EPISODE · Sep 25, 2025 · 44 MIN
Pref Equity Masterclass
from Turbine Capital Private Podcast · host Tait Duryea
What’s the smartest way to position yourself in today’s real estate market? Tait Duryea and Hunter Thompson dissect the capital stack and explain how investors can use private debt, common equity, and preferred equity to balance risk and reward. They reveal why banks hold the safest seat at the table, how leverage amplifies returns, and why PREF equity is gaining traction in today’s market. Plus, they discuss how inflation reshapes wealth strategies, the role of depreciation, and how to think like a sophisticated investor.To learn more about the Azara Tempe investment opportunity or to submit a commitment, please visit the deal room.Show notes:(0:00) Intro(0:37) Debt vs. equity explained(3:14) Why banks hold the safest seat(7:01) Risk, reward, and loan-to-value(11:05) Equity investors and amplified returns(20:10) Preferred equity defined and positioned(23:50) How PREF works in current deals(28:44) Blended returns with split investments(31:23) Why PREF equity is capped(36:07) Understanding accrued preferred return(39:26) Inflation as real estate’s best friendIf you have any questions, please feel free to email [email protected] more about Turbine Capital: Website: https://www.turbinecap.comFacebook: https://www.facebook.com/turbinecapInstagram: https://instagram.com/turbinecapitalThe information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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Pref Equity Masterclass
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