78: In this Overheated Environment the Sponsor is the Differentiator

Market cycles ultimately determine the potential of an investment. Markets and asset classes are always in different phases of development. Today’s guest, Serge Shukhat, Principal of Zonal Capital, started out buying houses for $50,000 in a suburb in Phoenix during the Great Recession and has leveraged these early successes into a multi-asset class empire including multi-family, hotels, and other assets.