How This Real Estate Investor is Betting on an AI Boom (It’s Not Data Centers) | Tom Shapiro
Other People's Money with Max WietheShow Notes
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In this episode of Other People's Money, GTIS Partners founder and CIO Tom Shapiro breaks down how massive macroeconomic shifts, including AI and inflation, are reshaping the global real estate landscape. He explains why his firm is heavily betting on a San Francisco recovery driven by the booming AI sector, and how they are scooping up properties at steep discounts to replacement costs. Shapiro also details the severe oversupply challenges currently stalling popular Sun Belt cities, alongside the firm's strategic push into industrial logistics to capitalize on domestic reshoring trends. Finally, he shares decades of expertise on navigating the complex Brazilian real estate market, offering a masterclass on global investment strategies in a high-interest-rate environment.
Learn more about GTIS Partners: https://www.gtispartners.com/
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Timestamps:
00:00 Intro
01:30 Macro Shocks and Inflation
02:30 AI Disruption Risks
04:27 Tracking Jobs and Households
06:09 Immigration and Rate Politics
08:03 Build to Rent Bill Fallout
11:57 Affordability and Mortgage Rates
14:41 Fundrise Income Fund
16:36 Regional Winners and Losers
17:12 Sun Belt Oversupply Pain
19:57 San Francisco Comeback Thesis
24:35 AI Occupancy and Investment Plays
28:28 Picking Buildings Block by Block
30:02 Picking the Right Building
30:21 Safety and City Recovery
33:39 AI Jobs and Office Demand
35:17 Froth and Real Revenues
37:39 Data Centers NIMBY Debate
39:54 Reshoring and Warehouse Boom
44:09 Real Estate Capital Markets
49:07 Why Brazil Worked
52:46 Brazil Rates and Currency
55:15 Politics and China Pull
58:44 US Outlook and Wrap Up
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This episode is brought to you by Sarmaya Partners. Learn more about Sarmaya’s LENS ETF, their full data and comparison, including performance here: https://sarmayaetf.com/
This episode is brought to you by Sarmaya Partners. Learn more about Sarmaya’s LENS ETF, their full data and comparison, including performance here: https://sarmayaetf.com/
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