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Call Me Back - with Dan Senor

Blackstone’s Jonathan Pollack on Real-Estate Post Corona

Call Me Back - with Dan Senor

Ark Media

October 7, News, Palestine, News Commentary, War, Hamas, Israel, Geopolitics, Politics, Society, Government

4.83.2K Ratings

🗓️ 11 June 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary

Many have been surprised that areas of the real estate market are booming, Post Corona. So what do we know about the pandemic’s impact on an exodus from some cities, and the growth of other cities? One of the ways that I have learned on this limited series podcast is from our top flight guests, but also from our listeners. A business practitioner - an operator or investor - will hear one of our experts on the pod and get a hold of me with an alternative analysis; it’s like I get to crowdsource ideas from our listeners. Well today, we’re bringing one of those subscribers on the show. Jonathan Pollack is a Senior Managing Director at the Blackstone Group and Blackshone’s Global Head of the Real Estate Debt Strategies group. Blackstone is one of the largest owners of real estate in the world. Jon, who is based in New York, manages a large team, overseeing Blackstone’s real estate debt investment strategy. He’s also a member of the firm’s real estate investment committee, and serves on the board of Blackstone Mortgage Trust. Prior to joining Blackstone, he was a Managing Director and Global Head of Commercial Real Estate, as well as Head of Risk for Structured Finance, at Deutsche Bank. To call Jonathan Pollack a “New York Bull” may be overstating it, but let’s just say he’s a skeptic of some of the skeptics we have featured on Post Corona. So is real estate in New York and other big cities coming back? And what does it tell us about the future of cities? Or - did the Pandemic set them back in ways that will take too long to recover from?

Transcript

Click on a timestamp to play from that location

0:13.0

There are entrenched interests, well-intentioned people and industries that really want to get the people back and get their industries reopen and they're working hard and they have financial resources and they have talented people and they have have talented people and they have fans and they have a lot of tourists

0:17.2

like waiting at the gates to come in and participate and be here and I think

0:21.5

not enough has changed for that course of daily life in New York City to be that

0:26.6

disrupted.

0:30.6

Welcome to post Corona where we try to understand COVID-19's lasting impact on the economy, culture,

0:36.2

and geopolitics.

0:37.6

I'm Dan Sinor. Many have been surprised that areas of the real estate market are booming post-corona.

0:52.0

So what do we know about the pandemic's impact on an exodus

0:55.3

from some cities and the growth of other cities? Cities that investors in the

0:59.9

business press may not have been paying attention to until the snow globe was

1:03.3

shaken up this past year and we now begin to see where everyone is landing.

1:08.0

One of the ways that I have learned on this limited series podcast, Post is from our top flight guests, but also

1:16.0

from our listeners. A business practitioner, say an operator or an investor, will hear one of our

1:22.0

experts on the pod and say, no, no, no, your guest has it all

1:25.6

wrong and then that listener will get a hold of me. It's like I get to crowdsource ideas

1:30.4

from our listeners. Well, today're bringing onto the show one of those

1:35.1

subscribers. Jonathan Pollack is a senior managing director at the Blackstone

1:40.0

group and Blackstone's head of the Real Estate Debt Strategies Group.

1:45.0

Blackstone is one of the largest owners of real estate in the world.

1:49.0

John, who's based in New York, manages a large team, overseeing Blackstone's real estate debt investment strategy.

1:55.4

He's also a member of the firm's Real Estate Investment Committee and serves on the board

1:59.2

of Blackstone Mortgage Trust.

...

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