Robert Boucai & James Broyer – Tax-Efficient Multifamily Real Estate at Newbrook (EP.475)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.8 • 806 Ratings
🗓️ 4 December 2025
⏱️ 48 minutes
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Summary
This Sponsored Insight features Robert Boucai and James Broyer. They are the Co-Founders of Newbrook Capital Properties, a multifamily real estate investment platform built to generate optimal long-duration, tax-efficient income. Robert is also the Founder of Newbrook Capital Advisors, a hedge fund he launched twenty years ago that today manages $1 billion across long-short and long-only strategies. He was born with sensorineural hearing loss and today serves on the Board of the Hearing Health Foundation, which is dedicated to preventing and finding cures for hearing loss.
Our conversation covers Robert's path from real estate to hedge fund investing and back to real estate. We discuss the real estate strategy he designed with James, including alignment, market and asset selection, property improvement, and supply-demand drivers to create durable rental growth. We close with risks, synergies with Newbrook's public equity business, and plans to scale the real estate platform.
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Transcript
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| 0:00.0 | When I started looking at my own returns of my investments in 2020, I'd invested in a bunch |
| 0:07.5 | of real estate general partnerships over the last 10, 15 years. My best after-tax returns were coming |
| 0:13.1 | from real estate because of the depreciation shelter and the growth in income. I was getting |
| 0:19.4 | retracted the returns on an after-tax basis. |
| 0:22.0 | We came to the conclusion that we really needed to create this ourselves, |
| 0:26.0 | and we couldn't invest more with other GPs because the other GPs don't have the things that we were looking for. |
| 0:31.4 | We needed to reverse engineer the optimal solution for ourselves and find a partner to help us implement it. |
| 0:44.0 | I'm Ted Sides, and this is Capital Allocators. |
| 0:50.0 | My guests on today's show are Robert Buckeye and James Breuer, co-founders of Newbrook |
| 0:56.1 | Capital Properties, a multifamily real estate investment platform built to generate optimal, |
| 1:01.8 | long-duration, tax-efficient income. Robert is also founder of Newbrook Capital Advisors, |
| 1:07.8 | a hedge fund he launched 20 years ago that today manages a billion dollars |
| 1:11.6 | across long short and long-only strategies. |
| 1:14.6 | He was born with sensory neural hearing loss, and today serves on the board of the Hearing Health Foundation, |
| 1:20.6 | which is dedicated to preventing and finding cures for hearing loss. |
| 1:24.6 | Our conversation covers Robert's path from real estate to hedge fund investing |
| 1:28.9 | and back to real estate. We discussed the real estate strategy he designed with James, including |
| 1:34.5 | alignment, market and asset selection, property improvement, and supply demand drivers to create |
| 1:41.1 | durable rental growth. We closed with risks, synergies with Newbrook's public equity business, and plans to scale |
| 1:48.5 | the real estate platform. |
| 1:50.6 | I hope you enjoy the show. |
| 1:52.2 | And if you do, this week, why not reach out to that friend of yours? |
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