The Distribution by Juniper Square

Relationship Alpha in the Middle Market - Bryan Thornton - Managing Partner @ PCCP


Listen Later

Bryan Thornton joins host Brandon Sedloff on The Distribution for a wide-ranging conversation about his 26-year career at PCCP and the evolution of real estate investment management. He shares how his early experiences shaped his passion for urban environments, reflects on PCCP’s growth from a California-focused startup to a national player, and explains why relationships remain central to both lending and equity investing. The discussion covers the shifts in capital markets, the rise of private credit, and how transparency, culture, and technology continue to redefine the industry.

We discuss:

  • PCCP’s consistent middle-market strategy across debt and equity
  • The profound shift from bank dominance to private credit in real estate lending
  • The role of transparency and relationship “alpha” in operator-lender partnerships
  • How culture and curiosity fuel long-term career growth and organizational success
  • The impact of technology and data on the future of investment management
  • This episode offers valuable perspective for anyone navigating the challenges and opportunities in real estate today.


    Links:

    PCCP - https://pccpllc.com/

    Bryan on LinkedIn - https://www.linkedin.com/in/bryan-thornton-09868357/

    Brandon on LinkedIn - ⁠https://www.linkedin.com/in/bsedloff/⁠

    Juniper Square - ⁠https://www.junipersquare.com/⁠


    Topics:

    (00:00:00) - Intro

    (00:01:32) - Bryan’s career and background
    (00:11:44) - The scale of PCCP
    (00:14:33) - The state of the industry
    (00:19:28) - The relationship between lenders and borrowers
    (00:21:10) - PCCP’s equity business
    (00:27:52) - The evolution of the markets
    (00:31:42) - The relationship between PCCP and her capital partners
    (00:33:12) - Culture and leadership
    (00:36:07) - Technology impacts on physical assets
    (00:42:53) - NAREIM
    (00:47:00) - Lessons from staying with one firm for over 25 years
    (00:49:54) - Predictions for the next decade

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Distribution by Juniper SquareBy Juniper Square

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    55 ratings


    More shows like The Distribution by Juniper Square

    View all
    America‘s Commercial Real Estate Show by Bull Realty

    America‘s Commercial Real Estate Show

    143 Listeners

    Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

    Capital Allocators – Inside the Institutional Investment Industry

    796 Listeners

    POWERS by Chris Powers

    POWERS

    504 Listeners

    Value Investing with Legends by Columbia Business School

    Value Investing with Legends

    212 Listeners

    My First Million by Hubspot Media

    My First Million

    2,656 Listeners

    Dry Powder: The Private Equity Podcast by Hugh MacArthur, Bain & Company

    Dry Powder: The Private Equity Podcast

    142 Listeners

    Real Estate Capital by Nancy Lashine

    Real Estate Capital

    44 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    9,927 Listeners

    The Weekly Take from CBRE by CBRE

    The Weekly Take from CBRE

    163 Listeners

    The TreppWire Podcast: A Commercial Real Estate Show by The TreppWire Podcast, A CRE Show

    The TreppWire Podcast: A Commercial Real Estate Show

    220 Listeners

    The Memo by Howard Marks by Oaktree Capital Management

    The Memo by Howard Marks

    449 Listeners

    The Walker Webcast by Willy Walker

    The Walker Webcast

    150 Listeners

    Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets by Michael Sidgmore

    Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets

    30 Listeners

    The Rent Roll with Jay Parsons by Jay Parsons

    The Rent Roll with Jay Parsons

    45 Listeners

    The Promote Podcast by ten31 Media

    The Promote Podcast

    67 Listeners