402. The New Reality: Warsh's Fed, CRE Disruption, Apollo's Exit, & Credit Risk Transfer 101

In this week's episode of The TreppWire Podcast, we discuss Kevin Warsh's first FOMC meeting as Fed Chair and what the potential end of forward guidance means for CRE investors. We also examine Apollo's decision to wind down ARI, revisit key themes from our conversation with Scott Rechler on the "Age of Disruption" and why today's environment increasingly favors operators, explore what current office cap rates may be signaling about market sentiment, and break down credit risk transfer (CRT) and its potential impact on bank lending. We close with several notable trading alerts, including Bank of America Plaza in Los Angeles and the Fairmont Austin. Tune in now.Episode notes: • Economic Update: Fed Holds Rates Steady (2:14)• Apollo To Shutter Mortgage REIT Following $9B Loan Sale (9:44)• Scott Rechler, RXR on the Age of Disruption, AI & NYC Office Cap Rates (14:59)• 101: Credit Risk Transfer and What It Means for Bank Lending (23:46)• Office Deals & Trading Alerts: BofA Plaza, 26 Broadway, Illinois Center (30:43)• Programming Notes (46:50)• Shoutouts (50:31)Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp