Scott Aleali joins Brandon Sedloff on The Distribution to share his journey from early beginnings at Silicon Valley Bank to leading the private equity business at Citizens Private Bank. He reflects on the collapse of SVB and First Republic, the creation of Citizens Private Bank, and how his team is building a differentiated service model for private equity and venture capital clients. Scott also provides insight into industry trends, the rise of new liquidity solutions, and his own experience as a podcast host creating content for the private markets community.

They discuss:

This episode offers valuable perspective for private markets professionals navigating an evolving financial landscape.

Links:

Scott on LinkedIn - https://www.linkedin.com/in/scottaleali/

Fund Fanatics Podcast - https://podcasts.apple.com/lu/podcast/fund-fanatics/id1810788445

Citizens Private Bank - https://www.citizensbank.com/private-banking/overview.aspx

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, host Brandon Sedloff sits down with rental housing economist Jay Parsons for a wide-ranging discussion on the state of the rental housing market. Jay shares his path into the industry during the aftermath of the financial crisis, explains why he chose to specialize deeply in rental housing, and outlines the unique dynamics shaping apartments, single-family rentals, and build-to-rent communities today. Together, they explore current market challenges, long-term tailwinds, and the opportunities that lie ahead for investors and operators alike.

They discuss: 

* The origins of Jay’s career and his focus on rental housing economics

* Key differences between ownership-driven housing commentary and true rental housing analysis

* Glass half full versus half empty perspectives on today’s market, from high supply and rates to affordability and demographics

* The convergence of multifamily, single-family rentals, and build-to-rent under one rental housing umbrella

* Migration and demographic trends driving demand across the Sunbelt, mountain metros, and emerging tertiary markets

* Investor strategies shifting from short-term flips to long-term value creation and operational excellence

* How technology and AI are reshaping leasing, resident experience, and customer service in rental housing

* The most important data points to track over the next cycle: supply and demand

This episode offers clear insights for investors, operators, and anyone looking to understand the forces shaping the future of rental housing.

Links:

Jay on LinkedIn - https://www.linkedin.com/in/jay-parsons-a7a6656/

Jay's website - https://jayparsons.com/

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

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

Topics:

(00:00:00) - Intro

Cia Buckley Marakovits joins Brandon Sedloff on The Distribution to walk through her journey to President and Chief Investment Officer of Dune Real Estate Partners. She reflects on formative experiences at Bankers Trust, JER, and ultimately Dune, weaving together lessons in capital markets, risk management, investor relations, and leadership.

Cia discusses what it means to lead in the “private of private” asset classes, how she defines high-yield investing, and the opportunities created by capital inefficiencies. She also shares candid perspectives on loneliness in leadership, the importance of trusted peers, and the evolving role of women in real estate.

They discuss:

Why her career in real estate began with a phone call and a box of belongings

Lessons from working alongside Dick Gunthel, Joe Robert, and Dan Neidich

How high-yield investing differs from “opportunistic” or “value add” real estate

Why today’s market cycle is defined by an elongated de-leveraging period

The power of relationships and diversity in driving investment performance

A valuable episode for investors and operators interested in capital markets strategy, leadership, and navigating private real estate.

Links:

Dune Real Estate Partners - https://dunerealestate.com/

Cia on LinkedIn - https://www.linkedin.com/in/cia-buckley-marakovits-96722111/

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

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

Topics:

(00:00:00) - Intro

(00:01:58) - Cia’s background and career

(00:21:39) - Transitioning to Dune

(00:28:20) - The correlation of loneliness and success

(00:32:42) - The state of Dune today

(00:37:33) - High-yield real estate

(00:40:50) - When opportunistic deals make sense

(00:45:05) - Private Real Estate in a world that pushes transparency

(00:48:57) - The 2025 cycle

(00:51:48) - The role of women in Real Estate

Chris Merrill, Co-Founder and CEO of Harrison Street, joins Brandon Sedloff to explore a career defined by risk-taking, innovation, and a steadfast belief in building differentiated real estate strategies. The conversation traces Chris’s early career in real estate through his formative years at Heitman, where he became one of the first Western investors to focus exclusively on Central Europe. That experience would inform the thesis behind Harrison Street—an investment firm centered on demographic-driven, need-based asset classes like student housing, medical offices, and self-storage. Chris shares how Harrison Street emerged from a 50-50 partnership with Motorola’s former CEO Chris Galvin, and how its success has hinged on developing deep operator relationships, a repeatable process for innovation, and a long-term perspective on risk and value creation.

They discuss:

This episode is a masterclass in how to spot arbitrage opportunities and scale a business by staying contrarian.

Links:

Chris on LinkedIn - https://www.linkedin.com/in/christopher-merrill-006b243/

Harrison Street - https://harrisonst.com/

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, host Brandon Sedloff sits down with Len O’Donnell, CEO of Affinius Capital, for a wide-ranging conversation on the evolution of one of real estate’s most strategically positioned investment platforms. Len reflects on his early exposure to development, his unconventional career path, and the lessons learned from leading through multiple business cycles. He shares how he helped transform USAA Real Estate into a scaled investment manager, navigated a management-led buyout in the midst of a global pandemic, and merged multiple platforms into the firm now known as Affinius Capital. The discussion also explores the firm’s investment pillars—credit, housing, and the intersection of real estate and technology—and why data centers represent the most strategically vital asset class in today’s economy.

They discuss:

The early influence of development culture and why studying history shaped Len’s leadership philosophy

How Len transitioned from industrial chemical sales to building one of the largest platforms in U.S. real estate

The vision and execution behind Affinius’ shift from wholly owned assets to co-investment-led growth

Lessons from the merger of USAA Real Estate and Square Mile, and the importance of patience in integration

Why power, permitting, and strategic partnerships define the future of the data center sector

This episode is a must-listen for anyone seeking long-term perspective and operational wisdom in institutional real estate investing.

Links:

Affinius Capital - https://affiniuscapital.com/

Len on LinkedIn - https://www.linkedin.com/in/len-odonnell-92a96815/

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, host Brandon Sedloff sits down with Brendan Wallace, CEO & CIO of Fifth Wall, to explore the firm’s founding thesis, its investment philosophy, and the evolving intersection of real estate and technology. Brendan shares his unique career path—from real estate private equity at Blackstone to launching a successful tech startup sold to Workday—offering rare insight into how his dual experience in tech and real estate shaped the creation of Fifth Wall. He outlines how the firm’s strategic LP model allows them to drive technology adoption within the real estate sector, and discusses the broader opportunity that comes from modernizing a traditionally analog industry. The conversation also touches on the firm’s investing strategy, views on AI and data, and why Brendan believes the next wave of leading real estate platforms will be launched in the coming years.

They discuss:

* Why Fifth Wall’s LP base of real estate incumbents gives it a strategic advantage in venture investing

* How Brendan’s early tech exit and institutional finance background informed his venture model

* The challenges of real estate’s slow tech adoption, and which firms are actually driving change

* Brendan’s view on the overhyped promise of proprietary data in the AI era

* Why now may be the best time in a generation to launch a new real estate investment platform

A valuable conversation for anyone exploring the future of real estate, venture capital, or building at the intersection of both.

Links:

Fifth Wall - https://www.fifthwall.com/

Brendan on LinkedIn - https://www.linkedin.com/in/brendanfitzgeraldwallace/

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, host Brandon Sedloff sits down with Patrick McBride, co-founder and co-CEO of Coastal Ridge, to explore the firm’s evolution from a small entrepreneurial venture to a vertically integrated investment platform managing $5 billion in gross AUM.

McBride walks through the pivotal moments that shaped Coastal Ridge’s growth, including early partnerships with family offices, scaling with institutional joint ventures, and the recent transition to discretionary fund management. The conversation covers the strategic advantages of student housing, why vertical integration has been core to their model, and how Coastal Ridge's Midwest roots influence its culture and execution.

They discuss:

How Coastal Ridge began as a partnership between college friends and scaled through $400M in backing from family offices

The firm's three-phase capital evolution: private capital, institutional JVs, and discretionary funds

Why student housing complements multifamily and what’s driving double-digit rent growth in the sector

What makes a great student housing investment and how Coastal Ridge adds value to 10–20-year-old properties

How vertical integration enhances performance across living strategies and creates competitive advantages

A valuable listen for investors, operators, and entrepreneurs seeking to understand how durable real estate businesses are built over time.

Links:

Coastal Ridge - https://www.coastalridge.com/

Patrick on LinkedIn - https://www.linkedin.com/in/patrick-r-mcbride/

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, Brandon Sedloff sits down with Chris Brimsek, Managing Partner of Cab Advisory, for a deep dive into how investment managers can build enduring businesses in an increasingly complex private markets environment. Drawing on experience from advising GPs across asset classes and stages, Chris outlines the major strategic and operational challenges facing fund managers—from firm structure and team composition to incentive design and succession planning. The conversation explores why many firms stall out at the mid-market level and what it truly takes to scale. Chris shares a four-part framework he uses with clients to create “operational alpha,” emphasizing the importance of vision, actively managed teams, properly structured incentives, and founder delegation. Whether discussing fundless sponsors, the future of sports investing, or the commercialization of GP stakes, Chris offers a pragmatic and unvarnished view of where the industry is headed.

They discuss:

This is a must-listen for investment managers navigating scale, succession, or strategic reinvention in today’s private markets.

Links:

Chris on LinkedIn - https://www.linkedin.com/in/chrisbrimsek/

CAB Advisory LLC - https://www.cabadvisoryllc.com/

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

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

Topics:

(00:00:00) - Intro

In this episode of The Distribution, host Brandon Sedloff sits down with Franz Colloredo-Mansfeld, CEO and Chairman of Cabot Properties, for a sweeping conversation on the evolution of the logistics real estate sector. Franz shares his unconventional path into the industry, beginning with a background in history and investment banking, and reflects on the experiences that shaped his leadership at Cabot. 

From Cabot’s early days as a small advisory firm to its current position managing $12 billion in assets across 13 offices worldwide, Franz unpacks the strategic decisions, market cycles, and global expansion efforts that defined the company’s growth. He also provides an in-depth look at the structural dynamics of logistics investing, public vs. private ownership models, and why Cabot remains committed to value creation through specialization.

They discuss:

- How Franz’s early exposure to real estate and global finance shaped his leadership style

- Why Cabot went public in the late 1990s and what they learned from it

- The tailwinds driving institutional investment into logistics real estate

- How Cabot has expanded internationally and adapted to global market nuances

- Why logistics is increasingly seen as a core real estate allocation with enduring alpha potential

This is a valuable episode for investors, operators, and professionals curious about logistics real estate, private equity, and global platform building.

Clarification: The number of Cabot offices at the time of publication was 13.

Links:

Cabot Website: https://www.cabotprop.com/

Franz’s LinkedIn: https://www.linkedin.com/in/franz-colloredo-mansfeld-71428622a/

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

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

Topics:

(00:00:00) - Intro

(00:01:38) - Franz’s background and career

(00:22:00) - Founding Cabot

(00:24:38) - What were investors missing that gave you confidence in finding Alpha in your sector?

(00:29:05) - The global scale of Cabot in 2025

(00:32:40) - Internationalization 

(00:38:30) - The role of logistics in a diversified portfolio

(00:44:24) - Innovation and obsolescence 

 (00:46:40) - The future of Cabot

(00:50:16) - ULI

In this special edition of The Distribution, host Brandon Sedloff sits down with Chris Tinsley and Rory Mabin of NASDAQ’s fund secondaries business, recorded live from NASDAQ’s Times Square studio. 

The conversation unpacks the evolution of the fund secondaries market, highlighting how NASDAQ is bringing technology, transparency, and regulatory clarity to a historically opaque and manual process. Chris and Rory share how their unique professional journeys—from institutional investing to pioneering fintech—positioned them to rethink secondary liquidity in private markets. 

They dive deep into the complexities of LP transactions, the origins of NASDAQ’s platform, and the structural and regulatory innovations making scaled, GP-sponsored liquidity a reality today.

They discuss:

* How NASDAQ’s acquisition of SecondMarket evolved into a fund secondaries platform

* Why secondary LP transactions are more like M\&A deals than stock trades

* The value of “GP-sponsored” liquidity programs and how they differ from GP-led deals

* How NASDAQ’s Qualified Matching Service (QMS) helps GPs avoid tax complications while scaling liquidity

* Why scalable technology and a growing buyer base—including family offices and institutional LPs—are reshaping the future of private market secondaries

This episode is essential listening for GPs navigating LP liquidity needs or building next-gen fund structures in private markets.

Links:

Nasdaq Fund Secondaries - https://www.nasdaq.com/solutions/fund-secondaries

Chris Tinsley on LinkedIn - https://www.linkedin.com/in/christoffertinsley/

Rory Mabin on LinkedIn - https://www.linkedin.com/in/rory-mabin-966a1333/

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

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

Topics:

(00:00:00) - Intro

(00:01:20) - Introducing Chris Tinsley and Rory Mabin

(00:01:45) - NASDAQ's role in private market secondaries

(00:02:09) - Chris Tinsley's journey to NASDAQ

(00:03:55) - Rory Mabin's background in fund secondaries

(00:05:04) - Understanding NASDAQ beyond the exchange

(00:06:40) - The origin of NASDAQ's fund secondaries business

(00:10:28) - Challenges in fund secondaries transactions

(00:17:40) - The role of technology in streamlining processes

(00:23:49) - Adapting to investor needs in private markets

(00:27:26) - Enhanced liquidity options for limited partnerships

(00:31:02) - Understanding Qualified Matching Service (QMS)

(00:33:28) - Challenges and solutions in providing liquidity

(00:36:52) - The role of technology in liquidity solutions

(00:38:03) - Practical implementation of embedded liquidity

(00:46:37) - The future of secondary markets and AI integration

(00:50:02) - Conclusion and final thoughts