# $1 Trillion in Real Estate Is Breaking (Here’s What Happens Next)

Page: https://stenobird.com/podcast/invest-like-a-billionaire-4346750/1-trillion-in-real-estate-is-breaking-here-s-what-happens-next
Text version: https://stenobird.com/podcast/invest-like-a-billionaire-4346750/1-trillion-in-real-estate-is-breaking-here-s-what-happens-next.md
Podcast: [Invest Like a Billionaire](https://stenobird.com/podcast/invest-like-a-billionaire-4346750)
Published: 2026-04-21T10:30:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/invest-like-a-billionaire/episodes/1-Trillion-in-Real-Estate-Is-Breaking-Heres-What-Happens-Next-e3i7b9b
Audio file: https://anchor.fm/s/4e9bae1c/podcast/play/118778603/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-21%2F422500135-44100-2-29fdc3dfc1c22.mp3
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JSON: https://stenobird.com/v1/public/podcasts/invest-like-a-billionaire-4346750/episodes/1-trillion-in-real-estate-is-breaking-here-s-what-happens-next
Duration seconds: 2572

## Resource

$1T in multifamily debt is coming due and most of it already doesn’t work. Is this a real estate crash or the next buying opportunity? We brought in Dugan Kelley, co-founder of Kelley Clarke Law and a leading real estate and SEC attorney, to break down what’s actually happening in the multifamily market. In this episode: -The multifamily “maturity wall” explained -Why 2020–2022 real estate deals are in trouble -How rising interest rates broke deal economics -What happens next: loan modifications, forced sales, or foreclosure -What real estate investors need to know now This isn’t 2008. It’s a valuation reset in commercial real estate. Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

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## Transcript

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