In this special guest episode of The TreppWire Podcast, we’re joined by Barrett Linburg, Founding Partner of Savoy Companies, a vertically integrated Texas multifamily platform. Barrett dives into Opportunity Zones 1.0 and 2.0, discussing his path into this type of investing, the tax benefits that have driven adoption, and what a permanent program could mean for investors, wealth managers, and future development. He also highlights Savoy’s Bishop Ridge redevelopment project in Dallas as a case study in transforming a neighborhood through urban infill development and heavy value-add renovations. We discuss Savoy’s use of AI and proprietary technology to streamline property management operations, and the lessons Barrett has learned while scaling a multifamily platform. Tune in now.

Episode Notes

• From mortgage broker to multifamily investor: lessons from the GFC (1:41)

• Gut renovations vs. light value-add (6:20)

• Opportunity Zones explained and the Bishop Ridge case study (9:06)

• Opportunity Zones 2.0 and permanent OZ legislation (15:52)

• Building Savoy as a vertically integrated platform (19:25)

• AI, geofencing, and the Savoy Operating System (25:28)

• Lessons learned and closing remarks (31:40)

Questions or comments? Contact us at podcast@trepp.com.     

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In this week's episode of The TreppWire Podcast, we unpack a week of conflicting economic signals as hotter-than-expected inflation readings collide with a surprisingly rally in Treasury yields. We discuss the latest bank earnings results, highlighting strong loan growth alongside rising funding costs, and signs of softness in capital markets activity. In Digging Through the Data, we examine $2.9 billion in securitized CRE debt exposure across Hurricane Isaias-affected Florida counties, highlighting key geographic and property-type concentrations. We also cover several notable property stories, including the $235 million acquisition of the Chrysler Building leasehold interest in New York, Publix's ongoing strategy of acquiring shopping centers anchored by its grocery stores, and the sale of a Four Seasons resort in Scottsdale. Tune in now.

Episode notes:

- Economic Update: Inflation, Rates & Markets

- Bank Earnings Breakdown

- Florida CRE Risk & Hurricane Exposure

- Chrysler Building Deal

- Publix Acquisition Strategy

- Scottsdale Resort Sale

Questions or comments? Contact us at podcast@trepp.com.

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X: www.x.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp

In this week's episode of The TreppWire Podcast, we examine what higher financing costs mean for borrowers and investors. We break down the latest jobs and manufacturing data, pressure on Treasury yields, and what lenders are saying about leverage, underwriting, and borrowers bringing more equity to the table. We widen our look at CMBS hard maturities to the next five quarters, with roughly $78 billion coming due through the end of 2027 and $22 billion carrying debt yields at or below 8%. We discuss how a borrower can remain current and still face a refinancing gap, where maturity pressure is concentrated, and several loans we're watching. We also dig into positive and negative leverage, including why comparing cap rates with interest rates doesn't tell the whole story. We close with a $127 million multifamily construction takeout in Fort Lauderdale and Federal Realty's $508 million acquisition of The Summit in Birmingham. Tune in now.

Questions or comments? Contact us at podcast@trepp.com.

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X: www.x.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp