Turbine Capital Private Podcast

Tait Duryea and the Turbine Capital team share the latest May Hangar Talk updates, including strong momentum behind the Waypoint Energy Fund and new details on Iron Horse production. The conversation also clears up common investor questions around KYC requirements, breakeven pricing, GP liability, IRA strategies, and Buddy Bidding, while giving a closer look at the Secured Income Fund and current deal flow across Turbine’s private market opportunities.They discuss:(0:57) Waypoint Energy and KYC updates(3:00) Iron Horse performance and distributions(4:05) Breakeven pricing clarification(5:45) Well production and timing updates(10:03) Oil pricing and hedging questions(14:04) Waypoint underwriting approach(17:17) GP liability concerns explained(25:12) IRA and Roth conversion strategy(29:07) Buddy Bidding referral program(32:24) Secured Income Fund overview(39:46) Waypoint deal flow updateLinks & Resources:Investor support email: [email protected] support email: [email protected] Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

In this Waypoint Energy 2026 Fund webinar, Tait Duryea is joined by Mark Fleming and the Turbine Capital team to introduce Turbine’s new private energy vertical. They cover why oil and gas remain essential, how U.S. shale changed the global energy landscape, and why non-operative working interests may offer a compelling blend of diversification, cash flow, and tax advantages for high-income professionals. The discussion also walks through fund structure, diligence, share classes, GP versus LP titling, expected deployment timelines, and common investor questions around risk, capital calls, production delays, and exit strategy.They discuss:(0:00) Launching Waypoint Energy 2026(2:26) Mark Fleming’s oil and gas background(3:00) Why oil and gas still matter(9:41) How shale changed U.S. energy(12:47) Natural gas and LNG exports(17:12) Why non-op working interests work(21:07) How Waypoint evaluates deals(27:22) The 2026 fund structure(34:48) Tax benefits for W-2 earners(41:30) Share classes and early discounts(43:19) GP versus LP tax treatment(46:12) Investor questions on distributions(50:28) Exit strategy and tax recapture(52:24) Capital calls and risk mitigation(67:29) When cash flow may begin(69:23) Waypoint versus Iron HorseLinks & Resources:Waypoint Energy Deal Room: https://www.turbinecap.com/waypointenergy Investor support email: [email protected] events and happy hours: https://www.turbinecap.com/calendar Turbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea and the Turbine Capital team share key investor updates in this month’s Hangar Talk, covering tax season logistics, new investment opportunities, and market insights across real estate, energy, and private credit.They discuss:(0:00) K-1 timelines and tax filing options(3:24) New investor support contacts(6:12) Upcoming conferences and investor events(7:43) Industrial and senior living fund updates(13:33) Secured Income Fund overview(17:44) Stealth Point Fund 2 preview(22:48) Waypoint Energy Fund launch(29:41) Iron Horse tax benefits and distributionsLinks & Resources:K-1 Status Tracker: https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0Investor support email: [email protected] support email: [email protected] Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea and the Turbine Capital team break down key investor updates in this month’s Hangar Talk, from K-1 timing and account security to energy market shifts and the upcoming Waypoint Energy Fund. They discuss:(0:00) Investor updates on K-1 timelines and investor portal resources(3:49) Launch of the new Office Hours podcast for behind-the-scenes insights(10:34) Oil and natural gas market outlook and recent price volatility(12:13) Iron Horse Energy Fund update and expected production distribution(20:14) Introduction to the upcoming Waypoint Energy Fund strategy(32:18) Development progress and risk management for the Wildlight senior living project(42:08) Demand drivers and exit potential for senior housing investments Links & Resources:K-1 Status Tracker:https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0Fellowship Wildlight Deal Room: https://turbinecap.investnext.com/portal/offerings/9681/ Turbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Welcome to the first episode of Office Hours, a new series on the Turbine Capital Private Podcast where the team sits down for a candid conversation about what’s happening behind the scenes at Turbine.In this episode, Tait is joined by TJ Johnson, Jon Yost, and Mark Fleming to talk through the questions investors have been asking most frequently over the past few weeks. The discussion covers:What the team saw on the ground at Wildlight Senior Living and why the operator stood outHow investors are comparing Wildlight with the Industrial Growth FundThe biggest risks and tailwinds for both projectsRecent moves in oil prices and what they mean for Iron Horse Energy investorsEarly thoughts on the upcoming Waypoint Energy FundHow Turbine aims to present a diversified mix of investment opportunities each yearThe goal of this format is simple: share the same kinds of conversations happening inside the Turbine office as the team evaluates deals, answers investor questions, and thinks through market developments.If you have feedback on the format or topics you'd like covered in future episodes, reach out to the team at [email protected] 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.

Demographics, Demand, and a 205-Unit OpportunityTait Duryea sits down with John LaHood and Kevin King to break down a $96 million, 205-unit senior housing development in Wildlight, Florida. With permits secured, land entitled, and sponsor equity already invested, this project is shovel-ready. They discuss:Senior housing projected to outperform on NOI growthDemographic tailwinds driving sustained demandConstrained new supply supporting pricing powerInstitutional-quality operator and developer partnershipProven lease-up and rent growth performanceConservative underwriting with upside potentialClear refinance and exit strategy targeting REIT and institutional buyersReview the full investment deck in the deal room and secure your allocation before construction begins.John LaHood is President and CEO of The Fellowship Family, a fourth-generation senior living operator based in Georgia, and serves in the Georgia House of Representatives. Active in the industry since 1997, he combines operational leadership with legislative advocacy focused on aging, healthcare policy, and senior living excellence.Kevin King is CEO of BLDG Real Estate with over 30 years of experience in architecture, consulting, and real estate development. He has led senior living, multifamily, and charter school projects nationwide. Formerly a Principal at Ambling, Kevin specializes in disciplined execution, financing strategy, and building high-impact communities.Deal Room: https://turbinecap.investnext.com/portal/offerings/9681/ Show notes:(0:09) Project Overview and Executive Summary(1:33) Timeline and Sponsor Equity Invested(3:33) Fellowship Family Background(5:49) BLDG Development Experience(13:56) Senior Housing Demand Trends(24:23) Jacksonville and Wildlight Growth(35:05) Development and Unit Mix Explained(47:16) Appraisal and Value Creation(56:46) Construction and Lease-Up Timeline(1:09:37) Hold Strategy and Exit PlanTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

The silver tsunami is no longer theoretical. It’s here.Tait Duryea sits down with John LaHood to unpack why senior living may be one of the most compelling asset classes of the next decade. With occupancy surpassing pre-pandemic highs and development lagging far behind demand, the supply-demand imbalance is accelerating fast.They discuss:Demographic surge of 80+ baby boomers driving demandStrong institutional REIT interest in senior livingLabor challenges and workforce pipeline solutionsAmenitized communities redefining the senior living experienceBlended IL/AL models targeting ~40% NOI marginsMaster-planned development opportunity in Northeast FloridaMacro tailwinds and operational realities of investing in dignified, high-quality senior housingIf you’re a high-income professional looking for recession-resilient demand and long-term demographic tailwinds, this conversation is worth your attention.John LaHood is President and CEO of The Fellowship Family, a Georgia-based senior living organization, and a member of the Georgia House of Representatives representing District 175. A fourth-generation senior living operator, he grew up alongside Fellowship Brookside in South Georgia and has worked in the industry since 1997. In the legislature, he serves on committees impacting aging and healthcare policy and has been recognized by the Georgia Senior Living Association for his leadership and advocacy on behalf of seniors and providers.Show notes:(00:00) Senior living demographic tailwinds(03:54) Pandemic occupancy collapse and recovery(05:25) 18 quarters of occupancy growth(07:40) Industry undersupply and aging inventory(10:21) 370,000 unit shortage by 2030(11:58) Reimagining modern senior living(19:16) Solving labor and CNA pipeline(27:56) Independent vs assisted vs memory care(31:12) 40% NOI blended model(34:10) Wildlight master-planned developmentConnect with John LaHood: https://www.linkedin.com/in/john-lahood-3532a152/ Turbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

In this month’s Hangar Talk, Tait and the Turbine Capital team share what’s been happening behind the scenes and where we’re headed next: a new CRM backbone, added in-house expertise, and fresh opportunities across real estate, credit, and energy.In this episode:HubSpot transition – why we upgraded our communication system and what it means for response times, text messaging, and a central office line.Meet Noell Vinzon, Investor Relations Coordinator, and how she’ll help you with subscriptions, SDIRAs, and wiring logistics.Mark Fleming joins as Managing Partner of Oil & Gas and we introduce the Waypoint Energy Fund, bringing oil & gas fully in-house.K-1 timing: how to think about extensions vs. amending, and where to check the live K-1 status for every Turbine deal.SDIRA fair market value (FMV) reports – how we coordinate directly with custodians and where to find FMVs in your portal.Portfolio updates: Four Mile Ranch’s first distribution, Stealth Point’s breakout biotech company, and a record quarter for the Private Credit Fund.Why we’re bullish on industrial real estate and the long-term “silver tsunami” tailwind behind our upcoming senior living development.Links & resources:K-1 Status Tracker:https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0Happy Hour RSVPs:Salt Lake City – White Horse Tavern: https://luma.com/ef9vgestHouston – Stella’s Wine Bar: https://luma.com/rm1ig1uwConnect on LinkedIn:Mark FlemingNoell VinzonIf 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.

Tait Duryea sits down with Ben Fraser and Dan Schulte of Aspen Funds to unpack why industrial real estate is entering a new growth cycle driven by reshoring, supply chain risk, and shifting global trade. They explain how the Industrial Growth Fund targets raw land along the I-35 corridor, capturing value through entitlements, development, and strategic exits. From Kansas City’s “Golden Triangle” to Wichita’s industrial resurgence, this episode breaks down why smaller, flexible facilities are outperforming mega-warehouses and how investors can participate earlier in the value creation process.Show notes:(00:00) Industrial Growth Fund Overview(03:42) Why Global Supply Chains Are Shifting(05:35) Reshoring And Industrial Demand Surge(08:25) Why The Midwest Is Winning(10:18) Why Start With Raw Land(13:47) Kansas City’s Golden Triangle(17:58) Infrastructure, Labor, And Tax Advantages(22:29) Multiple Exit Paths Explained(26:28) Assets Already Inside The Fund(36:01) How And When To InvestTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea and the Turbine Capital team welcome W. Schreiner Parker of Rystad Energy for a grounded, data-driven look at Venezuela, global oil supply, and what energy investors should actually be paying attention to. This episode cuts through media hype to explain why Venezuela’s production recovery is far slower and more capital-intensive than headlines suggest, how OPEC and geopolitics really influence pricing, and why oil and gas remain a long-term allocation rather than a short-term trade. A must-listen for pilots and high-income investors navigating volatility with perspective.Show notes:(00:00) Venezuela market overview(03:22) Why this isn’t a supply shock(05:41) Capital required to restore production(07:54) Why majors avoid Venezuela(11:02) Short-term oil oversupply outlook(11:48) Long-term bull case for oil(18:12) Venezuela and OPEC membership(23:20) True reserves vs. headline numbers(26:15) LNG, AI, and natural gas demand(34:09) How oil investments create valueTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea and the Turbine Capital team host a timely Hangar Talk focused on the Iron Horse Energy Fund as the funding deadline approaches. They break down current asset acquisitions, targeted 2025 tax benefits, funding flexibility, and how oil and gas pricing impacts performance. The conversation also covers IRA reporting, Roth conversion strategies, and why this fund structure offers flexibility unmatched by traditional real estate deals. The episode closes with a look ahead at 2026 opportunities, including industrial real estate, oil and gas, and upcoming investor events.Show notes:(00:06) Iron Horse fund deadline overview(01:23) 21 assets and 86% write-off target(02:07) Oil, gas, and basin diversification(03:30) Funding deadlines and flexibility explained(05:47) Dashboard funding and address updates(07:53) IRA fair market value reports explained(10:12) STR loophole vs Iron Horse comparison(13:08) Portfolio updates and active projects(14:24) 2026 pipeline and industrial strategy(17:32) Roth conversion tax strategy explainedTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea connects with Ellis Hammond from Aspen Funds to break down how private credit works and why it has become one of the most compelling strategies in today’s market. They walk through fund structure, deal selection, capital stack positioning, and how private credit can generate steady returns with less volatility than traditional equity investments. You’ll also hear how macroeconomic shifts, tighter bank lending, and disciplined underwriting have created unique opportunities for investors seeking consistency, diversification, and tax efficiency.Ellis Hammond is the Vice President of Capital at Aspen Funds, where he oversees capital development and works closely with the acquisitions team on private credit investments. A real estate investor for nearly a decade, Ellis brings hands-on experience in underwriting, deal structuring, and portfolio management.Visit the deal room. Show notes:(00:13) Ellis Introduces Aspen Funds(01:14) What Makes This Private Credit Fund Different(06:32) Understanding the Capital Stack(08:13) Interest Rates, Inflation, and Market Shifts(10:52) Why Private Credit Is Growing Fast(12:22) Fund Structure and Investor Options(16:29) Loan Committee and Deal Approval Process(20:01) How Returns Are Generated(24:26) Why Borrowers Use Private Credit(32:02) Key Reasons Investors Choose This FundTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea hosts a wide-ranging Hangar Talk covering investor updates, Iron Horse performance, and how Turbine Capital is positioning capital heading into the next market cycle. He explains recent returns from Iron Horse, clarifies fiduciary responsibility, and outlines why natural gas may be the smartest way to participate in AI-driven demand without taking data center risk. The conversation also explores self-storage, industrial real estate, bonus depreciation, and why the next 12–18 months could present a prime buying window for disciplined investors.Show notes:(00:26) Iron Horse sale and investor returns(01:09) Updating tax addresses and K-1 prep(03:11) Fiduciary responsibility explained(06:02) What’s inside the Iron Horse fund(07:24) Energy funds returning next year(12:21) Reef demographics and investor outlook(15:00) Self-storage and industrial real estate outlook(18:12) AI demand and natural gas strategy(21:36) Why real estate pricing is stabilizing(24:13) Bonus depreciation and capital flowsTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea hosts a live Hangar Talk with Mike Peterson from Reef Capital Partners to answer investor questions directly from the source. The conversation covers how Reef reports performance, how quarterly distributions work, and why early cash flow may be lower due to depreciation and tax credits. They break down K-1 taxation, SDIRA and UBIT considerations, reinvestment strategy, and when investors can expect return of capital. Mike also shares insight into future Reef developments, including golf-focused resort communities and the long-term portfolio vision driving equity growth.Show notes:(02:40) Reporting and quarterly updates explained(04:18) How Reef distributions are taxed(07:12) Why Reef distributes 52 percent(08:31) Reinvesting profits for higher IRR(11:00) Future Reef developments overview(13:31) When investors get capital back(15:18) SDIRA and UBIT considerations(18:19) Cocoa Palms project discussionTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

We are thrilled to announce the opening of our Iron Horse Energy Fund, a $100M domestic drilling program offering accredited investors access to high-quality wells alongside major operators like EOG, ConocoPhillips, and Continental. Founder Tait Duryea, joined by Courtney (Iron Horse Energy), Mark Fleming (30-year oil & gas veteran), and CPA Nathan Sosa, break down the macro case for fossil fuels, fund structure, tax benefits, and risk management. Discover how the team built a diversified portfolio across top U.S. basins with low breakeven prices, strong downside resilience, and powerful 2025 tax advantages.View on Vimeo: https://vimeo.com/1123795259 View on Spotify: Visit the deal room.Show notes:(0:00) Intro(3:08) Courtney’s background and drilling experience(6:03) Why fossil fuels still dominate global energy(12:09) Collapse of institutional funding and market opportunity(19:01) Iron Horse Energy Fund overview and structure(25:23) Due diligence process with Mark Fleming(30:30) First Colorado well package and production timeline(36:49) Fund transparency, fees, and contingency reserves(44:07) Conservative modeling and downside resilience(49:34) Tax advantages and IDC explanation with Nathan Sosa(56:09) Liability, GP/LP transition, and investor protection(59:52) Risk factors and diversification strategy(1:08:11) Q&A: oil pricing, contingency, and exit strategyTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

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.

What does it really take to grow wealth as a high-income professional? In this Hangar Talk, the team shares updates on the upcoming Investor Weekend in Colorado, including property tours, golf at Four Mile Ranch, and fireside conversations with oil and gas advisor Mark Fleming. You’ll also learn about the “buddy bidding” program, self-directed retirement accounts, tax strategies like Roth chunking, and how bonus depreciation offsets capital gains; the so-called “lazy man’s 1031.” Finally, the group breaks down the Iron Horse Fund, its tax advantages, risk protections, and long-term potential in oil and gas.To learn more about the Azara Tempe investment opportunity or to submit a commitment, please visit the deal room.Show notes:(0:46) Investor Weekend update in Colorado(3:29) Buddy bidding explained for investors(5:35) Investor portal updates and transfers(7:52) Using self-directed retirement accounts(12:01) Strategic Roth conversions for pilots(13:14) Bonus depreciation and the “lazy man’s 1031”(16:05) Why five-year holds are common(24:42) Hall CPA and oil & gas tax guidance(35:39) Iron Horse Fund overview and structure(39:22) GP to LP transition explained(45:03) Natural gas, data centers, and energy demand(51:19) Oil & gas returns vs. real estate(55:05) Investor protections and contingency planningIf 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.

Join Turbine Capital CEO Tait Duryea and Asym Capital founder Hunter Thompson as they sit down on-site at Azara Tempe. In this 15-minute conversation, Hunter shares why Phoenix remains one of the strongest multifamily markets in the U.S., how today’s challenges are more about financing than fundamentals, and why this property’s location, basis, and conservative debt structure make it a compelling opportunity for investors.To learn more about the Azara Tempe investment opportunity or to submit a commitment, please visit the deal room.Show notes:(0:00) Intro(0:52) Multifamily as real estate’s bread and butter(3:37) Why multifamily remains a core strategy(4:42) Competitive edge: specialization and localization(6:40) Defensible underwriting and risk management(9:02) Rent growth reversing in Phoenix market(12:00) Why the seller is selling now(15:04) Turbine’s GP role and capital commitmentIf 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.

In this episode, we hosted a Live Q&A Forum for Azara Tempe, giving investors the opportunity to ask questions, discuss the business plan, review underwriting, explore different share classes, understand the location, and hear more of the backstory behind this multifamily investment opportunity.To reserve your spot or discover more about Azara Tempe, please visit the deal room.Show notes:(0:00) Intro(03:00) Phoenix market distress creates opportunity(07:30) Why Tempe location stands out today(12:00) Falling knife or perfect timing?(19:00) Lease rollovers and occupancy strength(24:00) Cap rates, conservatism, and underwriting(29:00) Breakeven occupancy and positive leverage(37:00) Prepayment penalties and tax benefits(42:00) Water security and Tempe’s growth story(54:00) Bonus unit discovery and upsideIf 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.

In this episode, we share the full investor webinar for Azara Tempe, a 56-unit multifamily community in the premier North Tempe submarket of Phoenix, Arizona. The Turbine Capital and Asym Capital teams walk through the opportunity, business plan, and share classes available to investors.For more information or to submit a commitment, please visit the Azara Tempe Deal Room.Show notes:(0:00) Intro(2:06) Why Asym pivoted to Phoenix multifamily(5:08) Deal overview and investment highlights(7:03) Location, location, location: North Tempe advantage(10:19) Property features and unit mix(13:35) Sponsorship team backgrounds(16:21) Long-term ownership and blank slate upside(22:11) Debt terms and financing structure(26:55) The “hidden unit” Easter egg discovery(33:02) Phoenix fundamentals: job and population growth(42:11) Market cycle analysis and why nowIf 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.

Tait Duryea hosts Turbine Capital’s 2025 Annual Shareholder Event, reflecting on the firm’s most successful year to date. With Brittney Atiburcio and guest advisor Mark Fleming, the team shares company growth, portfolio performance across 30 active deals, and insights into today’s economic reset. They also share updates on multifamily, industrial, and energy opportunities, plus news on an executive order that could open 401k access to private equity. Discover why Turbine is doubling down on oil and gas, how Buddy Bidding expands access, and what to expect from upcoming offerings.Show notes:(0:00) Intro(3:29) Meet the Turbine Capital team(6:39) Introducing Mark Fleming, oil & gas advisor(8:26) Core values: stewardship, transparency, adaptability(10:14) Inflation, interest rates, and market reset explained(19:00) Why Turbine is buying at the cyclical low(28:25) Rate outlook and macro trends with Jonathan Chang(28:47) Executive order: private equity meets 401k(34:34) Tiger 21 and high-net-worth portfolio allocation(43:01) Navigating challenges and capital calls in Phoenix deals(52:04) Miticus factory and investor weekend details(1:00:06) Oil & gas tax benefits and new offering(1:01:06) Buddy Bidding: new share class for investors(1:05:15) Save the date: Utah in-person unveiling(1:08:21) Turbine Capital private podcast announcement(1:09:34) Q&A: deal forecasting, non-accredited options, asset classesTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If 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.

Tait Duryea and the Turbine Capital team break down key investor updates, starting with the fast-approaching August 15th subscription deadline for the Houston storage deal. Hear about Azara Tempe, a 56-unit multifamily near ASU with strong occupancy, solid returns, and significant depreciation benefits. Then meet Mark Fleming, Turbine Capital’s new oil and gas advisor, as he outlines the reduced risk, upfront cash flow, and 80–85% W-2 tax benefits of the upcoming 2025 Oil & Gas Fund. Mark Fleming is a petroleum engineer with over 20 years of experience at Chevron, Hess, and in the financial sector evaluating oil and gas portfolios. Specializing in unconventional assets, Mark has advised on drilling programs across major U.S. basins. Now serving on Turbine Capital’s advisory board, he ensures the firm’s oil and gas acquisitions meet rigorous technical and economic standards.Show notes:(0:00) Intro(1:33) Annual shareholder event details(4:41) Oil & gas deal timeline and intro to Mark Fleving(10:57) Expected cash flow ramp and well decline curves(13:25) How diversification across wells reduces risk(16:23) Why oil & gas offers rare W-2 tax offsets(19:12) How modern drilling tech lowers risk(21:27) Tax benefit ranges and conservatism(25:57) Well life expectancy and hold strategyHelpful Links:Annual Shareholder Event Registration Link: https://us02web.zoom.us/webinar/register/WN_UARDy1xgQI6m8irPBIBNKg#/registrationTurbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026Mark Fleming: https://www.linkedin.com/in/mark-e-fleming/Mark Fleming Oil and Gas Recommended Reading:Fossil Future – A.EpsteinThe Prize – Daniel YerginLiberty Energy Website – Bettering Human Lives (by Chris Wright, Secretary of Energy)Tax Benefits of Oil & Gas eBook:https://www.turbinecap.com/oil-and-gas-ebookNew upcoming deal Turbine Capital is about to launch - Azara: https://turbinecap.investnext.com/portal/offerings/8718/azara-tempe/Houston Storage:If 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.

Tait Duryea welcomes Nathan Sosa for the first guest appearance of the Hangar Talk series to break down one of the most powerful and misunderstood tax advantages available to high-income earners: oil and gas investing. They unpack how working interests can offset W-2 income, why structure matters, and how the upcoming Iron Horse Energy Fund is designed to maximize benefits while managing risk. You’ll hear how diversification across 100+ wells, partnerships with top-tier operators, and smart fund structuring can deliver both strong cash flow and extraordinary tax efficiency. Nathan Sosa, Manager of National Tax at Hall CPA, advises investors nationwide on advanced tax strategies. A real estate investor and small business owner himself, Nathan brings both technical expertise and real-world insight, most recently co-authoring an e-book on oil and gas tax benefits with Tait.Show notes:(0:00) Intro(0:18) Nathan’s tax & investing background(1:14) Oil & gas tax advantage explained(4:01) Investing via stock, royalties, working interest(6:01) How the 80–90% deduction works(9:14) De-risking with diversification & operators(13:00) Active loss treatment rules(17:05) Fund timeline & cash flow outlook(20:02) State tax factors for high earners(23:51) Break-even pricing & assumptions(26:04) Expanded 1202 exemption benefitsHelpful Links:K-1 Tax Document tracker: https://docs.google.com/spreadsheets/d/1oZAnEOesvJH228aOiZqUB9P-_vc1DEpzymZAudvNfCw/edit?usp=sharingOil & Gas Tax Benefits eBook (written by Tait and Nathan): https://drive.google.com/file/d/1-esh5ZpdRJkKiBDO05QS2VFUYKzfdEPR/view?usp=sharingPassive Income Pilots’ latest episode with Nathan Sosa - Big Beautiful Tax Bill:Apple Podcast:https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000716846641Spotify Podcast:https://open.spotify.com/episode/0exEKvvBnijuZXSVaLGlCu?si=bf12aa083c3648e0Houston Storage Deal Room - https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/To book a call with Nathan at Hall CPA: https://bit.ly/HallCPAContact Nathan to get access to HALL Community $100 off for tIf 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.

What do “7% preferred return” and “70/30 split” actually mean for your investment? In this Hangar Talk episode, Tait Duryea breaks down how cashflow and waterfalls work in GP-LP real estate deals. Using relatable rental property examples, he explains preferred returns, equity multiples, liquidity events, capital account reductions, and the tax treatment of distributions. You’ll learn how GP–LP structures align incentives, when projections hold up (and when they don’t), and how refinancing can return your capital while keeping you in the deal. Show notes:(0:00) Intro(01:21) Year-one cashflow on $100K investment(02:29) Deals that pay monthly vs. development plays(03:53) Preferred return as first step in the waterfall(05:19) How accrued preferred return works(08:15) Liquidity events and return of capital(10:24) Capital accounts and preferred return calculation(13:40) When the preferred return disappears(14:02) Rewarding early investors in a deal(18:54) Do real-world results match projections?(20:29) How distributions are taxed before and after return of capital(26:25) DSTs, TICs, and 1031 exchange considerations(26:32) Why invest via Turbine Capital vs. directlyHelpful Links:StealthPoint Deal Room: https://turbinecap.investnext.com/portal/offerings/8265/This Hangar Talk discussed the StealthPoint investment, which is no longer open and accepting investors. You can still view the details in the deal room, but be sure you’re signed up for the Turbine Capital Investor Club to get first notice of new and upcoming Skunk Works offerings.Turbine Capital Calendar: https://www.addevent.com/calendar/Tj858910PIP Episode with Trevor Flor on 1031: https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000616864912 Cost Segregation Episodes on PIP:Episode #14 with Toby Mathis: https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000611466826Episode #32 with Yonah Weiss: https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000624538776Episode #85 with Erik Oliver: If 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.

What makes a deal boring, and why might that be a good thing? In this episode of the Turbine Capital Private Podcast, Ryan Gibson joins Tait Duryea for a candid conversation about their latest Houston acquisition and why it may be the strongest deal they’ve done to date. With $30M already committed and closing set for late August, Tait Duryea and Ryan Gibson break down why this off-market, mom-and-pop portfolio could outperform riskier development deals. At 84% occupancy with major marketing and management upgrades ahead, this Houston acquisition is built for growth. If you’re looking for high-quality cash flow with low downside, now’s your chance.Ryan Gibson is the President and CIO of Spartan Investment Group and a frequent collaborator with Turbine Capital. Known for his sharp underwriting and operational acumen, Ryan brings deep experience in self-storage, portfolio scaling, and market strategy. Deal Room: https://turbinecap.investnext.com/portal/offerings/8449/ Show notes:(0:00) Intro(00:07) Deal status and commitment update(00:21) Reserved allocation for pilots(00:41) Why this is the best deal yet(01:14) The Portland trio vs. Houston(05:03) 11% NOI growth, no marketing(07:28) Massive marketing upgrade coming(08:29) Underwriting 3.6% with room to beatIf 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.

Welcome to the launch of the Turbine Capital Private Podcast, your insider track to everything happening at Turbine, from deal flow to strategy, directly from the source. Host Tait Duryea introduces the platform, and he is joined by Jon Yost and TJ Johnson, who share their aviation backgrounds, personal investing journeys, and key roles within the firm. Whether you’re looking to diversify beyond mutual funds or curious about how Turbine vets deals across asset classes, this intro sets the tone for what’s to come. Get ready to learn how pilots like you are reclaiming financial control through alternative investments.Tait DuryeaTait Duryea is the Founder and CEO of Turbine Capital, a private equity firm purpose-built for pilots seeking smarter, tax-efficient investment opportunities. His mission is to help fellow aviators break free from overexposure to Wall Street by offering access to carefully vetted alternative investments. With a passion for education and transparency, Tait leads Turbine Capital in delivering institutional-quality deals to everyday pilots who want passive income with purpose.Jon YostDirector of Acquisitions at Turbine Capital and a seasoned pilot flying both 777s and A-10s, Jon brings over two decades of hands-on real estate investing experience, from single-family homes to industrial assets. A strategic operator with deep due diligence expertise, he sources deals that meet Turbine’s high standards for return and reliability.TJ JohnsonInvestor Relations Liaison at Turbine Capital, TJ is a former F-15 pilot and current A220 captain who began his journey as a Turbine investor. Now, he’s the first point of contact for fellow investors, guiding them through deals, onboarding, and ongoing communication with clarity and care.Show notes:(0:00) Intro(0:12) What to Expect on This Platform(0:52) Who Turbine Capital Serves(1:32) Diversifying Beyond 401(k)s(2:07) Meet Jon Yost: Flying & Investing(3:13) Jon's Real Estate Journey(5:28) What Jon Does at Turbine(6:15) Meet TJ Johnson: F-15 to A220(7:25) TJ’s Role in Investor Relations(8:44) Subscribe & Stay TunedIf 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.