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The Deal Makers - An Agora production podcast
The Deal Makers, an Agora production podcast, is a platform for leaders in the commercial real estate industry to share their personal stories of success and failure, business insights, and industry secrets because we believe in spotlighting the real people behind the deals. In The DealMakers, we will shine a light on the people behind high-performing real estate deals, unveil behind-the-scenes stories you’ve never heard before, and discuss growth opportunities for real estate investment experts.
If you’re looking to learn more about top-performing GPs in America and how they MAKE deals, this podcast is for you!
The Deal Makers - An Agora production podcast
S3E23 - David Auerbach – Why REITs still win
In this episode of the Dealmakers Podcast, host Asaf Raz talks with David Auerbach, Chief Investment Officer at Hoya Capital and publisher of the Daily REIT Beat, about the staying power of real estate investment trusts (REITs). David breaks down how REITs generate income from everyday activity—Zoom calls, Amazon orders, even Starbucks visits—and why macro noise like interest rates and tariffs doesn’t shake the fundamentals. He shares what REIT insiders are really saying about the market, the role of dividend stability, and how REITs have historically weathered major crises. The conversation also covers how transparency, resilience, and long-term strategy make REITs a compelling hold for decades to come.
Chapters:
00:01 – The REITs powering Zoom, Amazon, and your daily life
04:05 – David’s background and his many hats in the REIT industry
08:03 – What tariffs and headlines really mean for REIT fundamentals
10:28 – Why REIT CEOs say “our business didn’t change, just our stock price”
13:10 – Learning from cycles: debt, downturns, and long-term leadership
16:18 – Public vs. private real estate reactions to market volatility
19:02 – The COVID playbook: rent collections, recovery, and REIT resilience
23:37 – Case study: SL Green and One Vanderbilt’s unexpected COVID success
25:57 – Sector-specific ripple effects of tariffs and Doge on REITs
27:35 – Shameless Plug: Daily REIT Beat, off-market REIT deals, and networking opportunities
Get in touch with David:
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