This week, we take stock of the legacy of Alan Greenspan, the long-serving Fed Chair who has died at the ripe old age of 100. Greenspan’s moves, for better and for worse, shaped the CRE market as we know it today. Next, we visit the rapidly gentrifying swamp that is Gowanus, where Sam Charney is remaking the neighborhood with a little help from his friends. And finally, we dive back into one of The Promote’s pet topics – the fallout from the end of the Traveling HFC property-tax loophole in Texas. Plus, our Punch List rundown of the newsiest industry happenings: Charles Cohen v Fortress; BTR-killer bill; NYC freezes rent; World Cup takeaways.

Sponsors:
1) This episode is supported by Real Property Captive, the first group captive insurance for mid-market owners. Check out their platform to tap into the same insurance framework used by the market’s biggest players and get dividends from unused premiums.

2) This episode is supported by Bravo Capital, a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors.
3) This episode is supported by LoanBoss, the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy delight: Live forward curves!

Further Reading/Listening

Trump Cancels Plan To Sign Bipartisan Housing Bill, Demanding Voter ID Law
Cohen's Fortress of Pain

The Man Who Knew: The Life and Times of Alan Greenspan

The Flying Walentases
Brooklyn Billionaire: How One Man Made A Fortune Rebuilding Dumbo

The Closing: Sam Charney
Meet CRE Finance’s Most Eccentric Investor
Gaffers of Gowanus 

The Traveling HFC Hangover