#315 - Dean Adler - Co-Founder @ Lubert-Adler Partners - Current Market Conditions, Private Credit, Pref Equity for the Win, Office, and Their Best Deal of All Time

Dean S. Adler is CEO and Co-Founder of Lubert-Adler Partners, L.P., a real estate equity firm with over $9 billion in equity raised. Dean is the Head of the Investment Committee and is responsible for leading the strategic direction of the team. He is also an Executive Committee Member and Research Sponsor for the Zell/Lurie Real Estate Center of The Wharton School and a member of the Board of Directors of the Dominion Real Estate Company. On this episode, Chris & Dean discuss: Analyzing the current market How to vet folks looking for private credit Thoughts on Office as an asset Accidentally building a grocery empire We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Links: Lubert-Adler Topics: (00:00:00) Intro (00:03:16) What are you thinking right now about capital markets? (00:05:36) Is there another cycle you could compare to today’s environment? (00:07:29) How do you think banks are thinking about upcoming renewals? (00:12:56) What needs to happen to normalize the market? (00:20:08) What are you seeing in fundraising? (00:21:56) How are you vetting folks looking for a private credit deal? (00:34:20) Thoughts on the Office Asset class (00:44:54) Does high levels of institutional investment in office affect the market? (00:49:13) Is there an asset class today that’s dying but no one knows? (00:53:56) How did you end up in the grocery business? (01:04:12) Is it possible to still pursue an opportunity like you did with Albertson’s today? (01:09:58) Looking back, what do you wish you had focused on more? Support our Sponsors Juniper Square: https://bit.ly/45yiYUq Better Pitch: https://bit.ly/42d9L0I Fort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: Twitter: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts