Interview recorded - 5th of July, 2023

During this interview of the WTFinance podcast I had the pleasure of speaking with Daniel McNamara - Founder & CIO of Polpo Capital. 

During our conversation we spoke about what is happening in commercial real estate, why this market could see large losses, who are the bag holders and what this means for commercial real estate moving forward. I hope you enjoy!

0:00 - Introduction
0:53 - What is happening in commercial real estate?
3:40 - Which geographies will be the most effected and who are the bag holders?
6:05 - Investors to take large losses
7:30 - Worse with variable rates internationally?
8:40 - Could commercial real estate be a catalyst for another 2008 crisis?
10:00 - Types of commercial real estate
12:30 - Cyclical trend - old vs new 
14:25 - Converting commercial to homes
15:55 - Asset managers walking away from commercial real estate investments
18:40 - Any other macro drivers?
19:40 - Where are the commercial real estate opportunities?
21:40 - How does an extension work?
23:20 - During distress, rotating to higher quality assets
25:40 - One message to takeaway from conversation?

Daniel McNamara - 

Twitter - https://twitter.com/danjmcnamara
Website - https://www.polpocapital.com/
LinkedIn - https://www.linkedin.com/in/daniel-mcnamara-946a969/

WTFinance - 

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas