, Dechert partner Jay Southgate discusses the impact this November’s U.S. presidential election may have on commercial real estate finance, the hosts discuss their pleasant — and not-so-pleasant — experiences at “The Most Magical Place on Earth” and the podcast goes into dad joke overload.

What is the current state of commercial mortgage-backed security, or CMBS? Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert invite the managing director and head of North American CMBS ratings activity at Morningstar DBRS, Erin Stafford, to the podcast to break down the current headwinds and opportunities in the CMBS space, from climate change’s impact on CMBS ratings to the industry’s emerging interest in data centers. Plus, Sam gives the 411 on New York City’s Safe Hotels Act, Dechert’s John Ludwig-Egan highlights an upcoming re-proposal of the Basel III Endgame rules and the hosts get 4 Real about football season. 

Show Notes: 

Dechert 4 Real Episode 15: Rolling into Summer with CREFC Roulette and the Biggest Takeaways from the June Conference (June 2024) 

THE CRED: Legal & Business Insights from the Private Credit Industry 

Dechert global finance partner Ani Ravi joins Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert for an informative discussion about the relationship between NAV facilities, subscription lines and repo financing, the evolving nature and implementation of NAV facilities, potential NAV pitfalls and the growing interest in this market segment. Plus, Dechert national security partner Hrishi Hari joins the podcast to discuss recent developments with respect to national security reviews of foreign ownership in real estate. The hosts also share their Labor Day weekend plans and much more! 

Show Notes 

Lawyer Up: 16 Big Law Podcasts to Tune Into, Law.com International (August 2024)

THE CRED: Legal & Business Insights for the Private Credit Industry

Dechert 4 Real hosts Jon Gaynor, Ella Smith and Sam Gilbert are joined by Barclays Head of CMBS Research Lea Overby to discuss commercial real estate trends we can expect in the second half of 2024, floating rate debt risk, lessons learned from the “Mall Apocalypse” and why “forklift offices” are better than “cave offices.” Plus, Dechert’s Steve Engel shares his thoughts on the Supreme Court’s recent Loper Bright decision. 

Show Notes 

Supreme Court Ends Chevron Deference Among String of Decisions Limiting Agency Power – Dechert OnPoint (July 2024)

THE CRED: Legal & Business Insights for the Private Credit Industry 

Dechert’s Jon Gaynor, Kate Mylod, Stewart McQueen and Matt Armstrong dive into the biggest conversations coming out of the 2024 CREFC Annual Conference in New York, including return-to-office trends, the “acceptance of reality” in the commercial real estate industry, what’s really happening in those “invitation only” sessions, and keynote speaker Trevor Noah’s poignant thoughts about airplane turbulence.

Show Notes

 THE CRED – Private Credit News and Insights

 Dechert Co-Chair Mark Thierfelder’s Milken Institute 2024 Global Conference “The Promise and Pitfalls of Private Equity” Panel