What’s the smartest way to position yourself in today’s real estate market? 

Tait Duryea and Hunter Thompson dissect the capital stack and explain how investors can use private debt, common equity, and preferred equity to balance risk and reward. They reveal why banks hold the safest seat at the table, how leverage amplifies returns, and why PREF equity is gaining traction in today’s market. Plus, they discuss how inflation reshapes wealth strategies, the role of depreciation, and how to think like a sophisticated investor.

To learn more about the Azara Tempe investment opportunity or to submit a commitment, please visit the deal room.

Show notes:
(0:00) Intro
(0:37) Debt vs. equity explained
(3:14) Why banks hold the safest seat
(7:01) Risk, reward, and loan-to-value
(11:05) Equity investors and amplified returns
(20:10) Preferred equity defined and positioned
(23:50) How PREF works in current deals
(28:44) Blended returns with split investments
(31:23) Why PREF equity is capped
(36:07) Understanding accrued preferred return
(39:26) Inflation as real estate’s best friend

If you have any questions, please feel free to email [email protected].

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