This episode is sponsored by KraneShares KRBN ETF, the first, largest, and most liquid carbon ETF on the market. Please read the prospectus before investing at https://kraneshares.com/KRBN/realvision. Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO).

With U.S. regional banks already having faltered this year, commercial real estate looks like the next pain point as 60% of CRE debt is held by banks. Ash Bennington welcomes Stijn Van Nieuwerburgh, Earle W. Kazis, and Benjamin Schore professor of real estate at Columbia Business School, to examine the systemic risks CRE poses and what can be done to avoid a crisis.

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