Trey Wheeler, Vice President of Investments at Tailwind Investment Group, shares his background and career trajectory in the real estate industry. He discusses the influence of his father, who was an investment banker, and the impact of the 2008 financial crisis. The conversation delves into the interconnectedness of the global economy and the implications for commercial real estate. Trey also provides insights into the current state of the multifamily market and predicts a focus on local markets and micro locations. The conversation explores the challenges and risks in the commercial real estate market, particularly in the multifamily sector. The discussion highlights the dangers of overpaying for properties and the impact of high leverage on property values. It also delves into the role of lenders and the potential for loan modifications. The conversation emphasizes the importance of reputation and caution when investing as a limited partner. It concludes with advice on personal growth, the power of words, and finding a career aligned with passion and goals.

Chapters

00:00 Introduction and Background

05:28 The Influence of Trey's Father

10:14 The Impact of the 2008 Financial Crisis

18:41 The Interconnectedness of the Global Economy

20:02 Challenges in the Chinese Commercial Real Estate Market

20:32 The Focus on Local Markets and Micro Locations

25:52 Stagnation in Commercial Real Estate Transactions

26:05 Opportunities in the Multifamily Market

27:25 The Dangers of Overpaying and High Leverage

29:43 The Role of Lenders and Loan Modifications

35:17 Caution and Evaluation as a Limited Partner

43:11 Personal Growth: Understanding Identity and Becoming

49:01 The Power of Words and Framing Identity