# Tom Sherlock put all his chips in the middle when he started Talonvest. 16 Years later and he's happy he did.

Page: https://stenobird.com/podcast/stories-behind-the-door-7023511/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-he-s-happy-he-did
Text version: https://stenobird.com/podcast/stories-behind-the-door-7023511/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-he-s-happy-he-did.md
Podcast: [Stories Behind the Door](https://stenobird.com/podcast/stories-behind-the-door-7023511)
Published: 2026-02-18T16:45:00+00:00
Episode link: https://c1fb7a5a-b918-4752-8e66-99cccd34cccf.libsyn.com/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-hes-happy-he-did
Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/c1fb7a5a-b918-4752-8e66-99cccd34cccf/0._Podcast_Audio_Tom_Sherlock.mp3?dest-id=4709347
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/stories-behind-the-door-7023511/episodes/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-he-s-happy-he-did
Duration seconds: 1817

## Resource

I sit down with Tom Sherlock, Co-founder of Talonvest Capital, for an essential deep dive into the financial state of self-storage. With a career spanning back to 1985, Tom has lived through the RTC crisis, the Great Financial Crisis, and the current 2026 market shift . Tom shares the story of how his firm made a high-stakes bet on the "institutionalization" of storage back in 2011, pivoting their business just as the asset class began its meteoric rise . We discuss the current "reality check" for developers and owners who capitalized deals three years ago, the abundance of capital still chasing the sector, and why lender discipline is actually a sign of long-term health . Key Takeaways from this Episode: Navigating Disruption: Why Tom believes that the most successful firms are built during market disruptions rather than boom cycles . The Discipline of Capital: Insights into how life insurance companies, banks, and CMBS lenders are viewing storage today . Relationship + Technology: How Talonvest balances "old-school" relationship building with "new-school" data analytics to provide better options for their clients . Interest Rate Outlook: Why Tom agrees with Howard Marks that we should prepare for a "higher for longer" interest rate environment . Small Bay Interest: Why BKM and others are looking at small-bay industrial as the next frontier for diversified growth . Whether you are looking to structure a $10 million or $500 million financing package, Tom Sherlock's perspective from the front lines of Talonvest is the reality check every operator needs . Connect with Tom Sherlock: Email: tsherlock@talonvest.com Website: www.talonvest.com Connect with Thaddeus Campbell: Website: https://s3.partners/ LinkedIn: https://www.linkedin.com/in/itsthadcampbell/ This episode was…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/stories-behind-the-door-7023511/episodes/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-he-s-happy-he-did/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/stories-behind-the-door-7023511/tom-sherlock-put-all-his-chips-in-the-middle-when-he-started-talonvest-16-years-later-and-he-s-happy-he-did.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.